an empirical analysis to study the influence of behavioural pattern of men on formal shoes

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  • 7/30/2019 An Empirical Analysis to Study the Influence of Behavioural Pattern of Men on Formal Shoes

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    International Journal of Management (IJM), ISSN 0976 6502(Print), ISSN 0976 6510(Online),

    Volume 3, Issue 3, September- December (2012)

    72

    AN EMPIRICAL ANALYSIS TO STUDY THE INFLUENCE OF

    BEHAVIOURAL PATTERN OF MEN ON FORMAL SHOES

    Mrs. Uma V.R

    Assistant ProfessorDepartment of Commerce

    Christ UniversityBangalore, India - 560 029

    Email: [email protected]

    Dr. M. I. Saifil Ali

    Professor & Director

    School of Management (DASM)Dhaanish Ahmed College of Engineering

    Chennai - 601301

    Email: [email protected]

    ABSTRACT

    The present study attempts to present a model in which the footwear attributes are associated

    with the behavioural patterns of the consumers. The behavioural pattern of the consumers wasstudied through the AIO statements. The consumers were profiled into eleven clusters using

    factor analysis namely stylistic, confident, cautious shoppers, traditional, relaxed, optimistic,

    strivers, systematic, dominant, spiritual and stay trim. Regression scores were used to assign therespondents into the respective components that were extracted through factor analysis.

    Reliability Test and KMO Test were conducted to check the reliability and adequacy of the

    sample size. Further only those variables that qualified the collinearity test were alone subject to

    regression analysis. Through ANOVA test it was observed that significant differences existedamong the consumers within the clusters. Therefore the AIO statements were considered as

    independent variables that were regressed against ten selected footwear attributes. The study

    finds that consumers footwear preferences varied according to their behavioural patterns. Thismodel can help the retailers and manufacturers to revisit their existing strategies of targeting the

    consumers based on demography or material construction.

    Key Words: Footwear, Behavioral pattern, Regression, Lifestyle, Consumer, Clusters

    INTERNATIONAL JOURNAL OF MANAGEMENT (IJM)ISSN 0976 6367(Print)ISSN 0976 6375(Online)

    Volume 3, Issue 3, September- December (2012), pp. 72-91 IAEME: www.iaeme.com/ijm.aspJournal Impact Factor (2012): 3.5420 (Calculated by GISI)

    www.jifactor.com

    IJM I A E M E

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    International Journal of Management (IJM), ISSN 0976 6502(Print), ISSN 0976 6510(Online),

    Volume 3, Issue 3, September- December (2012)

    73

    1.1 INTRODUCTION

    With low production cost, abundant supply of raw material, evolving retail system, buying

    patterns and huge consumption market, this sector is posed to grow to great heights. India being

    a country of artisans is known for its traditional craft of footwear making. Some of the traditional

    footwear created by village craftsmen include leather chappals in Kohlapur' embroidered Juttis inJodhpur, Indo-Tibetan felt boots in Sikkim and vegetable fibre shoes in Ladakh. The industrial

    policy 1967 reserved the leather industry including footwear only for small scale sectors. It wasonly during the mid 1970s, 100% export oriented footwear units in large scale sector were

    promoted. From June 2001 onwards the Government of India de-reserved the leather sector.

    During the past four decades starting from the year 1981 1982, the export of footwear fromIndia had increased tremendously. Though India has a negligible proportion of exports in world

    trade, it is the second largest producer of footwear next to China. India accounts for 14% of the

    global annual footwear production of 14.52 billion pairs. India manufactures around 2065million

    pairs of footwear every year of which 909 million pairs are made of leather, 1056 million pairs ofnon leather footwear and 100 million pairs of shoe uppers. Nearly 70 percent of the labour

    constituting around 15 lakh people are employed in the unorganised sector majority of them arerural artisans, cottage and household units, while the organised sector accounts for remaining 30percent and employs over 5 lakh people.

    The Indian consumer markets are growing and changing rapidly in terms of its nature and

    composition. With the revolution taking place in the distribution system through entry of supermarkets, shopping malls, chain stores etc in the metros, small cities and towns the potential for

    lifestyle products have increased drastically (S L Rao, 2000). With the change in the lifestyle

    patterns among the people especially the youth, this product has also undergone a tremendoustransition in terms of its character. Though Indians have not been the ones to spend on items like

    footwear, for the past two decades due to liberalization, there has been a tremendous change in

    the buying habits of the consumers. More than sixty international brands are sourced from India.

    Most of these brands are manufactured in Agra, Kanpur or Chennai footwear clusters.

    1.2 REVIEW OF LITERATURE

    India is a country of artisans comprising of footwear clusters spread in many parts of the country.

    These clusters predominantly consist of small-scale manufacturers with skilled craftsmen, outdated technologies having less access to automation. In a developing country like India, there

    exist tremendous opportunity for combining the artisanal touch with high technology (knorringar1998). Unlike India after Liberalization the textile and footwear industries collapsed in

    Zimbabwe due to improper restructuring and low labour productivity (Carmody 1998) where as

    countries like India, Korea and Taiwan enjoy high labour productivity. The author finds the

    African market to be generally uncompetitive due to shrinking markets, low labour productivity,and poor infrastructure with poor political instability due to which foreign investment is scarce

    when compared to the Asian countries. Heather (1998) draws attention to the existence offashion consciousness of the people towards footwear even before 8000 years ago. The author

    throws light on the evolution of the bear-fur shoes that the Japanese Samurai used to wear to the

    platform sandals that is worn by people today are all due to the fashion desire. The article was

    the result of excavation of shoes dated more than 8000 years from the Missouri cave. Thecomplex weaving and design of the excavated shoes reveal that the people were fashion

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    International Journal of Management (IJM), ISSN 0976 6502(Print), ISSN 0976 6510(Online),

    Volume 3, Issue 3, September- December (2012)

    74

    conscious as we are today and specialized artisans and craftsmen existed even at that time. Thestudy by Troy (2000) stipulates the need for appropriate footwear as they are more than just

    shoes. According to the author shoes give identity and image and is also a symbol of status.

    Despite the benefits, diabetes patients refrain from purchase of therapeutic footwear as they are

    not attractive with limited colours and designs (Carolyn et al 2002, Gautham et al, 2004).

    Miranda (2009) explores the rise of Bata as a major player in the footwear sector. Post WorldWar I, the international trade in footwear took a different turn. The large footwear exporting

    countries like United States and UK gradually became worlds leading importers.

    1.3 STATEMENT OF THE PROBLEM

    Though the Indian consumers have become discerning and brand conscious, but in this sector the

    proliferation of the unorganized sector seem to be higher. The unorganized sector dominates the

    industry posing a threat to the organised players. In the organised sector , mens footwear

    accounts for only half of the total market. Therefore it is clear that only 50% - 55% of the salestake place in the organized sector even in the mens sector. Though footwear is considered as

    lifestyle enhancement product, the manufacturers and retailers have failed to understand this.Still the traditional segmentation patterns are followed in this industry, which include materialsused for construction of the footwear, usage patterns and demographics. Also there are

    innumerable literatures that focus on trade policies followed in the footwear market in

    international countries, treatment of workers in the footwear industry, therapeutic use offootwear, supply chain patterns etc but there are hardly any study that explores the consumer

    behaviour and their association towards the footwear preferences. Behavioral segmentation

    though has been used in many other products like apparels, insurance, real estate etc., but not inthe footwear sector. The present study is an attempt to fill the gap. This sector is a highly

    promising one with less knowledge about its customers.

