The shooting prices of the products are very well effecting the retailers, in fact that is the reason they come up with offers to buy the things. But I would suggest to step to online shopping. The same product that you buy from the store will be available online with atleast a price reduction of 20% of the original price. Online Shopping is also going to be the upcoming trend in India through which the customer can buy quality products at a very cheap price sitting at his home. The product will be delivered at door step. So I would recommend each and all to utilise the ecommerce technology and go for online shopping. This is beneficial for both retailer as well as the customer. Regards, Anna George Web Analyst Nichepro Thechnologies http://www.nichesuite.com
By
Anna George, Web Analyst, NichePro Consulting LLC
| 10 28 2011 10:04:31 +0000
I had been telling people not to go out shopping as the Indian economy is in doldrums, do not take loans from any Bank, payoff your dues, concentrate and secure your own home, food for your family. Can you see the fuel prices, how can you drive a car in such a traffic? From every angle we are being screwed... :( Petrol is likely to go up to Rs.100/ liter by the year end. *There is enough food for everyone in this Earth* ~John Lennon~
By
konkan SINGHA, Head- Talent Acquisition (IT), OptedJobs
| 09 14 2011 07:50:12 +0000
Now a days due to Globalization the standard living of common man is enhancing day by day now people are much aware the International Brands they ar eready to spend their hard earned money on luxuries items we can see the purchasing power capacity of metro cities like peoples are more inclined towards brands like Mercedies BMW Audi Penthouses branded costumes & saloon.At a same time if we look at the small rowns we can find the awareness abaout the luxuries life style is a new revolution among the small towns & tier 2 cities so increase of prices is very less effective or nt able to stop people from buying theior desired things.......this trend will go on...........
By
Tejaswi Dubey, CEO, Aastha HR Solution/www.aasthahrsolutiuon.com
| 09 06 2011 12:58:13 +0000
Definetly the increse in price always tries to calculate more in order to maintian your life balance. You cannot decide like what you were doing yesterday.Given a situation like this you cannot afford to spend as you wish. This some extend restricts your spending though you like to do shopping.
By
S.Udayabhanu , Head/VP/GM-R&D, ADVIK HI-TECH PVT LTD
| 05 24 2011 14:53:04 +0000
Obviously not..but the frequency will matter..frequency of thinking will increase (e.g. what to buy or not to buy) and frequency of shopping will definitely decrease..but it won't and can't stop people from shopping..basic and essential needs will be in same position but will think twice before going for luxurious goods.. Some retailers may not increase their price as comparison to others but the waivers or the discounts will be lesser in respect to their profit margins..
By
Sourav Sengupta, Sales Officer - RAPG AUTO, ICICI Bank
| 05 23 2011 18:41:12 +0000
yes people will think twice before venturing out to buy. Is it need or requirement will support a persons decision making.
By
rohit , Sr.Planning Engr
| 05 23 2011 10:11:46 +0000
Certainly yes. If my salary remains the same and the prices keep increasing, my first preference is for food, clothing and housing. All other aspects will face the axe. The reasons for the shops to be overcrowded is not because the people are stopping from shopping but due to the ever increasing population
By
Raju V P, Senior Manager, an International Bank
| 04 18 2011 17:25:36 +0000
WETHER IT IS INFLATION OR DEFLATION IT ALL DEPENDS ON THE ECONOMIC TERM CALLED RESPONSIVENESS TO THE PREVAILING SITUATION. CUSTOMERS GENERALLY TEND TO B INDIFFERENT NOT IN PROCRASTINATING SHOPPING BUT IN CHOOSING BEST ALTERNATIVE / ALTERNATIVES AVAILABLE. THE SO CALLED DEMAND CURVE WHICH EXPLAINS THAT WHENEVER PRICES ARE SPIRAL IN NATURE THERE WILL B FALL IN DEMAND FOR THE GOODS. BUT THE PRESENT DAY DEMAND CURVE POSITION WILL B SOMETIME VERTICAL / HORIZONTAL AND SOME TIME FLEXIBLE AND SO ON AND SO FORTH. AS FOR ECONOMY IS CONCERN IT IS A PARADOX. I.E WHAT IS TRUE FOR AN INDIVIDUAL NEED NOT B TRUE FOR THE ECONOMY AS A WHOLE.
