MARKETING APPROACHES TO THE CREATION OF NEW FORMATS OF TRADE

Authors

DOI:

https://doi.org/10.29038/2786-4618-2023-04-174-182

Keywords:

trade format, marketing approaches, green trade, type of stores «Vape Shop».

Abstract

The article analyzes modern trade formats (hypermarket, supermarket,boutique, convenience store, deli, department store, warehouse store, secondhand, cash&carry), notes the influence on the change of trade formats in Ukraine under the influence of it, investigates the development of shops of the «Vape Shop» type, based on the analysis of foreign literature sources, describes examples of the successful application of modern marketing approaches to the creation of new trade formats: facial recognition , virtual reality, experimental stores, the role of franchising in the creation of new formats of trade is substantiated and it is emphasized that the use of social networks is a powerful marketing tool for franchise business, significant attention is paid to the issue of green trade and its impact on consumers, the impact of investments in private entrepreneurship and trade in particular is shown, it  was emphasized that one of the key areas where entrepreneurs use artificial intelligence is personalization. AI enables the analysis of large volumes of consumer data and the creation of personalized recommendations that help increase sales and improve the customer experience.a conclusion is drawn about the expediency of applying new marketing approaches in the practice of domestic trade.

References

Hoots K., Sherman M. How to open a vape shop: a guide to online vape selling. Merchant Maverick Small Business Made Easy. 2023. URL: https://www.merchantmaverick.com/how-to-sell-vape-products/

Braak D. С., Cummings M. K., Nahhas G. J., Heckman B. W., Borland R., Fong G. T., Hammond D., Boudreau C., McNeill A., Levy. D. T., Shang C. Where Do Vapers Buy Their Vaping Supplies? Findings from the International Tobacco Control (ITC) 4 Country Smoking and Vaping Survey. National Center for Biotechnology Information. URL: https://pubmed.ncbi.nlm.nih.gov/30691091/

Symonenko K. (2022). Vplyv viiny na internet-torhivliu: yak zminiuvalysia onlain-prodazhi riteileriv protiahom I pivrichchia 2022 roku. Asotsiatsiia riteileriv Ukrainy. [The impact of war on online commerce: how online sales of retailers changed during the first half of 2022]. [Association of Retailers of Ukraine]. URL: https://rau.ua/novyni/vpliv-vijni-na-internet/[in Ukrainian].

Lysa S. S. (2017). Klasyfikatsiia formativ ta osoblyvostirozvytku rozdribnoi torhivli Ukrainy. Hlobalnita natsionalni problemy ekonomiky. [ Classification of formats and peculiarities of the development of retail trade in Ukraine]. [Globality and national economic problems].V.15. P. 254–258. URL: http://journals-lute.lviv.ua/journal/20_2017/22.pdf [in Ukrainian].

Hushtan T. V. (2016). Typy i formaty v rozdribnii torhivli: teoretychni aspekty. Pidpryiemnytstvo i torhivlia. Types and formats in retail trade: theoretical aspects. Entrepreneurship and trade. V. 20. P. 110–116. URL: http://journals-lute.lviv.ua/journal/20_2017/22.pdf [in Ukrainian].

Waiterless Automated Restaurants. TREND HUNTER. 2013. URL: https://www.trendhunter.com/trends/automated-restaurants

Aviso A., Brophy M. Virtual Reality (VR) in Retail: 2023 Guide With Examples. Fit Small Business. 2023. URL: https://fitsmallbusiness.com/virtual-reality-in-retail/

Virtual reality in retail:11 use cases, benefits, and adoption practices. Itransition. 2023. URL: https://www.itransition.com/virtual-reality/retail

FindLaw's team. Examples of Franchise Businesses. FindLaw. 2022. URL: http://surl.li/mdjxa

Katherine K. P. 2023 Economic Outlook Shows Franchise Job and Unit Growth Trends Ahead of Pre-Pandemic Levels. PR Newswire. 2023. URL: https://cutt.ly/MwQeafJp

Bensoussan E. 10 Best Franchise Marketing Examples and ideas in 2023. NorthOne. 2023. URL: https://www.northone.com/blog/franchise/franchise-marketing

Karthikeyan A., Bajj A. Marketing Strategies of Baskin-Robbins: The Joy of 31. StartupTalky. 2023. URL: https://startuptalky.com/baskin-robbins-marketing-strategies/

Dyma V.V. (2019). Mizhnarodnyi dosvid zastosuvannia stymuliuiuchykh mekhanizmiv rozvytku «zelenoi»ekonomiky. Vcheni zapysky TNU imeni V.I. Vernadskoho. Seriia : Derzhavne upravlinnia. Dyma V.V. [International experience in the application of stimulating mechanisms for the development of the "green" economy]. [Academic notes of TNU named after V.I. Vernadskyi. Series: Public administration]. 2019.№ 6. V.30(69). P. 39–45. [in Ukrainian].

What is green trading? Capital Com. URL: http://surl.li/mflow

IKEA: leading the way in sustainability. DGB Group. 2023. URL: https://cutt.ly/4wQcXZrK

Shana L. The State of AI in 9 Charts. Stanford University. 2022. URL: https://hai.stanford.edu/news/state-ai-9-charts

Case Study: Zara’s Comprehensive Approach to AI and Supply Chain Management. AI Expert Network. 2023. URL: https://aiexpert.network/case-study-zaras-comprehensive-approach-to-ai-and-supply-chain-management/

Dzhonston K. Amazon vidkryla pershyi supermarket bez kas i prodavtsiv. BBC News Ukraina (2018). Dzhonston K. [Amazon opened the first supermarket without cash registers and sellers. BBC News Ukraine] URL: https://www.bbc.com/ukrainian/news-42787379 [in Ukrainian].

Alexander S. G. What is Facial Recognition? TechTarget. 2023. URL: http://surl.li/mihyi

Published

2024-01-23

Issue

Section

Entrepreneurship trade and exchange activities

How to Cite

[1]
2024. MARKETING APPROACHES TO THE CREATION OF NEW FORMATS OF TRADE. Economic journal of Lesya Ukrainka Volyn National University. 4, 36 (Jan. 2024), 174–182. DOI:https://doi.org/10.29038/2786-4618-2023-04-174-182.