    1.4 OBJECTIVES

    From the problems stated above the objectives have been derived as under:

    To profile men into different clusters based on their activities, interest and opinions To examine the differences that exists in the preferences towards the formal footwear

    attributes according to the consumers behavioural patterns

    1.5 STUDY AREA

    The study was conducted in Bangalore being the capital of Karnataka and a fast emerging

    metropolitan city. Further it is the third most populous city and stands fifth in the urban

    population. As on 2011 the total population of the city stood at 8,425,970. Geographically thecity is divided into 5 regions namely East, West, North, South and Central Bangalore. Bangalore

    has only 41% of local population and the rest of them belong to other states and countries

    especially from Europe. Hence, it is vivid that Bangalore has a population with diverse profiles.Therefore the city of Bangalore has been selected for the study purposively.

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    1.6 SAMPLE RESPONDENTS

    The respondents for the study include men between the age group of 20 55 yrs and between the

    income classes of Rs 12000 to Rs 200000 per month. The respondents were drawn randomly

    from the various strata of East, West, North, South and Central Bangalore. 500 men were

    selected from each stratum totaling to 2500 men. Out of the total respondents only 2074 menqualified for the study as the responses furnished by the rest of them was incomplete hence were

    eliminated.

    1.7 SURVEY INSTRUMENT

    Primary data was collected through distribution of questionnaires. The questionnaire comprisedof three sections. Section I includes 50 statements (Mitchell, A. 1983, Anderson, W.T. and

    Golden, L. 1984; Hanspal et al, 1999; Hanspal et al, 2000 ) that would help in profiling the

    customers into behavioural clusters based on the activities they normally engage in their day to

    day life, interests and opinions on certain common issues. These statements were to be rated in a7 point likert scale. Section II comprised of their demographic details and the attributes they

    expect their formal and casual footwear to possess. These attributes were arrived after anexploratory study. The exploratory study was conducted to a group of 20 members. The groupmembers comprised of consumers who belonged to different age groups. They were asked to list

    the attributes they generally preferred their footwear to possess. Eighteen attributes were listed.

    Though all the eighteen attributes were included in the instrument only ten attributes wereselected for analysis. These ten attributes were selected based on the ranking given by majority

    of the group members. These attributes were also to be rated in a 7 point likert scale. The

    instrument so constructed was pre-tested on thirty respondents to find out if the questions framedhad sufficient clarity. Then based on their suggestions the final instrument was constructed and

    administered.

    1.8 STATISTICAL TOOLS USED

    The statistical tools used for the study include Reliability Test, KMO test, Factor analysis,

    ANOVA, and Multiple Regression Analysis. Statiscal packages such as SPSS 16 and EXCELwere employed in the study.

    1.9 SCOPE

    The study will be helpful for the retailers to restructure their product offerings. The report will

    also be useful for new retailers for designing their market strategies. It also offers a scope for

    further research as there is not much study done in this area. Many international brands are

    looking out for a place of business in India, this study will help them in understanding theconsumer characteristics and the factors that influence their purchase decision. The study can be

    extended to global markets as similar purchase patterns may exist in multiple countries.

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    1.10 ANALYSIS:

    1.10.1 CONSUMER PROFILING

    For profiling the respondents on the basis of their behaviour, factor analysis was employed on

    the 50 AIO statements (See Appendix1). Initially inorder to test the reliability of these AIO

    statements, Cronbachs alpha score was computed. The Cronbachs alpha on 50 AIO statementsrevealed a score of 0.803 showing that the statements were reliable enough for further analysis.

    Also Kaiser-Mayo-Olkin (KMO) Test was conducted to measure the adequacy of sample size.The test generated a score of 0.694. Thus KMO test also proved that the samples were adequate

    enough to conduct factor analysis. On employing factor analysis 11 factors that constitutes 52%

    of the variance was considered for the study. Further for authentication Scree plot was also read.Only those factors that constituted Eigen value above 1 were considered as principal component

    analysis was employed. Varimax rotation was used to extract the factors with factor loadings

    greater than +/- 0.30.

    Table 1.1 Components with total and cumulative variance

    Initial Eigen values

    Components Total % of Variance Cumulative %

    1 5.81 11.63 11.63

    2 3.20 6.40 18.03

    3 3.07 6.13 24.16

    4 2.46 4.92 29.09

    5 1.98 3.96 33.04

    6 1.87 3.74 36.78

    7 1.68 3.36 40.148 1.56 3.11 43.25

    9 1.40 2.80 46.06

    10 1.39 2.79 48.85

    11 1.34 2.69 51.54

    As Varimax rotation was utilized, those statements which had a factor loading of 0.3 and abovewas assigned to the respective component. Further case wise regression scores were considered

    to classify each individual to the respective components. The 11 components that were extracted

    include Stylistic, Independents, Economicals, Traditional, Socialising, Globe trotters, Strivers,

    Systematic and Dominant (See Table 4.5). It should be noted that the components have beennamed according to the variable (Statement) with higher rotated factor loadings.

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    Table 1.2 Statements with Rotated Factor Loadings and assignment to respective

    components

    Components Rotated Factor

    Loadings

    Component 1: StylisticI like to spend a year in a foreign country

    I have one or more outfits that are of very latest style

    I pay cash for everything I buyI enjoy stylistic dresses

    The most important of life is to dress smartly

    I am fashionable in the eyes of others

    0.72

    0.72

    0.680.65

    0.58

    0.58

    Component 2: Confident

    I have more self confidence than most people

    As far as possible after marriage nuclear family is betterI am more independent than most people

    I have a lot of personal ability

    0.77

    0.740.71

    0.64

    Component 3: Cautious Shoppers

    I visit many shops before I finalise my salesI am active in all social functions

    I check the prices even for small items

    I watch advertisements for announcements of salesOne should bargain before a purchase

    I prefer my friends to spend when I am out on a party

    0.810.64

    0.61

    0.560.40

    0.37

    Component 4: Traditional

    Women are dependents and need mens protectionA women should not work if her husband does not like her to workLooking after the house is primarily a womans responsibility

    In the evenings, it is better to stay at home

    0.730.720.59

    0.53

    Component 5: RelaxedI drink soft drinks several times in a week

    I spend a lot of time with friends talking about brands and productsI participate in sports activities

    One should have own credit/debit cards

    0.76

    0.70-0.53

    0.43

    Component 6: OptimisticThink I will have more money to spend next year

    I want to take a trip around the world

    0.83

    0.77Component 7: StriversDoing nothing makes me feel uncomfortableI will take some courses to brighten my future

