Preview

Asda Stores, Supermarket Giants

Good Essays
Open Document
Open Document
398 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Asda Stores, Supermarket Giants
ASDA stores, one of the supermarket giants of today, have set out to increase its in-store marketing with the hope of adding value to the whole shopping experience and “Retailtainment”. The first step towards their objective was to use primary market research which consisted in doing a rolling survey of mums, who they identify as their core customers. The survey was carried out by the supermarkets very own “Mumdex”, a panel of over 4000 mums of different ages and backgrounds. With the quantative research showing how most mums are going through a financial squeeze. 42% per cent have been forced to accept a household pay cut or freeze
88% feel proud when they save money
Two thirds budget more now than a year ago - 10% buy more on credit
71% upgrade big ticket items less frequently
23% are borrowing to get by
A third of mums think media has downplayed economic impact
43% think UK economy with never be the same again Statistics from Mumdex’s first report: http://www.marketingweek.co.uk/news/asda-to-reshape-business-around-mums/4000203.article Other results revealed that 90% of mums felt that the most important issue is offering products at the best possible prices. With the economic climate taking another downturn, ASDA felt it was necessary to see too the needs of its key customers by introducing more special offers and by increasing the shopping experience as a whole. With this research undertaken, ASDA So the next stage for ASDA was to appoint Momentum UK as its in-store events partner. Their objective being to introduce new ways of “Retailtainment” across stores all over the UK. Definition: http://en.wikipedia.org/wiki/Retailtainment Momentum will be responsible for enhancing ASDA’s key commercial trading occasions by creating a programme of events that will capture the imagination of its customers and complement its market position. The agency are also tasked with ensuring that the programme of events

You May Also Find These Documents Helpful

  • Satisfactory Essays

    In the Asda Company there are customer satisfaction, the greatest and maximum important device is the business development. Management desires to display every individual member of staff carefully to ensure that everybody is undertaking what they are meant to ensure in their specific employment role. The head office management and store management can show their staff in this organisation; this will improve staff progress and also improve the business.…

    • 964 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Daniel Akst, in his essay “Saving Yourself”, discusses the need for thrift during the U.S. economic recession. According to Ackst economist Thorstein Veblen developed the theory of conspicuous consumption while economist Simon Patten promoted consumer spending and capitalism as tools of social change. Thrift declined following World War II and the Great Depression due to the promotion of spending as a way of strengthening the U.S. economy. Akst discusses how purchasing second-hand items may be necessary due to economic problems. Akst gives a very informative, descriptive, and detailed article about the spending habits of people. He gives the impression that he really researched this topic. I felt that Akst brings up several good points and is very persuasive.…

    • 894 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    | I always shopped at Morrisons even after the revamp. The fresh prepared fruit had gone up from £1 to £1.25 and the ‘restaurant pizzas’ were 3 for £2: 50 the week before, but are now 3 for £ 3.00 so I went to Tesco and was surprised at the offers and they gave me £12 voucher off my next shop, when I spend £60. So, I am not going to shop at Morrisons.Again, a recent poll by Sun City “Morri-Poll” reveals the supermarket’s customers are fed up with posh displays such as “misty” exotic vegetables and delis. As one customer, who shopped in Morrisons since 1965 has stopped shopping in the supermarket, while a staff claimed that “I’ve worked for Morrisons for the last six years and the last 16 months have been the worst.” Such type of comments about a supermarket is particularly dangerous, given a study conducted in 1999 by customer service research firm TARP shows that: * One unhappy customer tells ten people about their experience. Each of these ten people tells another five people, meaning up to 50 people get to know of one person's poor experience with a firm. * central-e-commerce unfolds that a dissatisfied consumer will tell between 9 and 15 people about their experience. About 13% of dissatisfied customers will even tell more than 20 people!…

    • 705 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    D2

    • 557 Words
    • 2 Pages

    There have been many changes to the structure in families; with an ageing population, rise in single-person households and changes in education Tesco have to meet the needs of everyone. For example, one thing which…

