Catalogue shopping - a new form of buying and selling in Singapore
Catalogue shopping and other forms of in-home shopping are likely to be trends in the late 1990s in Singapore. As the country progresses, Singaporeans become more affluent and the pace of life becomes taster. Time has to be allocated not only to work, but to family and leisure activities as well....
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Main Authors: | , , |
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Other Authors: | |
Format: | Final Year Project |
Language: | English |
Published: |
2015
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Subjects: | |
Online Access: | http://hdl.handle.net/10356/63952 |
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Institution: | Nanyang Technological University |
Language: | English |
Summary: | Catalogue shopping and other forms of in-home shopping are likely to be trends
in the late 1990s in Singapore. As the country progresses, Singaporeans become more
affluent and the pace of life becomes taster. Time has to be allocated not only to work,
but to family and leisure activities as well. Catalogue shopping allows consumers to
save time on trips to retail stores. Hence, it might be one of the new ways to shop for
busy Singapore consumers in the future.
No study has yet been conducted locally to understand the catalogue sales
business in Singapore and very little study has been done to examine the purchasing
behaviour of catalogue shoppers. Most of the research on the topic is conducted in the
United States. Therefore, this study was carried out to determine the feasibility of
catalogue shopping in Singapore and the factors that influence catalogue purchases. It
also aims to explore the types of products suitable to be sold through catalogues, as well
as to assess the future of the catalogue sales business.
In the study on the local catalogue sales business, it was found that the mail
order houses vary widely in company size. Most of them rely heavily on the credit card
companies and banks for the mailing lists, though in recent years, some mail order
houses have made attempts to reduce the reliance. Some of the factors that could
affect the mail order houses' performance include competition from retailers, the
country's economy, technology, postage costs, consumers' awareness and familiarity
towards catalogue shopping, the Green Movement, availability and sourcing of new
products. Due to the different strategies employed, the mail order houses were found to differ greatly in their estimation of the market potential and expectations of their
business growth.
The survey also showed that catalogue shoppers had certain distinct
demographic characteristics. Catalogue shoppers tend to be males in the higher income
group, that is, earning above $2,000 a month. The greatest motivating factor for people
to shop through catalogues was convenience. The inability to inspect products' were
found to be the most important risk associated with catalogue purchases. Watches were
found to be the most popular item for purchases made through catalogues in Singapore.
On the whole, the mail order houses and consumers are rather positive of the
industry's performance in the future. Both felt that the outlook for the mail order
industry for the coming year is favourable. |
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