    0.770.45

    Component 8: SystematicOne should always keep the house neat and clean

    One must save for the rainy day

    A distinctive living attracts me

    0.66

    0.63

    0.52

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    Component 9: DominantFriends often come to me for advice

    Giving dowry in marriage is a tradition and cannot be done awayI would go for a walk than sit idle

    I can be considered a leader

    0.66

    0.540.52

    0.39

    Component 10: Spiritual, Diet conscious and SocialisingI eat only home food

    Spiritual values are important than material thingsI can mingle with strangers easily

    0.59

    0.580.50

    Component 11: Stay Trim (6%)I skip breakfast regularly

    I like to watch games than any other entertainment channels

    0.77

    0.71

    For the purpose of the study the AIO statements were considered as predictor variables and the

    footwear attributes were considered the criterion variables. Further only those statements thatsatisfied the collinearity test was selected. ANOVA test revealed the existence of significant

    differences among the consumers in the same component. Therefore multiple regressions wereemployed to study the association between the behavioural pattern of consumers and thepreferences towards formal footwear attributes.

    COMPONENT 1 STYLISTIC CONSUMERS

    Table 1.3: COLLINARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    I pay cash for everything I buy (Budgeted spenders) .726 1.377

    I enjoy stylistic dresses (Stylistic) .900 1.112

    The important part of life is to dress smartly (Smartly dressed) .943 1.060

    I like to spend a year in a foreign country (Foreign land) .675 1.482

    I am fashionable in the eyes of others (Fashionable) .703 1.422

    Table 1.4 Multiple Regression Analysis for Stylistic Consumers (Component 1) and Formal

    Footwear Attributes

    Variables

    FORMAL FOOTWEAR PREFERENCES

    B SE Beta t-

    value

    Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesBudgeted spenders

    Stylistic

    Smart Dressers

    Foreign land

    Fashionable

    5.23

    -1.02

    -.09

    .54

    -.35

    .89

    1.99

    .25

    .23

    .13

    .22

    .22

    -.31

    -.03

    .28

    -.13

    .31

    2.62**

    -4.1**

    -.43

    4.29**

    -1.62

    CriterionFamily

    PredictorBudgeted spenders

    Stylistic

    Smart Dressers

    Foreign land

    Fashionable

    -1.20

    -.439

    .142

    .288

    .902

    .131

    1.62

    .203

    .186

    .102

    .176

    .176

    -.163

    .052

    .186

    .400

    .056

    -.74

    -2.17*

    .76

    2.82**

    5.13**

    .74

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    4.11**

    Criterion VariableElegance

    Predictor VariablesBudgeted spenders

    Stylistic

    Smart DressersForeign land

    Fashionable

    1.19

    .26

    .01

    .03-.51

    1.01

    .60

    .08

    .07

    .04

    .07

    .07

    .18

    .00

    .04-.42

    .81

    1.98*

    3.43**

    .07

    .84-7.8

    **

    15.4**

    CriterionPosture

    PredictorBudgeted spenders

    Stylistic

    Smart DressersForeign land

    Fashionable

    -1.10

    -.015

    -.540

    -.1491.28

    .422

    1.07

    .133

    .122

    .067

    .116

    .116

    -.007

    -.228

    -.112.660

    .213

    -1.03

    -.12

    -4.41**

    -2.22*11.08

    **

    3.64**

    Criterion VariableComfort

    Predictor VariablesBudgeted spenders

    Stylistic

    Smart Dressers

    Foreign land

    Fashionable

    6.34

    .027

    -.065

    -.061

    .046

    .115

    .417

    .052

    .048

    .026

    .045

    .045

    .042

    -.09

    -.16

    .084

    .208

    15.2**

    .521

    -1.35

    -2.31*

    1.01

    2.54*

    CriterionAmbience

    PredictorBudgeted spenders

    Stylistic

    Smart Dressers

    Foreign land

    Fashionable

    .244

    .302

    .747

    .182

    -1.09

    .718

    1.35

    .169

    .155

    .085

    .147

    .147

    .127

    .307

    .133

    -.550

    .352

    .18

    1.79

    4.81**

    2.14*

    -7.48**

    4.88**

    Criterion VariableBranded

    Predictor VariablesBudgeted spenders

    Stylistic

    Smart Dressers

    Foreign land

    Fashionable

    3.98

    .465

    -.226

    -.067

    -.483

    .629

    .994

    .124

    .114

    .063

    .108

    .108

    .268

    -.13

    -.07

    -.33

    .423

    4.01**

    3.74**

    -1.98*

    -1.07

    -4.5**

    5.81**

    Criterion VariableSalesmen

    PredictorBudgeted spenders

    Stylistic

    Smart Dressers

    Foreign land

    Fashionable

    .263

    .364

    .618

    .150

    -1.09

    .787

    1.35

    .169

    .156

    .085

    .147

    .148

    .153

    .253

    .109

    -.549

    .385

    .194

    2.15*

    3.97**

    1.75

    -7.45**

    5.33**

    Criterion VariableFriends

    Predictor VariablesBudgeted spenders

    Stylistic

    Smart Dressers

    Foreign land

    Fashionable

    -1.54

    -.382

    -.051

    -.353

    .913

    .907

    1.73

    .217

    .199

    .109

    .188

    .189

    -.13

    -.02

    -.20

    .356

    .346

    -.89

    -1.76

    -.26

    -3.2**

    4.85**

    4.80**

    Criterion VariableAmenities

    PredictorBudgeted spenders

    Stylistic

    Smart Dressers

    Foreign land

    Fashionable

    11.3

    -.991

    .696

    .207

    -.785

    -.128

    1.88

    .236

    .217

    .119

    .204

    .205

    -.305

    .210

    .111

    -.289

    -.046

    6.01**

    -4.2**

    3.21**

    1.74

    -3.84**

    -.62** Significant at 1% level, * Significant at 5% level

    COMPONENT 2- CONFIDENT CONSUMERS

    Table 1.5 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    As far as possible nuclear family is better (Nuclear Family) .847 1.181

    I have more self confidence than most people (Confident) .789 1.267

    I am more independent (Independent).821 1.218

    I have a lot of personal ability (Skilled) .900 1.111

    *Variance Inflation Factor

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    Table 1.6 Multiple Regression Analysis of Confident Men (Component 2) and Formal

