Inside the Mind of the Shopper: The Science of Retailing

Author:   Herb Sorensen
Publisher:   Pearson Education (US)
ISBN:  

9780137126859


Pages:   256
Publication Date:   04 June 2009
Replaced By:   9780134308920
Format:   Hardback
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

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Inside the Mind of the Shopper: The Science of Retailing


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Overview

What do you really do when you shop? The answers are fascinating and, for retailers, they're cash in the bank. In Inside the Mind of the Shopper: The Science of Retailing, world-renowned retail consultant Dr. Herb Sorensen, Ph.D. uncovers the truth about the retail shopper and rips away the myths and mistakes that lead retailers to miss their greatest opportunities. Every year, says Sorensen, shoppers will spend a quadrillion seconds in supermarkets and they'll waste 80% of that time. Sorensen analyzes consumer behavior–how shoppers make buying decisions as they move through supermarkets and other retail stores–and presents powerful, tested strategies for designing more effective stores, improving merchandising, and driving double-digit sales increases. He identifies simple interventions that can have dramatic sales effects, and shows why many common strategies simply don't work. You'll learn how to appeal to the ""quick trip"" shopper; make the most of all three ""moments of truth""; understand consumers' powerful in-store migration patterns; improve collaboration between manufacturers and retailers; learn the lessons of Stew Leonard's and other innovators; and much more. Then, in Part II, Sorensen presents revealing interviews with several leading in-store retail experts, including crucial insights on using technology and retailing to multicultural communities.

Full Product Details

Author:   Herb Sorensen
Publisher:   Pearson Education (US)
Imprint:   Financial TImes Prentice Hall
Dimensions:   Width: 15.60cm , Height: 2.20cm , Length: 23.30cm
Weight:   0.470kg
ISBN:  

9780137126859


ISBN 10:   0137126859
Pages:   256
Publication Date:   04 June 2009
Audience:   Professional and scholarly ,  Professional & Vocational
Replaced By:   9780134308920
Format:   Hardback
Publisher's Status:   Out of Print
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

Table of Contents

Author's Notes and Acknowledgments     xv About the Author     xxi Preface: Rethinking Retail     1 Introduction: Twenty Million Opportunities to Buy     5   Part I: Active Retailing     23 Chapter 1: The Quick Trip: Eighty Percent of Shopper Time Is Wasted     25 Chapter 2: Three Moments of Truth and Three Currencies     47 Chapter 3: In-Store Migration Patterns: Where Shoppers Go and What They Do     69 Chapter 4: Active Retailing: Putting Products into the Path of Shoppers     97 Chapter 5: Brands, Retailers, and Shoppers: Why the Long Tail Is Wagging the Dog     113   Part II: Going Deeper into the Shopper's Mind     131 Chapter 6: The Quick-Trip Paradox: An Interview with Unilever’s Mike Twitty     133 Chapter 7: Integrating Online and Offline Retailing: An Interview with Professors Peter Fader (The Wharton School) and Wendy Moe (University of Maryland)     147 Chapter 8: Multicultural Retailing: An Interview with Emil Morales, Executive Vice President of TNS Multicultural     161 Chapter 9: Insights into Action: A Retailer Responds: An Interview with Mark Heckman of Marsh Supermarkets     179   Part III: Conclusions     189 Chapter 10: The Internet Goes Shopping     191 Chapter 11: Game-Changing Retail: A Manifesto     199   Part IV: Appendix     205 Appendix: Views on the World of Shoppers, Retailers, and Brands     207   Index     213  

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Author Information

Herb Sorensen is a preeminent authority on observing and measuring shopping behavior and attitudes within the four walls of the store. He has worked with Fortune 100 retailers and consumer packaged-goods manufacturers for more than 35 years, studying shopper behavior, motivations, and perceptions at the point of purchase. Sorensen’s patented shopper-tracking technology PathTracker® is helping to revolutionize retail marketing strategies from a traditional “product-centric” perspective to a new “shopper-centric” focus. As Baseline magazine commented, “Herb Sorensen and Paco Underhill are the yin and yang of observational research.”   Herb has conducted studies in North America, Europe, Asia, Australia, and South America. His research has been published in AMA’s Marketing Research, The Journal of Advertising Research, FMI Advantage Magazine, Progressive Grocer, and Chain Drug Review, and he has been utilized as an expert source for The Wall Street Journal, Supermarket News, and BusinessWeek. Additionally, he is currently a panelist of Retail Wire’s “Brain Trust.”   Herb was named one of the top 50 innovators of 2004 by Fast Company Magazine, and shared the American Marketing Association’s 2007 EXPLOR Award for technological applications that advance research, with Peter Fader and his group at the Wharton School of Business of the University of Pennsylvania. Herb has a Ph.D. in Biochemistry.  

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