By
sudhakar , BUSINESS CONSULTANT
| 04 18 2011 16:28:19 +0000
You cant leave in hunger...and stop buying... According to economist theory...it is right that when prices high, salary gets high, inflation incremented and development increases..you will work hard but u wont prefer to die in crisis... Applicable only for those who believe in standard of living
By
Swati Sevlani, Journalist, Author, Poet, Photographer and Artist
| 03 18 2011 13:32:18 +0000
Definitely it has effect of sales dropping, those who were buying more than a pair may cut down to one or two pairs, those who are shopping for one or two pairs may space their purchases for longer periods. This will definitely cause a dent in the profits of the retailers. They have to think of other ways of meeting the tax burden.
By
kanukurthy sudershanrao, Operations Manager, Andhra Bank
| 03 16 2011 15:22:12 +0000
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We hear very strong voices saying that the prices are going up and up. But the number of shoppers and buying trend are also increasing, this is because one finds ways and means to buy also the seller finds ways and means to sell. The seller gives discounts, attractive schemes and attract the buyer. The buyer also adopts such means like finding the best at best price etc, so I don't think the price rise has put down the shopper. As the price increases the income of the buyer is also is increasing. At he moment the Indian consumer has the purchasing power.
By
Shashi Kumar U, Manager accounts & commercial, Mazda Concrete Products Pvt Ltd
| 09 16 2011 10:55:48 +0000
its depends on the passion of the buyer, if he wants to but an thing during particular period of time surely he wil goin to buy.... but usually some ppl postpone most expensive goods. Ricky from Nichesuite
By
ricky P, SMM exeutive,
| 09 16 2011 10:47:00 +0000
Not exactly. Buying is a necessity and that comes at any given cost. Has the consumption of petrol ever dropped vis-a-vis increased cost of petrol and machine. If the increased cost were to get stabilized by decreased consumption, then why there would be inflation. Inflation treads in only when consumption persists despite high price.
By
Peeyush Chauhan, Associate/Sr. Associate -(Technical)
| 09 11 2011 03:20:36 +0000
In my University life,the best rice was Rs100 to 120 / quintol, at present we are paying Rs 100/- for 2kg rice and like all other commodities, people has to buy.
By
R N Bhattacharyya, Freelancer, Freelancer
| 09 07 2011 08:01:16 +0000
i dont think so.. increase in the price will not really matters for a buyer. if the buyer is in need or passionate about the quality he will not see the price. cost of living and purchasing power are in progressive way. it may cause some problems to high end products.(http://apps.facebook.com/shopwithnichesuite/?ref=ts)
By
ricky P, SMM exeutive,
| 09 05 2011 11:47:10 +0000
But it certainly changes the shopping patterns. Out goes luxury and on the spot shopping urges, And in comes value shopping. That is unless you require something desparately and cant do without it, you wont end up buying it.
By
Jaygopal Raghavan, Marketing Manager, Landmark Group
| 04 18 2011 06:52:29 +0000
Price rises due to demand, therefore, does not affect the spirit of buyer. The price hike is always like a wave. Some people wait the price come to its toe. It is true that the purchase power of common people increased which is again supplemented by soft bank loans.
By
Santosh Kumar Mohanty, Civil Engineer-Municipal, Sambalpur University
| 03 20 2011 02:44:31 +0000
Price rises due to demand, therefore, does not affect the spirit of buyer. The price hike is always like a wave. Some people wait the price come to its toe. It is true that the purchase power of common people increased which is again supplemented by soft bank loans.
By
Santosh Kumar Mohanty, Civil Engineer-Municipal, Sambalpur University
| 03 20 2011 02:43:23 +0000
Need dictates not the money. A cigar smoker never stops, Pan chewer will chew, Coffee/Tea enthusiast never stop etc. It is the addiction (the repeated use) & the need, tempts one to go for buy.
By
KALIYAMOORTHY , Oil & Gas Area Coordinator, Undisclosed
| 03 17 2011 14:51:25 +0000
People will not stop buying what they want to buy .that is the reason real estate has been increasing to abnormal rates similarly for all commodities ..
By
Vidhu Dar, CEO/MD/Director, Shiva's Retreat
| 03 16 2011 17:46:21 +0000
NO, now a days in todays scenario its hardly matter bcoz nw people are ready to expend as per their choices preferences & need.The purchasing power is increasing but at the same time it is also very much important to have the proper quality abt any product & the customer satisfaction than only hike of prices hardly matter for any customers....
By
Tejaswi Dubey, CEO, Aastha HR Solution/www.aasthahrsolutiuon.com
| 03 16 2011 13:35:59 +0000
No, because basic need we have to buy either price increase or decrease. I observed that every thing is became our basic need. People are buying in more or less quantity. People will talk also about rising price effect still they will buy.....
By
Virag Shah, Confidential
| 03 16 2011 13:01:27 +0000
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