    Footwear Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesNuclear Family

    Confident

    Independent

    Skilled

    .995

    .014

    -.033

    .708

    -.023

    1.09

    .092

    .122

    .141

    .122

    .010

    -.018

    .328

    -.012

    .911

    .155

    -.274

    5.019**

    -.186

    CriterionFamily

    PredictorNuclear Family

    Confident

    Independent

    Skilled

    8.16

    -.42

    .360

    .191

    -.67

    1.46

    .123

    .163

    .188

    .163

    -.220

    .148

    .066

    -.257

    5.59**

    -3.4**

    2.22*

    1.01

    -4.1**

    Criterion VariableElegance

    Predictor VariablesNuclear Family

    Confident

    Independent

    Skilled

    4.57

    -.208

    -.016

    .217

    .234

    .804

    .068

    .090

    .104

    .090

    -.202

    -.012

    .140

    .166

    5.682**

    -3.07**

    -.180

    2.094*

    2.606**

    CriterionPosture

    PredictorNuclear Family

    Confident

    Independent

    Skilled

    6.99

    -.21

    .292

    -.35

    -.04

    1.41

    .119

    .157

    .183

    .158

    -.117

    .128

    -.129

    -.016

    4.94**

    -1.75

    1.853

    -1.89

    -.243Criterion VariableComfort

    Predictor VariablesNuclear Family

    Confident

    Independent

    Skilled

    5.82

    -.058

    -.273

    .284

    .171

    .594

    .050

    .066

    .077

    .066

    -.075

    -.276

    .242

    .161

    9.803**

    -1.160

    -4.14**

    3.700**

    2.575**

    CriterionAmbience

    PredictorNuclear Family

    Confident

    Independent

    Skilled

    9.19

    -.374

    .447

    -.425

    -.339

    1.49

    .126

    .166

    .193

    .167

    -.194

    .181

    -.146

    -.128

    6.157**

    -2.976**

    2.689**

    -2.206*

    -2.034*

    Criterion VariableBranded

    Predictor VariablesNuclear Family

    Confident

    IndependentSkilled

    -.319

    -.299

    .559

    .647-.014

    1.00

    .085

    .112

    .130

    .112

    -.213

    .312

    .306-.007

    -.318

    -3.54**

    5.001**

    4.996**

    -.126

    CriterionSalesmen

    PredictorNuclear Family

    Confident

    IndependentSkilled

    4.85

    -.037

    .380

    -.345.043

    1.33

    .112

    .148

    .171

    .148

    -.022

    .178

    -.137.019

    3.662**

    -.330

    2.575**

    -2.02*

    .289

    Criterion VariableFriends

    Predictor VariablesNuclear Family

    Confident

    Independent

    Skilled

    11.5

    -.493

    .196

    -.556

    -.280

    1.57

    .132

    .175

    .203

    .175

    -.238

    .074

    -.178

    -.099

    7.331**

    -3.72**

    1.121

    -2.74**

    -1.595

    CriterionAmenities

    PredictorNuclear Family

    Confident

    Independent

    Skilled

    6.69

    -.397

    -.236

    .005

    .152

    1.11

    .094

    .124

    .144

    .124

    -.272

    -.127

    .002

    .077

    6.018**

    -4.23**

    -1.91

    .036

    1.225

    ** Significant at 1% level, * Significant at 5% level

    COMPONENT 3 CAUTIOUS SHOPPERS

    Table 1.7 COLLINARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    I am active in all social functions (Social) .810 1.235

    I visit many shops before I finalise my sales (Cautious buyers) .800 1.250

    I check the prices even for small items (Price Conscious) .911 1.098

    *Variance Inflation Factor

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    81

    Table 1.8 Multiple Regression Analysis of Cautious Shoppers (Component 3) and Formal

    Footwear Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesSocial

    Cautious buyers

    Price Conscious

    4.59

    .171

    -.552

    .435

    1.32

    .159

    .189

    .102

    .075

    -.207

    .285

    3.485**

    1.071

    -2.92**

    4.289**

    CriterionFamily

    PredictorSocial

    Cautious buyers

    Price Conscious

    4.99

    .839

    -.703

    -.066

    1.29

    .157

    .186

    .100

    .366

    -.261

    -.042

    3.848**

    5.345**

    -3.782**

    -.657

    Criterion VariableElegance

    Predictor VariablesSocial

    Cautious buyers

    Price Conscious

    2.23

    .230

    .005

    .373

    .736

    .089

    .105

    .057

    .173

    .003

    .415

    3.030**

    2.587**

    .051

    6.577**

    CriterionPosture

    PredictorSocial

    Cautious buyers

    Price Conscious

    5.95

    -.165

    -.169

    .298

    .961

    .116

    .138

    .074

    -.100

    -.087

    .268

    6.196**

    -1.421

    -1.230

    4.036**

    Criterion Variable

    ComfortPredictor VariablesSocial

    Cautious buyers

    Price Conscious

    4.21

    -.216

    .463

    .096

    .609

    .074

    .087

    .047

    -.199

    .362

    .131

    6.908**

    -2.93**

    5.302**

    2.042*

    Criterion

    AmbiencePredictorSocial

    Cautious buyers

    Price Conscious

    1.34

    .350

    -.133

    .294

    .981

    .119

    .140

    .076

    .209

    -.067

    .260

    1.370

    2.955**

    -.947

    3.891**

    Criterion VariableBranded

    Predictor VariablesSocial

    Cautious buyers

    Price Conscious

    2.15

    .425

    -.452

    .470

    .932

    .113

    .133

    .072

    .253

    -.228

    .414

    2.303*

    3.773**

    -3.38**

    6.544**

    CriterionSalesmen

    PredictorSocial

    Cautious buyers

    Price Conscious

    .367

    .523

    .027

    .135

    1.05

    .128

    .152

    .081

    .289

    .013

    .110

    .347

    4.091**

    .177

    1.651

    Criterion VariableFriends

    Predictor VariablesSocial

    Cautious buyers

    Price Conscious

    1.17

    .628

    -.427

    .406

    1.08

    .131

    .155

    .083

    .329

    -.190

    .315

    1.084

    4.81**

    -2.76**

    4.879**

    CriterionAmenities

    PredictorSocial

    Cautious buyers

    Price Conscious

    -2.33

    .753

    .134

    .200

    1.06

    .129

    .152

    .082

    .391

    .059

    .154

    -2.190*

    5.851**

    .877

    2.441*

    ** Significant at 1% level, * Significant at 5% level

    COMPONENT 4 TRADITIONAL

    Table 1.9 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    A woman should not work if her husband does not like her to work

    outside the house (dominating) .859 1.164Women are dependants and need mens protection (protectionist)

    .829 1.207

    Looking after the house is primarily a womans responsibility

    irrespective of whether she is working or not (egotistic) .892 1.121

    In the evenings, it is better to stay at home rather than going out

    (conservative) .900 1.111

    *Variance Inflation Factor

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    Table 1.10Multiple Regression Analysis of Traditional (Component 4) and Formal

