waterfront centre market research

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Presented by: Simon Hung Ying Long Benjamin Carson Gor Ng Filip Vukadinovic

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Results for Market Research at Waterfront Centre on consumers’ wants

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Page 1: Waterfront Centre Market Research

Presented by:

Simon Hung

Ying Long

Benjamin Carson

Gor Ng

Filip Vukadinovic

Page 2: Waterfront Centre Market Research

Research Situation Methodology Key Research Problems Recommendations Limitations Q&A

Page 3: Waterfront Centre Market Research

Asked by Cadillac Fairview (CF) to conduct a survey regarding shoppers at Waterfront Centre (WC) property in downtown Vancouver CF is one of North America's largest investors,

owners and managers of commercial real estate

Waterfront Centre has approximately 25 shops and services Provides convenient access to many of

downtown Vancouver’s major hotels, office complexes, shopping districts and public and private transit

Page 4: Waterfront Centre Market Research

Survey will help CF decide on future marketing, operations, leasing, and other strategies to further serve CF shoppers Compile information on market segments,

consumer behaviour, and the strategic position of CF’s competitors (e.g. Pacific Centre, Bentall Centre)

Understand the demographics of the WC customers (e.g. age, gender, income, family size)

Compile postal codes to assess whether customers are from the Coal Harbour area, Greater Vancouver, or outside of B.C/Canada

Page 5: Waterfront Centre Market Research

Conducted a focus group of 9 participants (8 female, 1 male)Most participants were administrative or

secretarial staff; some were professionals (e.g. accountants and managers)

All worked in close proximity to WC

Later conducted a mall intercept surveyCollected data on roughly 110 respondentsHalf of the data was collected on a

weekend, the other half on a weekday roughly one week

Page 6: Waterfront Centre Market Research

Security Signage Advertising and promotions Location Differentiation Types of store demanded

Page 7: Waterfront Centre Market Research

Residents' Postal Code Information

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

outside C

anada

outside B

C

Vancouve

r

North Vanc

ouver

West

Vanco

uver

BurnabySu

rrey

Coquitlam

New West

minster

Others

Page 8: Waterfront Centre Market Research
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Page 10: Waterfront Centre Market Research

Chi Value (X^2) = 0.71No contingency between two variables -

Frequency visit of satisfied with not satisfied T Test = .861Not enough evidence to show there is a

difference between these two groups

Page 11: Waterfront Centre Market Research

Chi = .72T Test = .569

Page 12: Waterfront Centre Market Research
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Page 14: Waterfront Centre Market Research

 Dissatisfie

d

Neither Dissatisfied Nor

SatisfiedSatisfiedVery

Satisfied Total<1 per year 4 5 19 3 31<1 per month 4 1 7 1 13<1 per week 1 6 6 2 15<2 per week 1 5 9 0 153-5 times per week 1 3 22 1 275 or more times per week 0 6 2 2 10Total 11 26 65 9 111

Frequency Visit x Satisfaction Directional Signage Crosstabulation

Page 15: Waterfront Centre Market Research

 Dissatisfi

ed

Neither Dissatisifeid Nor

Satisfied SatisfiedVery

Satisfied<1 per year 12.9% 16.1% 61.3% 9.7%<1 per month 30.8% 7.7% 53.8% 7.7%<1 per week 6.7% 40.0% 40.0% 13.3%<2 per week 6.7% 33.3% 60.0% 0.0%3-5 times per week 3.7% 11.1% 81.5% 3.7%5 or more times per week 0.0% 60.0% 20.0% 20.0%

Page 16: Waterfront Centre Market Research

Most people are satisfied regardless of the number of frequencies

% Dissatisfied increases as the Frequency of visits decreases

Page 17: Waterfront Centre Market Research

Satisfaction Directional Signage x Exit Watch Quotas Crosstabulation

Canada Place

Howe & Cordova

SkyTrain

Office Tower

Total

Dissatisfied

3 4 2 2 11

Neither Dissatisifeid Nor Satisfied

3 7 2 14 26

Satisfied 23 9 16 17 65

Very Satisfied

2 1 3 3 9

Total 31 21 23 36 111

Page 18: Waterfront Centre Market Research

Canada Place

Howe & Cordova

SkyTrain Office Tower

Dissatisfied 9.68% 19.05% 8.70% 5.56%Neither Dissatisfied Nor Satisfied 9.68% 33.33% 8.70% 38.89%Satisfied 74.19% 42.86% 69.57% 47.22%Very Satisfied 6.45% 4.76% 13.04% 8.33%

Page 19: Waterfront Centre Market Research

Most people are satisfied regardless of where they are coming from

More Dissatisfactions from Howe & Cordova exit

Page 20: Waterfront Centre Market Research

Seen Advertisements Participated in Promotions

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More FoodMore RetailMore Store

Page 28: Waterfront Centre Market Research

1.Not enough evidence to support investment on direct mailing to Coal Harbour

2.Don’t invest more in security

3.Invest in signage at Howe & Cordova exit

4.Invest in advertising

5.Invest in store differentiation

Page 29: Waterfront Centre Market Research

Time Collected half of the data on the weekend Survey data was collected in a short time frame (within

roughly one week) Data could be skewed due to events occurring around

WC Seasonality

Income 20% of respondents refused to disclose household

income

Age Had to be over 18 to participate in survey, thus leaving

only two ages in the 19 or under category

Convenient survey (not random)

Page 30: Waterfront Centre Market Research