Does financing affect the decreasing number of customer of grocery store?
Best insight from top research papers
Financing can indeed impact the decreasing number of customers at grocery stores. Research by rupali pramaik et al. reveals that small retail shoppers, including grocery stores, are experiencing declining sales, with 78% offering credit facilities to attract customers . Additionally, the study highlights that 98% of small shoppers attract customers by offering better quality goods, indicating a correlation between quality and customer retention . Furthermore, David A. Matsa's work demonstrates that high financial leverage in supermarket firms can lead to reduced product quality, potentially resulting in decreased customer loyalty and sales . Therefore, the interplay between financing decisions, product quality, and customer retention strategies can significantly influence the number of customers at grocery stores.
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| Papers (4) | Insight |
|---|---|
15 Nov 2012 | Not addressed in the paper. |
Open access•Posted Content | Yes, high financial leverage in the supermarket industry can lead to decreased product quality, potentially resulting in reduced customer loyalty and sales due to inventory shortfalls. |
51 Citations | High financial leverage in the supermarket industry can lead to decreased product quality, potentially resulting in customer loss due to inventory shortfalls. |
3 Citations | Not addressed in the paper. |
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