People are more savvy than ever
before about the ways shops get them to spend their money, but the retailers
are always coming up with new tactics.
Why are sweets and chocolate always
by the till in supermarkets? Why do they put the everyday essentials like bread
and milk at the back of shop so you have to walk through as many aisles as
possible to reach them?
Why is the perfume and jewellery
section always at the front of a department store?
Why do some shops have low
lighting? Why in Ikea do you have to do a loop of the whole shop rather than
being able to get straight to the bit you actually want?
Many of us will have realised the
tricks that retailers use to get us impulse buying, but it doesn't stop us.
"We're all children when it
comes to shopping," says money saving expert Martin Lewis.
"We have to remember that
shops will try to trick us into thinking we're getting something for less money
when we're not. It's their job to make money and it's your job to stop them
making money."
The findings of the BBC Lab
UK Big Money Testreveal the impact spur-of-the-moment buys have on our
finances, having a greater impact on our ability to make ends meet than
financial knowledge, education, income and social class combined.
Part of the problem is retailers
are always coming up with new ways to get us to spend. Here are some of them.
Instead of constantly tidying the
shop floor, some shop assistants are strategically messing things up. It's a
tactic to make items appear popular, as if lots of people have been looking at
them and they are a must-have.
It works well on younger shoppers.
Under-21s are the most likely to make an impulse purchase, according to the Big
Money Test.
Young people are also hugely
influenced by what others are buying, says Philip Graves, consumer behaviour
expert and author of Consumer.ology.
"They are seeking a sense of
their own identity distinct from their parents. They are looking to affiliate
with others they think are like them."
The problem for teenagers has a
biological as well as social explanation.
"The part of the brain that's
responsible for impulse control doesn't develop fully until your early
20s," says one of the Big Money Test's designers, Mark Fenton-O'Creevy, a
professor of organisational behaviour with the Open University.
A consequence of the country's
current financial woes is that shoppers want to feel they are getting value for
money, even if they haven't personally experienced any change in their income
or lifestyle, says Graves.
"The constant media message
that money is tight has created an unconscious wariness among consumers."
People want value but also want to
feel good about what they buy, say consumer psychologists.
"When money is tight it's not
just about buying the cheapest thing out there," says Joseph Staton,
director of GfK Consumer Trends.
Read more
on... Shopping: The New Tactics To
Get You Spending
Author: Denise
Winterman

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