    Footwear Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion Variable

    Coordinated ColoursPredictor VariablesDominating

    Protectionist

    Egotistic

    Conservative

    1.34

    .249

    .114

    -.060

    .392

    .782

    .085

    .093

    .101

    .071

    .189

    .081

    -.038

    .338

    1.718

    2.917**

    1.236

    -.592

    5.550**

    Criterion

    FamilyPredictorDominating

    Protectionist

    Egotistic

    Conservative

    1.69

    .268

    -.047

    -.049

    .507

    .563

    .062

    .067

    .072

    .051

    .253

    -.042

    -.038

    .544

    3.010

    **

    4.351**

    -.709

    -.674

    9.963**

    Criterion VariableElegance

    Predictor VariablesDominating

    Protectionist

    Egotistic

    Conservative

    1.43

    .118

    .288

    .216

    .102

    .457

    .050

    .054

    .059

    .041

    .141

    .323

    .215

    .139

    3.128**

    2.358*

    5.317**

    3.669**

    2.468*

    CriterionPosture

    PredictorDominating

    Protectionist

    Egotistic

    Conservative

    1.34

    .321

    .276

    .171

    .018

    .387

    .042

    .046

    .050

    .035

    .399

    .321

    .177

    .025

    3.464**

    7.588**

    6.006**

    3.434**

    .501

    Criterion VariableComfort

    Predictor VariablesDominating

    Protectionist

    Egotistic

    Conservative

    4.00

    -.044

    .206

    .251

    .002

    .425

    .046

    .050

    .055

    .038

    -.060

    .265

    .287

    .003

    9.422**

    -.951

    4.096**

    4.592**

    .055

    CriterionAmbience

    PredictorDominating

    Protectionist

    Egotistic

    Conservative

    1.83

    .217

    -.025

    .200

    .270

    .618

    .068

    .073

    .080

    .056

    .207

    -.023

    .160

    .295

    2.968**

    3.206**

    -.346

    2.518*

    4.842**

    Criterion VariableBranded

    Predictor VariablesDominating

    Protectionist

    Egotistic

    Conservative

    -.45

    .358

    .388

    .050

    .238

    .394

    .043

    .047

    .051

    .036

    .397

    .405

    .046

    .301

    -1.128

    8.306**

    8.318**

    .984

    6.690**

    CriterionSalesmen

    PredictorDominating

    Protectionist

    Egotistic

    Conservative

    2.47

    .080

    .327

    .127

    .016

    .596

    .065

    .071

    .077

    .054

    .080

    .305

    .106

    .018

    4.136**

    1.226

    4.626**

    1.658

    .296

    Criterion VariableFriends

    Predictor VariablesDominating

    Protectionist

    Egotistic

    Conservative

    1.48

    -.028

    .252

    .376

    .097

    .614

    .067

    .073

    .079

    .056

    -.027

    .224

    .296

    .105

    2.413*

    -.418

    3.469**

    4.752**

    1.754

    CriterionAmenities

    PredictorDominating

    Protectionist

    Egotistic

    Conservative

    2.68

    .059

    .151

    .157

    .068

    .617

    .067

    .073

    .079

    .056

    .060

    .143

    .132

    .078

    4.351**

    .881

    2.068*

    1.978*

    1.214

    ** Significant at 1% level, * Significant at 5% level

    COMPONENT 5 - RELAXED

    Table 1.11 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    One should have his/her own credit/debit cards (Practical) .952 1.051I spend a lot of time with friends talking about brands and products(Brand Analyst)

    .965 1.036

    I drink soft drinks several times a week (unhealthy)

    .839 1.192

    I do not participate in sports activities (non playful)

    .873 1.146

    *Variance Inflation Factor

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    83

    Table 1.12 Multiple Regression Analysis of Relaxed (Component 5) and Formal Footwear

    Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesPractical

    Brand Analyst

    Unhealthy

    Nonplayful

    4.83

    -.015

    .054

    .008

    -.302

    1.38

    .071

    .112

    .157

    .131

    -.015

    .033

    .004

    -.169

    3.510**

    -.216

    .477

    .049

    -2.303*

    CriterionFamily

    PredictorPractical

    Brand Analyst

    Unhealthy

    Nonplayful

    2.22

    -.184

    .512

    -.050

    .314

    1.69

    .087

    .138

    .193

    .161

    -.145

    .251

    -.019

    .139

    1.313

    -2.112*

    3.700**

    -.261

    1.946

    Criterion VariableElegance

    Predictor VariablesPractical

    Brand Analyst

    Unhealthy

    Nonplayful

    3.92

    -.143

    .005

    .183

    .468

    1.14

    .058

    .093

    .129

    .108

    -.165

    .003

    .102

    .305

    3.451**

    -2.443*

    .050

    1.417

    4.327**

    CriterionPosture

    PredictorPractical

    Brand Analyst

    Unhealthy

    Nonplayful

    -.622

    -.123

    .574

    .327

    .330

    1.32

    .068

    .108

    .151

    .126

    -.118

    .344

    .151

    .179

    -.470

    -1.804

    5.301**

    2.166*

    2.614**Criterion VariableComfort

    Predictor VariablesPractical

    Brand Analyst

    Unhealthy

    Nonplayful

    7.39

    -.082

    .003

    -.010

    -.201

    .731

    .038

    .060

    .083

    .070

    -.151

    .004

    -.009

    -.209

    10.10**

    -2.181*

    .057

    -.124

    -2.89**

    CriterionAmbience

    PredictorPractical

    Brand Analyst

    Unhealthy

    Nonplayful

    -3.25

    .182

    .522

    .710

    -.314

    1.26

    .065

    .103

    .143

    .120

    .168

    .301

    .315

    -.164

    -2.577*

    2.811**

    5.067**

    4.945**

    -2.617**

    Criterion VariableBranded

    Predictor VariablesPractical

    Brand Analyst

    UnhealthyNonplayful

    7.59

    -.134

    -.390

    .307-.476

    1.04

    .054

    .085

    .119

    .099

    -.154

    -.281

    .170-.309

    7.288**

    -2.500*

    -4.58**

    2.588**

    -4.79

    **

    CriterionSalesmen

    PredictorPractical

    Brand Analyst

    UnhealthyNonplayful

    -3.25

    .197

    .757

    .389-.014

    1.25

    .064

    .102

    .142

    .119

    .186

    .445

    .176-.007

    -2.601**

    3.074**

    7.421**

    2.736**

    -.117

    Criterion VariableFriends

    Predictor VariablesPractical

    Brand Analyst

    Unhealthy

    Nonplayful

    5.78

    -.309

    .137

    -.026

    .185

    1.30

    .067

    .106

    .148

    .124

    -.313

    .087

    -.013

    .106

    4.448**

    -4.62**

    1.288

    -.179

    1.491

    CriterionAmenities

    PredictorPractical

    Brand Analyst

    Unhealthy

    Nonplayful

    3.37

    -.470

    .008

    .552

    .221

    1.60

    .083

    .131

    .183

    .153

    -.366

    .004

    .207

    .097

    2.100*

    -5.691**

    .065

    3.021**

    1.449

    ** Significant at 1% level, * Significant at 5% level

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    COMPONENT 6 OPTIMISITIC

    Due to multi collinearity only one variable was considered for regression analysis