    • 557 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Increased concentration, globalisation, growth in services and use of multi-channel retailing, increased use of technology and focus on value delivered are all general trends that influence how John Lewis operates as the market leader in the UK department store sector. Consumers today are not afraid to do price-comparison and the idea of choice makes John Lewis' costumers not only buy products, but experience.…

    • 255 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Marketing Plan: Wh Smith

    • 2106 Words
    • 9 Pages

    “Our business goal is to rebuild our position as Britain’s most popular stationer, bookseller and newsagent. We strive to be an outward facing, customer-focused, store-responsive organisation that delivers on our promises.” (WHS, 2011)…

    • 2106 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    A customer encouragements allows good customer service and fulfils the customer’s requirements and hopes, this is only then clients will keep coming back to shop at Asda as the reason for this the business will become more popular. Without clients, the business can’t keep business on-going. This is why Asda has to see clients’ requirements and potentials such as sales, reductions, latest goods, good…

    • 1202 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Macy's Business Plan

    • 4459 Words
    • 18 Pages

    Fifty years ago, most department stores were independent retail stores that offered one stop shopping for the average consumer. Over time, these stores would be slowly transformed into today’s shopping mall. Department stores have served as ‘anchors’ in over 1,200 shopping malls. It has been…

    • 4459 Words
    • 18 Pages
    Powerful Essays
  • Best Essays

    Ellis-Chadwick, F., (2012) ‘Session 4: Understanding the retail environment (Part 2)’, What is retailing?, Milton Keynes, The Open University.…

    • 4405 Words
    • 18 Pages
    Best Essays
  • Satisfactory Essays

    Asda is a retail supermarket and the purposed of Asda is to make profit and to supply goods to customers. It sells general merchandise such as food, drink, clothing and various other items. It also has services such as insurance, financial services and a mobile telephone network.…

    • 395 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    asda

    • 518 Words
    • 3 Pages

    ASDA Stores Ltd was first established in United Kingdom in 1965. It is one of the largest food retailers and supermarket in the country while its first idea was originated from Hindell’s Dairy Farmers Ltd in 1920. The company opened its first outlet in Leeds and later on buying out the whole supermarkets. ASDA is a supermarket chain which mainly focusing on selling fast moving consumer products like foods, clothes, toys and also mobile phones. It became a subsidiary of Wal-Mart in 1999 and launched its first ASDA- Wal Mart store in Bristol, Yorkshire (ASDA 2011).…

    • 518 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Wal-Mart Asda

    • 1310 Words
    • 6 Pages

    In regards to the competition, ASDA is placed around the top, not quite the number 1 supermarket chain in the UK (as…

    • 1310 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Consumer Debt

    • 1067 Words
    • 5 Pages

    The debt to income ratio has almost doubled in just one year, from 2005 to 2006 (Krishna Dutt). Much of this can account for luxury items. People in this era feel a need to have certain things that they desire, and often times, they will purchase it with the swipe of their small, plastic card. With many new ways to advertise, whether it be on a billboard, a commercial on television, or an advertisement online, people are exposed to so many appealing products that they feel the need to consume. People also feel the pressure to keep up with societal norms. If a certain product gives you a certain status among your peers, many consumers will feel the need to buy it. For example, iPhones are a popular product, and although expensive, many people who should not be able to afford it purchase it anyway, for the status among their friends. There are also many new technological advances that consumers feel the need to update, whether it be for work, hobby, or simply because they want the newest product. Companies have begun to realize this and have been releasing new versions of certain products at an alarming rate. With inflation, these products become even more…

    • 1067 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    hjkl;

    • 267 Words
    • 2 Pages

    Tesco, along with Asda, Morrisons and Sainsbury's, has responded to the threat from discount grocers by lowering prices on essential items including bread, milk and eggs. Tesco said sales volumes of these essentials had risen 28% in the quarter.…

    • 267 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Van Der Steen Candy Company

    • 3575 Words
    • 15 Pages

    promotion in the hands in the customer, they are also hopeful that those walking by their store on…

    • 3575 Words
    • 15 Pages
    Powerful Essays