The secrets of the longevity of informal retail markets in Croatia

Abstract

PurposeDespite modern retail formats, for many cultures, informal markets (street markets, farmers’ markets, or wet markets in Asia), fleas, and bazaars still remain an important part of life. The purpose of this paper is to provide further insight into the characteristics of informal retailers, and to explain their growth and longevity in markets.Design/methodology/approachIn order to explore what attracts customers to informal retail markets, a survey conducted on the sample of Croatian consumers was carried out.FindingsThe results show that consumers point out fresh, affordable, and healthy products and relationships with vendors as the main advantages, while weather conditions, unattractive food, and crowds are the disadvantages and barriers of purchasing at informal markets.Practical implicationsThe results presented give directions for various subjects on how to increase the popularity of informal markets.Originality/valueThis paper addresses consumers’ perception of informal markets in the context of an emerging country. With the literature review, and the results of the explorative survey, it contributes to the knowledge on this type of retailing.