KnE Social Sciences
ISSN: 2518-668X
The latest conference proceedings on humanities, arts and social sciences.
Impact of Panic Purchases on Unplanning Purchases in Retail Store
Published date: Oct 30 2023
Journal Title: KnE Social Sciences
Issue title: 5th Social and Humaniora Research Symposium (5th SoRes)
Pages: 1055–1065
Authors:
Abstract:
The study investigates the impact of panic buying on unplanned purchases at retail stores. Employing a quantitative approach with explanatory research, 210 respondents were surveyed to explore the relationship between panic purchases (independent variable) and unplanned purchases (dependent variable). The data analysis was conducted using the SPSS program version 26.00, and simple linear regression was applied. The findings demonstrate that panic purchases significantly influence unplanned purchases at retail stores. The anxiety and fear experienced by the community during the pandemic regarding their household necessities trigger panic buying. As a result of the urgency to fulfill daily needs and the availability of goods, individuals tend to engage in unplanned purchases when shopping at retail stores. The study highlights the connection between panic buying behavior and the tendency for unplanned spending in the context of retail shopping during times of heightened uncertainty and perceived scarcity.
Keywords: panic purchases, unplanning purchases, retail store
References:
[1] Harahap DA. “Virus Corona dan Panic Buying yang Impulsif,” Radar Bandung, no. April, Bandung. 2020 Apr 6: https://doi.org/10.13140/RG.2.2.24571.64809
[2] Harahap DA. “Tren Panic Buying Yang Terpaksa Membeli,” Majalah SWA, Jakarta. 2022 Mar:1. https://doi.org/10.13140/RG.2.2.23164.62084
[3] Harahap DA. “Membaca Karakter Konsumen Ketika Panic Buying, Brand or Product Utility? ” Majalah Marketeers, Jakarta. 2022 Mar:1. https://doi.org/10.13140/RG.2.2.36731.39202
[4] Maharani N, Helmi A, Mulyana A, Hasan M. “Customer value and intention to buy private label products,” Proceedings of the Social and Humanities Research Symposium (SORES 2020), https://doi.org/10.2991/assehr.k.210617.021
[5] Harahap DA, Amanah D. Perilaku Belanja Online di Indonesia: studi Kasus [ JRMSI]. Jurnal Riset Manajemen Sains Indonesia. 2018;9(2):193–213.
[6] Harahap DA, Amanah D. “Memahami Impulsif Buying Dalam Proses Keputusan Pembelian Konsumen,” Jurnal Manajemen dan Bisnis (Performa). 2022;19(1):31–55. https://doi.org/10.29313/performa.v19i01.9719.
[7] Chen J. “Panic Buying,” Technical Analysis Basic Education, https://www.investopedia.com/terms/p/panicbuying.asp
[8] Gazali HM. The Covid-19 pandemic: Factors triggering panic buying behaviour among consumers In Malaysia. Labuan Bulletin of International Business & Finance. 2017;18(1):84–95.
[9] Keane M, Neal T. Consumer panic in the COVID-19 pandemic. Journal of Economics. 2021 Jan;220(1):86–105.
[10] Arocas RL, Pardo IQ. El modelo de compra AC B. Una nu eva conceptualización de la compra por impulso. Esic Market. 2000;106(Agosto):151–163.
[11] Kollat DT, Willett RP. Is impulse purchasing really a useful concept for marketing decisions? Journal of Marketing. 1969;33(1):79–83.
[12] Amos C, Holmes GR, Keneson WC. A meta-analysis of consumer impulse buying. Journal of Retailing and Consumer Services. 2014;21(2):86–97.
[13] Rook DW. The buying impulse. Journal of Consumer Research. 1987;14(2):189.
[14] Clover VT. Relative Importance of Impulse-Buying in Retail Stores. Journal of Marketing. 1950;15(1):66–70.
[15] Beatty SE, Ferrell ME. Impulse buying: modeling its precursors. Journal of Retailing. 1998;74(2):169–191.
[16] Verplanken B, Herabadi A. Individual differences in impulse buying tendency: feeling and no thinking. European Journal of Personality. 2001;15(1 SUPPL.):71–83.
[17] Rook DW, Fisher RJ. Normative Influences on Impulsive Buying Behavior. Journal of Consumer Research. 1995;22(3):305.
[18] Rook DW, Hoch SJ. Consuming Impulses. Advances in Consumer Research. 1985;12:23–27.
[19] Iyer ES. Unplanned purchasing: knowledge of shopping environment and time pressure. Journal of Retailing. 1989;65(1).
[20] Clover VT. Relative Importance of Impulse Buying in Retail Stores. Journal of Marketing Channels. 1950;25:66–70.
[21] West CJ. Results of Two Years of Study into Impulse Buying. Journal of Marketing. 1951;15(3):362–363.
[22] Weinberg P, Gottwald W. Impulsive consumer buying as a result of emotions. Journal of Business Research. 1982;10(1):43–57.
[23] Etzioni A. “Rationality is anti-Entropic,” Journal of Economic Psychology 7. 1986;7:17- https://doi.org/10.1016/0167-4870(86)90010-3.
[24] Han YK, Morgan GA, Kotsiopulos A, Kang-Park J. Impulse buying behavior of apparel purchasers. Clothing and Textiles Research Journal. 1991;9(3):15–21.
[25] Rohandi MMA, Azis E. “Theory of planned behavior Terhadap Niat Berwirausaha Selama Pandemi Covid-19,” Jurnal Manajemen dan Bisnis Performa. 2022 Mar;19(1):1- https://doi.org/10.29313/performa.v19i01.9713
[26] Sekaran U, Bougie R. Research Methods for Business : A Skill-Building Approach, 6th Edition. United Kingdom: John Wiley & Son Ltd, 2013.
[27] Ahmed RR, Streimikiene D, Rolle JA, Duc PA. The COVID-19 pandemic and the antecedants for the impulse buying behavior of US citizens. Journal of Competitiveness. 2020;12(3):5–27.
[28] Aji AI, Trihudiyatmanto M. Covid 19 pandemic: Moderating panic buying behavior to impulse buying. Jurnal Akuntansi, Manajemen & Perbankan Syariah. 2022;2(1):19– 29.
[29] Harahap DA, Ferine KF, Irawati N. Nurlaila, and D. Amanah, “Emerging advances in E-commerce: Panic and impulse buying during the COVID-19 pandemic,”. Systematic Reviews in Pharmacy. 2021;12(3): https://doi.org/10.31838/srp.2021.3.37.