Open Access Open Access  Restricted Access Subscription Access

Post Pandemic Buyer Behaviour


Affiliations
1 Bucharest University of Economic Studies, Romania
 

Romanian economy has been, for almost two decades now, based on consumption. Thus, private consumption has become a vital element in supporting national economy and everyday life, with peaks and lows. Numerous studies have documented the Romanian consumer’s behaviour and purchasing trends, concluding that Romanians are more than just customers, rather “patients”. Big retail chains have become “the main cause” for their illness, called consumerism. Before the pandemic, Romanian customers chose to acquire goods that they did not need, just because they were trending or because it brought them a boost of image within their social group. On the other hand, from the point of view of sales targets and other economic indicators, that retailers use to build their strategies upon, it can be understood how this “disease” is increasing, transforming consumerism into a real national (with international reach) pandemic. The profit of large retail companies has shown that in peace time (without war, cataclysms, or other adverse events), retail companies know how to manage their business and, above all, understand how to influence buyer behaviour. Under Covid pandemic threats potential customers’ access to physical premises had been restricted, therefore retail companies swiftly adapted to the Governmentally influenced change of buying patterns by increasing online accessibility. We have investigated through a quantitative analysis how pandemic procurement and consumption trends varied under these circumstances. Our research showed results that we found easy to predict, but difficult to explain from an economic point of view, mainly due to the psychological impact external factors played in general economy.

Keywords

Buying Behaviour, Consumerism, Consumer Behaviour, Pandemic Buying Habits
User
Notifications
Font Size

  • Performant (2021). When do Romanians buy more, Retrieved October 10, 2021 from https://ro.2performant.com/?gclid=CjwKCAjwzaSLBhBJEiwAJSRokuovacpo2HB735kL7dBIui9ebtBLkYS7pS58t_WOyXeOjMDXS4p-AxoCRjMQAvD_BwE
  • Economedia (2021). The group announces revenues of 8.93 billion lei in the region / Dante International Profit: 107 million lei, Retrieved October 10, 2021 from https://www.google.com/search?client=firefoxb-d&q=google+translate.
  • Hall, M. C., Prayag, G., Fieger, P. & Dyason, D. (2020). Beyond panic buying: consumption displacement and COVID-19, Journal of Service Management, 32(1), pp. 113-128, https://doi.org/10.1108/JOSM-05-2020-0151
  • Mead, J. A., Richerson, R. & Li, W. (2020). Dynamic right-slanted fonts increase the effectiveness of promotional retail advertising, Journal of Retailing, 96(2), pp 282-296, https://doi.org/10.1016/j.jretai.2019.10.002
  • Naeem, M. (2020). Understanding the customer psychology of impulse buying during COVID-19 pandemic: implications for retailers, International Journal of Retail & Distribution Management, 49(3), pp. 377-393, https://doi.org/10.1108/IJRDM-08-2020-0317
  • Ozlem, K. (2019). Shopping Habits in the Fashion Area (Case of Romania). Paper presented at the Conference: XIII. International Turkic Culture, Art and Protection of Cultural Heritage Symposium/Art Activity “Turkey-Romania Relations”, Constana, Romania.
  • Roggeveen, A. L. & Sethuraman, R. (2020), How the COVID pandemic may change the world of retailing, Journal of Retailing, 96(2), pp. 169-17, https:// doi.org/10.1016/j.jretai.2020.04.002
  • Sheth, J. (2020). Impact of covid-19 on consumer behaviour: will the old habits return or die?, Journal of Business Research, Vol. 117, pp. 280-283, https://doi.org/10.1016/j.jbusres.2020.05.059
  • Startup Cafe (2021). Romanians made 5.6 billion euros online shopping last year. The most bought products and the top of online stores, Retrieved October 15, 2021 from https://www.startupcafe.ro/marketing/cumparaturi-online-romania-magazin.htm
  • Statista.com (2021). Distribution of monthly consumption expenditure in Romanian households in 2020, by type of expenditure, Retrieved October 11, 2021 from https://www.statista.com/statistics/1139320/romania-consumption-expenditure-inhouseholds-by-type/#statisticContainer
  • Tasene, T. & Ciacu. N. (2010). The impact of economic crisis on consumerism culture. Annals of the „Constantin Brancusi” University of Targu Jiu, No. 2/2010

Abstract Views: 249

PDF Views: 141




  • Post Pandemic Buyer Behaviour

Abstract Views: 249  |  PDF Views: 141

Authors

Alina-Nicoleta Birsan
Bucharest University of Economic Studies, Romania
Raluca-Elena Ghinea
Bucharest University of Economic Studies, Romania
Robert-Andrei Costache
Bucharest University of Economic Studies, Romania
Cristina State
Bucharest University of Economic Studies, Romania

Abstract


Romanian economy has been, for almost two decades now, based on consumption. Thus, private consumption has become a vital element in supporting national economy and everyday life, with peaks and lows. Numerous studies have documented the Romanian consumer’s behaviour and purchasing trends, concluding that Romanians are more than just customers, rather “patients”. Big retail chains have become “the main cause” for their illness, called consumerism. Before the pandemic, Romanian customers chose to acquire goods that they did not need, just because they were trending or because it brought them a boost of image within their social group. On the other hand, from the point of view of sales targets and other economic indicators, that retailers use to build their strategies upon, it can be understood how this “disease” is increasing, transforming consumerism into a real national (with international reach) pandemic. The profit of large retail companies has shown that in peace time (without war, cataclysms, or other adverse events), retail companies know how to manage their business and, above all, understand how to influence buyer behaviour. Under Covid pandemic threats potential customers’ access to physical premises had been restricted, therefore retail companies swiftly adapted to the Governmentally influenced change of buying patterns by increasing online accessibility. We have investigated through a quantitative analysis how pandemic procurement and consumption trends varied under these circumstances. Our research showed results that we found easy to predict, but difficult to explain from an economic point of view, mainly due to the psychological impact external factors played in general economy.

Keywords


Buying Behaviour, Consumerism, Consumer Behaviour, Pandemic Buying Habits

References





DOI: https://doi.org/10.23874/amber%2F2023%2Fv14%2Fi1%2F220788