Purchasing fast-moving consumer goods (FMCG) in Europe is largely driven by factors other than price, according to the latest insights from Kantar Media's 'TGI Europa' study of shoppers in Britain, Germany, France and Spain.
The shopper behaviour segmentation revealed that, even though two groups of shoppers are predominantly driven by price - 'Strategic Savers' and 'Promiscuous Purchasers' - these account for only around one third of shoppers. With almost two-thirds of shoppers motivated primarily by other factors, it is clear that supermarket price wars do not impact most shoppers.
Shopping motivations in Europe are a complex mix, and it is undoubtedly critical for brands and retailers to understand the bias in shopper types by market. Key highlights from the study included:
"The world of FMCG shopping is hugely competitive, causing brands and retailers to embark upon price-based promotions and in some countries create price wars. No-one is immune from commercial difficulties, as some of the most established retailers have been finding in recent years," concluded Anne Benoist, director for Kantar Media TGI. "It is therefore more important than ever that brands and retailers understand the different types of shoppers that exist across Europe and tailor their offer to appeal to the very different motivations that drive each group's shopping behaviour. When sales are under threat cutting prices is seen by many as a quick fix, but the reality is that it will probably only sway a minority of shoppers."
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