    Table 1.13 Regression Analysis of Optimistic (Component 6) and Formal Footwear

    Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesGlobe Trippers

    6.46

    -.184

    .868

    .130 -.129

    7.447**

    -1.418

    CriterionFamily

    Predictor

    VariablesGlobe Trippers

    4.88

    -.134

    1.23

    .184 -.067

    3.970**

    -.728

    Criterion VariableElegance

    Predictor Variables

    Globe Trippers

    7.93

    -.369

    .941

    .141 -.234

    8.423**

    -2.62**

    CriterionPosture

    Predictor

    Globe Trippers

    6.87

    -.296

    1.31

    .196 -.138

    5.247**

    -1.511Criterion VariableComfort

    Predictor VariablesGlobe Trippers

    6.96

    -.045

    .343

    .051 -.080

    20.31**

    -.871

    CriterionAmbience

    PredictorGlobe Trippers

    .749

    .570

    .844

    .126 .383

    .886

    4.505**

    Criterion VariableBranded

    Predictor VariablesGlobe Trippers

    7.59

    -.330

    .918

    .138 -.215

    8.261**

    -2.397*

    CriterionSalesmen

    PredictorGlobe Trippers

    7.29

    -.246

    .708

    .106 -.209

    10.296**

    -2.320*

    Criterion VariableFriends

    Predictor VariablesGlobe Trippers

    6.97

    -.324

    .929

    .139 -.210

    7.496**

    -2.328*

    CriterionAmenities

    PredictorGlobe Trippers

    -1.92

    .810

    1.14

    .170 .401

    -1.684

    4.753**

    ** Significant at 1% level, * Significant at 5% level

    COMPONENT 7 STRIVERS

    Table 1.14 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    Doing nothing makes me feel uncomfortable (Active)

    .974 1.027

    I will take some courses to brighten my future (Hard Working) .974 1.027

    *Variance Inflation Factor

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    Table 1.15 Multiple Regression Analysis of Strivers (Component 7) and Formal Footwear

    Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesActive

    Hard Working

    -4.58

    1.68

    -.260

    2.36

    .242

    .214

    .539

    -.094

    -1.945

    6.949**

    -1.213

    CriterionFamily

    PredictorActive

    Hard Working

    5.06

    .740

    -.680

    1.66

    .170

    .151

    .345

    -.357

    3.054**

    4.352**

    -4.512**

    Criterion VariableElegance

    Predictor VariablesActive

    Hard Working

    5.14

    .060

    .080

    1.71

    .176

    .156

    .032

    .048

    3.005**

    .342

    .514

    CriterionPosture

    PredictorActive

    Hard Working

    11.2

    -.360

    -.480

    2.77

    .284

    .252

    -.117

    -.175

    4.035**

    -1.268

    -1.907

    Criterion VariableComfort

    Predictor Variables

    ActiveHard Working

    3.48

    .420

    .060

    .607

    .062

    .055.536.086

    5.736**

    6.745**1.087

    CriterionAmbience

    Predictor

    ActiveHard Working

    6.74

    -.040-.220

    2.22

    .228

    .202-.016-.101

    3.030**

    -.175-1.087

    Criterion VariableBranded

    Predictor VariablesActive

    Hard Working

    13.8

    -.300

    -.900

    1.93

    .199

    .176

    -.128

    -.432

    7.128**

    -1.510

    -5.11**

    CriterionSalesmen

    PredictorActive

    Hard Working

    9.38

    -.480

    -.140

    2.56

    .263

    .233

    -.169

    -.056

    3.666**

    -1.828

    -.601

    Criterion VariableFriends

    Predictor VariablesActive

    Hard Working

    20.7

    -1.28

    -1.04

    2.64

    .271

    .240

    -.388

    -.355

    7.828

    -4.72**

    -4.33**

    CriterionAmenities

    PredictorActive

    Hard Working

    8.38

    1.02

    -1.64

    2.87

    .295

    .261

    .264

    -.478

    2.917**

    3.460**

    -6.276**

    ** Significant at 1% level, * Significant at 5% level

    COMPONENT 8 SYSTEMATIC

    Table 1.16 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    One should always keep the house neat and clean (Neatness) .821 1.219

    A fancy and distinctive living attracts me (Distinctive) .946 1.057

    One must save for the rainy day (Cautious) .821 1.217

    *Variance Inflation Factor

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    Table 1.17 Multiple Regression Analysis of Systematic (Component 8) and Formal

    Footwear Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesNeatness

    Distinctive

    Cautious

    -5.19

    2.07

    -.425

    -.278

    3.85

    .600

    .157

    .313

    .289

    -.212

    -.074

    -1.349

    3.445**

    -2.71**

    -.886

    CriterionFamily

    PredictorNeatness

    Distinctive

    Cautious

    -12.4

    2.48

    .028

    .056

    3.59

    .561

    .146

    .293

    .363

    .015

    .016

    -3.44**

    4.42**

    .193

    .193

    Criterion VariableElegance

    Predictor VariablesNeatness

    Distinctive

    Cautious

    -24.8

    3.85

    -.127

    .746

    1.79

    .278

    .073

    .145

    .692

    -.08

    .257

    -13.9**

    13.82**

    -1.75

    5.19**

    CriterionPosture

    PredictorNeatness

    Distinctive

    Cautious

    -21.4

    3.79

    .274

    -.167

    3.06

    .477

    .125

    .249

    .567

    .146

    -.048

    -6.99**

    7.95**

    2.19*

    -.67

    Criterion Variable

    ComfortPredictor VariablesNeatness

    Distinctive

    Cautious

    .676

    .419

    .109

    .360

    .927

    .144

    .038

    .075

    .219

    .202

    .360

    .729

    2.89**

    2.83**

    4.78**

    Criterion

    AmbiencePredictorNeatness

    Distinctive

    Cautious

    -20.7

    2.36

    .525

    .907

    3.0

    .469

    .122

    .245

    .357

    .284

    .263

    -6.89**

    5.03**

    4.29**

    3.71**

    Criterion VariableBranded

    Predictor VariablesNeatness

    Distinctive

    Cautious

    -23.3

    1.93

    -.239

    2.52

    2.67

    .415

    .108

    .216

    .254

    -.113

    .636

    -8.74**

    4.65**

    -2.21*

    11.65**

    CriterionSalesmen

    PredictorNeatness

    Distinctive

    Cautious

    3.39

    .006

    -.008

    .270

    2.36

    .367

    .096

    .192

    .001

    -.007

    .123

    1.44

    .016

    -.084

    1.41

    Criterion VariableFriends

    Predictor VariablesNeatness

    Distinctive

    Cautious

    -16.1

    3.09

    -.121

    .044

    3.74

    .583

    .152

    .304

    .424

    -.059

    .012

    -4.30**

    5.30**

    -.794

    .146

    CriterionAmenities

    PredictorNeatness

    Distinctive

    Cautious

    -14.2

    2.38

    -.179

    .499

    4.31

    .671

    .175

    .350

    .293

    -.079

    .117

    -3.30**

    3.55**

    -1.02

    1.43

    ** Significant at 1% level, * Significant at 5% level

    COMPONENT 9 - DOMINANT

    Table 1.18 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    Giving dowry in marriage is a tradition and cannot be done away with

    (Conventional)

    .962 1.039

    Friends often come to me for advice (Opinion Leaders) .975 1.025

    I would go for a walk or do some exercise than sit idle (Stay Fit) .982 1.018

    *Variance Inflation Factor

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    Table 1.19 Multiple Regression Analysis of Dominant (Component 9) and Formal Footwear

    Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesConventional

    Opinion leaders

    Stay Fit

    -1.88

    .369

    .630

    .292

    .738

    .057

    .076

    .091

    .369

    .469

    .182

    -2.549*

    6.440**

    8.241**

    3.213**

    CriterionFamily

    PredictorConventional

    Opinion leaders

    Stay Fit

    3.86

    -.112

    .186

    .144

    .858

    .067

    .089

    .106

    -.114

    .142

    .092

    4.493**

    -1.676

    2.091*

    1.364

    Criterion VariableElegance

    Predictor VariablesConventional

    Opinion leaders

    Stay Fit

    2.17

    .305

    .349

    .071

    .538

    .042

    .056

    .066

    .435

    .370

    .063

    4.042**

    7.304**

    6.264**

    1.067

    CriterionPosture

    PredictorConventional

    Opinion leaders

    Stay Fit

    1.59

    .227

    .350

    .171

    .688

    .053

    .071

    .085

    .272

    .313

    .128

    2.315*

    4.240**

    4.914**

    2.015*

    Criterion Variable

    ComfortPredictor VariablesConventional

    Opinion leaders

    Stay Fit

    3.22

    .213

    .196

    .221

    .360

    .028

    .037

    .044

    .444

    .305

    .287

    8.926**

    7.620**

    5.264**

    4.979**

    Criterion

    AmbiencePredictorConventional

    Opinion leaders

    Stay Fit

    2.47

    .319

    .215

    -.034

    .625

    .049

    .065

    .077

    .413

    .208

    -.027

    3.953**

    6.567**

    3.330**

    -.438

    Criterion VariableBranded

    Predictor VariablesConventional

    Opinion leaders

    Stay Fit

    -2.50

    .243

    .705

    .594

    .666

    .052

    .069

    .082

    .246

    .531

    .375

    -3.76**

    4.702**

    10.22**

    7.244**

    CriterionSalesmen

    PredictorConventional

    Opinion leaders

    Stay Fit

    2.68

    .128

    .275

    .071

    .836

    .065

    .087

    .103

    .134

    .215

    .046

    3.207**

    1.965

    3.180**

    .688

    Criterion VariableFriends

    Predictor VariablesConventional

    Opinion leaders

    Stay Fit

    -.077

    -.007

    .801

    .166

    .875

    .068

    .091

    .108

    -.006

    .520

    .090

    -.088

    -.106

    8.839**

    1.537

    CriterionAmenities

    PredictorConventional

    Opinion leaders

    Stay Fit

    3.38

    .110

    -.175

    .236

    1.02

    .079

    .106

    .126

    .096

    -.113

    .128

    3.317**

    1.396

    -1.654

    1.878

    ** Significant at 1% level, * Significant at 5% level

    COMPONENT 10 - SPIRITUAL, DIET CONSCIOUS AND SOCIALISING

    Table 1.20 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    Spiritual values are more important that material things (Spiritual) .910 1.099

    I eat only home food and do not like to eat out (Diet Conscious) .897 1.114

    I can mingle with strangers easily (Socialising) .849 1.178

    *Variance Inflation Factor

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    Table 1.21 Multiple Regression Analysis of Spiritual, Diet conscious and Socialising

    (Component 10) and Formal Footwear Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesSpiritual

    Diet Conscious

    Socialising

    2.30

    -.208

    .448

    .207

    .982

    .137

    .114

    .076

    -.109

    .283

    .201

    2.341*

    -1.512

    3.911**

    2.704**

    CriterionFamily

    PredictorSpiritual

    Diet Conscious

    Socialising

    3.28

    .552

    -.397

    .083

    1.19

    .166

    .139

    .093

    .246

    -.214

    .069

    2.753**

    3.318**

    -2.865**

    .896

    Criterion VariableElegance

    Predictor VariablesSpiritual

    Diet Conscious

    Socialising

    2.24

    -.090

    -.003

    .749

    .734

    .103

    .086

    .057

    -.047

    -.002

    .732

    3.056**

    -.873

    -.034

    13.11**

    CriterionPosture

    PredictorSpiritual

    Diet Conscious

    Socialising

    .196

    .208

    .240

    .463

    .866

    .121

    .101

    .067

    .110

    .154

    .456

    .227

    1.720

    2.383*

    6.87**

    Criterion Variable

    ComfortPredictor VariablesSpiritual

    Diet Conscious

    Socialising

    7.52

    -.206

    -.122

    .180

    .698

    .098

    .081

    .054

    -.158

    -.113

    .257

    10.77**

    -2.108*

    -1.501

    3.312**

    Criterion

    AmbiencePredictorSpiritual

    Diet Conscious

    Socialising

    .551

    .568

    .319

    -.185

    .910

    .127

    .106

    .071

    .320

    .217

    -.194

    .605

    4.465**

    3.008**

    -2.611**

    Criterion VariableBranded

    Predictor VariablesSpiritual

    Diet Conscious

    Socialising

    1.98

    -.293

    .658

    .183

    1.01

    .141

    .117

    .078

    -.144

    .391

    .168

    1.971*

    -2.081*

    5.613**

    2.343**

    CriterionSalesmen

    PredictorSpiritual

    Diet Conscious

    Socialising

    -.949

    .920

    .291

    -.240

    .906

    .127

    .106

    .070

    .485

    .185

    -.235

    -1.048

    7.267**

    2.759**

    -3.401**

    Criterion VariableFriends

    Predictor VariablesSpiritual

    Diet Conscious

    Socialising

    .589

    .538

    -.025

    .100

    1.14

    .159

    .132

    .088

    .252

    -.014

    .087

    .518

    3.387**

    -.190

    1.132

    CriterionAmenities

    PredictorSpiritual

    Diet Conscious

    Socialising

    2.69

    .307

    .018

    -.086

    1.21

    .170

    .141

    .094

    .139

    .010

    -.072

    2.223*

    1.806

    .126

    -.909

    ** Significant at 1% level, * Significant at 5% level

    COMPONENT 11 STAY TRIM

    Table 1.22 COLLINEARITY STATISTICS BETWEEN THE PREDICTOR VARIABLES

    PREDICTOR VARIABLES TOLERANCE VIF*

    I skip breakfast regularly (Stay Trim) .985 1.015

    I like to watch games than any other entertainment channels (SportsViewers) .985 1.015

    *Variance Inflation Factor

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    Table 1.23 Multiple Regression Analysis of Stay Trim (Component 11) and Formal

