Qualitative analysis of customer behavior in the retail industry during the COVID-19 pandemic: A word-cloud and sentiment analysis approach
Liana Stanca,
Dan Cristian Dabija and
Câmpian, Veronica
Journal of Retailing and Consumer Services, 2023, vol. 75, issue C
Abstract:
The COVID-19 pandemic caused a paradigm shift in customer behavior within the retail industry. Pandemic-induced restrictions and fear of product scarcity led to a change in purchasing frequency, with customers stockpiling non-perishable products such as basic foods and hygiene items. Media and social networks also played a significant role in fueling panic-buying behavior. Although sales decreased, consumption in all food categories increased due to the closure of restaurants and the need to prepare meals at home. The pandemic had a significant impact on both customers and retailers, resulting in staff reductions and a change in business strategies.
Keywords: Customer behavior; Retail industry; COVID-19 pandemic; Qualitative analysis; Business strategies (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (5)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joreco:v:75:y:2023:i:c:s0969698923002941
DOI: 10.1016/j.jretconser.2023.103543
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