Proceedings of International Conference on Multidisciplinary Engineering (ICOMDEN)
Vol. 2 (2024): Proceedings of International Conference on Multidisciplinary Engineering (ICOMDEN)

Predictive Analysis of Retail Promotion Strategies in the Context of Consumer Shopping Behavior

Ima Pratiwi (Universitas Malikussaleh)
Muhammad Fikry (Universitas Malikussaleh)
Sujacka Retno (Universitas Malikussaleh)



Article Info

Publish Date
27 Dec 2024

Abstract

In this paper, we examine the impact of various promotional strategies on consumer shopping interest, focusing on the Alfamart retail chain in Lhokseumawe City, Indonesia, which saw rapid expansion from five to fifteen stores between 2017 and 2023. Despite this growth, expected sales increases have not been met, raising concerns about the effectiveness of current promotional tactics. Utilizing multiple linear regression analysis, we investigate the influence of three specific strategies, Promo Spesial Mingguan, Serba Gratis, and Tebus Murah on shopping interest across the 15 stores. Findings reveal that Tebus Murah is the most effective strategy in boosting shopping interest, showing the smallest error margin between predictive and actual sales figures. This study provides comprehensive insights into the broader effects of promotional strategies on consumer interest, highlighting the need for Alfamart to focus on optimizing the Discounted Redemption approach to maximize sales. The predictive system developed serves as a strategic tool for identifying effective promotions, forecasting sales, calculating return on investment, and analyzing consumer behavior. Our results underscore the value of predictive analysis in refining promotional strategies, enabling Alfamart to adopt a more targeted and efficient marketing approach to enhance sales performance.

Copyrights © 2024






Journal Info

Abbrev

icomden

Publisher

Subject

Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Electrical & Electronics Engineering Engineering Industrial & Manufacturing Engineering

Description

The "Proceedings of International Conference on Multidisciplinary Engineering (ICOMDEN)" is a scientific publication that compiles innovative works from researchers, academics, and practitioners in the field of multidisciplinary engineering. This proceeding serves as a platform to present ...