    Footwear Attributes

    Variables

    FORMAL FOOTWEAR

    B SE Beta t-value Variables B SE Beta t-value

    Criterion VariableCoordinated Colours

    Predictor VariablesStay Trim

    Sports Viewers

    -.65

    -.270

    1.04

    3.52

    .447

    .313

    -.052

    .283

    -.184

    -.605

    3.323**

    CriterionFamily

    PredictorStay Trim

    Sports Viewers

    -4.38

    1.68

    -.351

    3.28

    .416

    .292

    .336

    -.101

    -1.337

    4.028**

    -1.205

    Criterion VariableElegance

    Predictor VariablesStay Trim

    Sports Viewers

    -7.24

    1.65

    .203

    2.45

    .311

    .218

    .422

    .074

    -2.96**

    5.297**

    .929

    CriterionPosture

    PredictorStay Trim

    Sports Viewers

    -5.59

    1.67

    -.213

    3.01

    .383

    .268

    .361

    -.066

    -1.857

    4.362**

    -.794

    Criterion VariableComfort

    Predictor Variables

    Stay TrimSports Viewers

    3.49

    -.047.470

    1.37

    .174

    .122-.023.324

    2.548**

    -.2723.855

    **

    CriterionAmbience

    Predictor

    Stay TrimSports Viewers

    -8.99

    2.28-.318

    3.73

    .474

    .332.393-.078

    -2.390*

    4.819**-.956

    Criterion VariableBranded

    Predictor VariablesStay Trim

    Sports Viewers

    -9.03

    1.41

    .689

    2.22

    .283

    .198

    .384

    .268

    -4.058

    4.975**

    3.480**

    CriterionSalesmen

    PredictorStay Trim

    Sports Viewers

    -21.1

    3.06

    .753

    3.08

    .392

    .274

    .551

    .194

    -6.830**

    7.818**

    2.745**

    Criterion VariableFriends

    Predictor VariablesStay Trim

    Sports Viewers

    -5.97

    1.85

    -.314

    2.24

    .285

    .199

    .499

    -.12

    -2.67**

    6.48**

    -1.58

    CriterionAmenities

    PredictorStay Trim

    Sports Viewers

    -11.8

    1.16

    1.18

    3.61

    .459

    .322

    .208

    .299

    -3.270**

    2.534**

    3.657**

    ** Significant at 1% level, * Significant at 5% level

    1.11 RESULT AND DISCUSSION

    A brief discussion on the highest preferences of the consumers for formal shoes (based on the

    highest Beta value and significant t-value) in each of the factors extracted is given below.Component 1 comprised of stylistic consumers. Six variables (AIO statements) were loaded in

    this component. Out of which five variables qualified for study due to multicollinearity.

    Therefore the five types of consumers in this component include Budgeted spenders, stylistic,smart dressers, foreign settlers and fashionables. From Table 1.4 it can be observed that the

    Budgeted spenders preferred more of branded shoes for formal wear. The stylistic consumers

    were more store conscious. They preferred to purchase formal wear from the store that had good

    ambiences. The smart dressers preferred their formal shoes to coordinate with the colour of theirattire. The consumers who preferred to settle abroad preferred to wear formal shoes that

    enhanced their postures. The fashionables preferred elegant formal shoes. Component 2

    comprised of confident consumers. Four variables (AIO statements) were loaded in thiscomponent. The four types of consumers in this category include Nuclear Family oriented,

    Confident, Independent and Skilled. From Table 1.6 it can be observed that the consumers who

    preferred to live in nuclear family were bound to purchase shoes from the store that exclusivelysold footwear and no other amenities. The confident consumers purchased formal shoes based on

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    brands. The independent consumers preferred to wear formal shoes with coordinated colours.The skilled consumers who perceived that they had lot of personal ability preferred elegant and

    comfortable shoes and they never consult their family in the purchase of formal shoes.

    Component 3 was named as cautious shoppers. This component comprised of three types of

    consumers namely social, cautious shoppers and price conscious. From Table 1.8 it can be

    inferred that the social consumers who are very active in all the social functions preferred topurchase formal shoes from the outlets that sold other amenities as well. The cautious shoppers

    who visit many shops before they finalised their sales preferred to wear formal shoes that werecomfortable. The price conscious consumers preferred to wear formal shoes that were elegant

    and branded. Component 4 named as traditional comprised of four types of consumers namely

    dominating, protectionist, egotistic and conservative. From Table 1.10 it can be read that thedominating types preferred to purchase formal shoes on the basis of brand and those that enhance

    their postures. The protectionist also purchased formal shoes on the basis of brand. The Egotistic

    consumers purchased formal shoes primarily after consultation with their friends. The

    conservative consumers were very family oriented. Component 5 comprised of relaxedconsumers. The four types of consumers in this category include Practical, Brand Analyst,

    Unhealthy lifestyle and Nonplayful. From Table 1.12 it can be observed that the practicalconsumers preferred to purchase shoes from specialized store. The brand analysts were highlyinfluenced by the behaviour of the salesmen. The consumers who lead unhealthy lifestyle

    preferred to purchase formal shoes from the outlets that had better ambiences. The consumers

    who generally do not participate in sports activities preferred to purchase unbranded shoes.Component 6 were named as optimistic consumers. Due to multicollinearity only one variable

    qualified for the study. Therefore there was only one type of consumers i.e., the globe trippers

    who were passionate about touring around the world. From Table 1.13 it can be observed that theconsumers in this category preferred to purchase formal shoes from the store that sold other

    amenities also. Component 7 was named as strivers. The two types of consumers in this

    category were active and hard working. The active consumers were colour conscious. The hard

    working consumers preferred to purchase formal shoes from specialized store (Refer Table 1.15).Component 8 was named as systematic. The three types of consumers in this category include,

    men who preferred to keep their house neat and clean, men who were attracted towards a

    distinctive lifestyle and men who were very cautious about saving money. The first categorypreferred formal shoes that were elegant. The second category preferred to purchase formal

    shoes from the outlets that had better ambiences. The cautious men who were very particularabout saving money preferred branded footwear (Table 1.17). Component 9 was named as

    dominant. Under this category, there were the conventional consumers who primarily preferredformal shoes that were comfortable. The opinion leaders and the Stay fit type of consumers in

    this category were very brand conscious (Table 1.19). Component 10 comprised of spiritual and

    diet conscious consumers. There were three types of consumers in this category, the spiritual,

    diet conscious and socialising. The spiritual consumers took their purchase decision based on thebehaviour of the salesmen. The diet conscious consumers were highly brand conscious and the

    socialising ones preferred formal shoes that were elegant (Table 1.21). Component 11 wasnamed as stay trim. The two types of consumers in this component include stay trim, the men

    who often skipped their breakfast and the Sports Viewers, the men who preferred to watch sports

    than any other channels. The stay trim preferred to purchase formal shoes from the outlets, where

    the salesmen treated them well. The sports viewers preferred to wear footwear that was primarilycomfortable.

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    CONCLUSION

    The footwear industry is susceptible to certain vital issues namely, market volatility due to

    frequent changes in fashion, diverse market, competition from innumerable manufacturers both

    from the organised and unorganized sector and the dissimilar buying habits of the customers.

    The conclusion reached through the present study is that mapping the behavioural pattern of theconsumers and then associating with the footwear attributes can help the manufacturers and

    retailers to understand their target market better. Further similar behavioural patterns can alsoexist in other countries, therefore it becomes easier to tap the global markets. The Indian

    Footwear is a sector with tremendous opportunity but still untapped.

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