Hedonic service consumption and its dynamic effects on sales in the brick-and-mortar retail context

Hedonic service consumption and its dynamic effects on sales in the brick-and-mortar retail context
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实体零售环境中的享乐服务消费及其对销售的动态影响

DOI:
10.1016/j.jretconser.2022.103178
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发表时间:
2023
影响因子:
10.4
通讯作者:
Li Xi
Li Xi
中科院分区:
管理学2区
文献类型:
--
作者:
Zhou Jiaying;Dahana Wirawan Dony;Ye Qiongwei;Zhang Qingyu;Ye Mingqi;Li Xi

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本研究探讨购物中心内享乐消费体验如何动态影响购物中心整体销售绩效。使用一家大型购物中心所有者从2013年到2019年收集的各种产品和服务的每周销售数据,我们考察了客户在某些享乐服务(即食品、娱乐和生活方式)上的支出如何为其他产品类别带来即时、短暂和长期的销售。我们开发了一个基于客户体验文献的概念框架来预测这些影响。然后利用时间序列模型对动态效应进行了实证估计。结果表明,享乐服务的消费可以立即导致某些产品类别的销售增加,如服装和必需品。然而,虽然食品和生活方式服务消费的短暂影响似乎是积极的,但娱乐服务消费的影响要么是负面的,要么是微不足道的。此外,消费者在享乐服务上的支出不太可能永久性地改变其他产品类别的销售。这项研究为享乐购物体验如何影响零售商的短期和长期销售业绩提供了重要的见解。此外,这项研究的发现可以帮助零售商预测,随着时间的推移,他们在享乐元素上的投资将如何改变商店的整体表现。
This study investigates how hedonic consumption experiences within a shopping mall dynamically affect the mall's overall sales performance. Using weekly sales data of various products and services compiled from 2013 to 2019 by a large shopping mall owner, we examine how customers' spending on certain hedonic services (i.e.,food,entertainment, andlifestyle) generates immediate, transient, and long-term sales for other product categories. We develop a conceptual framework based on the customer experience literature to predict these effects. A time-series model is then employed to estimate the dynamic effects empirically. The results indicate that the consumption of hedonic services can induce an immediate increase in the sales of certain product categories, such as apparel and necessities. However, while the transient effects of the consumption of food and lifestyle services appear to be positive, those of entertainment services consumption are either negative or insignificant. Furthermore, customer spending on hedonic services is unlikely to permanently change other product categories' sales. This study provides critical insights into how hedonic shopping experiences influence retailers' short- and long-term sales performance. Further, the study's findings can help retailers anticipate how their investment in hedonic elements would alter overall store performance over time.
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发表时间: 2016
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作者:
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期刊: Management Science
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