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NOP World today announced results of its Culture Score "Bargain Hunting" Index, offering a global perspective on consumer attitudes about getting good deals and buying on sale. Brazil outranks 30 other countries to hold the top spot on the Index.
The Bargain Hunting Index compares the average of two dimensions in each country surveyed: The percent of individuals "who feel really satisfied with themselves, even excited, when they get a really good deal" and the percent of individuals "who always try to buy things on sale," with the global average for each question at 78% and 54%, respectively.
Brazilian consumers top the list, with 96% getting excited when they get a good deal and 89% attempting to always buy things on sale.
The United States ranks second, with 86% of Americans saying they feel excited about getting deals and 78% seeking sales.
South Africans round out the top three, with 87% excited by good deals and 74% always looking to buy items on sale.
In contrast, Russia, Japan and Poland fall to the bottom of the list. While at least 75% of Russian, Japanese and Polish consumers agree that good deals make them feel really satisfied and even excited, less than 25% of consumers in each of these countries say they always try to buy items on sale.
"It is clear from the data that good deals are a universal pick-me-up," explains Paul Leinberger, Senior Vice President/Global Director, Market Opportunity Center of Excellence.
"However, when it comes to buying on sale, cultural norms, as well as societal and marketplace realities, come into play. In countries such as Brazil and the US, consumers have been trained to expect and demand sales. In contrast, in Poland, Russia and Japan, sales are harder to come by, and the quality of items on sale can be questionable."
The complete findings of the Culture Score(TM) "Bargain Hunting" Index are as follows:
-------------- % who agree ---------------
index of average I feel really I always try satisfied with myself, to buy things even excited, when I on sale get a really good deal
Total Global 100 78 54
Brazil 140 96 89 USA 124 86 78 South Africa 122 87 74 Venezuela 121 92 68 Turkey 120 92 66 Canada 114 83 67 Philippines 114 89 61 Egypt 113 98 51 Argentina 111 90 57 Australia 110 86 59 Indonesia 105 86 52 UK 104 84 53 Spain 104 84 53 France 102 88 46 Taiwan 100 68 64 Mexico 100 81 51 Thailand 99 65 66 Germany 95 59 67 Saudi Arabia 95 81 45 Italy 90 74 45 Singapore 86 61 53 South Korea 86 60 54 India 86 79 35 Hong Kong 85 57 55 China 85 64 48 Czech Republic 83 67 43 Sweden 83 66 43 Hungary 80 72 34 Poland 80 81 24 Japan 79 81 23 Russia 73 75 21
The Culture Score Index Series is based on further analysis of the NOP World Roper Reports Worldwide survey, which includes in-depth personal interviews with more than 30,000 people, ages 13 to 65 across 31 countries.
A leading supplier of syndicated and custom research, NOP World is a wholly owned subsidiary of UK-based United Business Media. Through industry-specific business units, it offers focused expertise across 6 areas-automotive, business and technology, consumer and retail, financial services, health and media.
Industry specialists are supported by five Centers of Excellence. Four focus on the key stages of the marketing cycle- Market Opportunity, Brand Strategy, Marketing Effectiveness and Customer Management. The fifth-NOP World's Research Center of Excellence-provides best-in-field research design, methodologies and analytics.
United Business Media is a leading provider of business-to-business media solutions. Its products and services help companies around the world meet their market information needs.
In addition to NOP World, UBM's businesses include PR Newswire, the world's leading corporate news distribution service, and CMP, the business-to- business, media and exhibition group operating in focused market sectors, including high-tech, healthcare, property, entertainment, jewelry and fashion in the US, UK, Asia and Europe.
United Business Media www.unitedbusinessmedia.com
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