Customer Spending, Customer Visit Frequency, and Customer Profitability
Main Contribution: Provides a comprehensive joint analysis of multichannel shopping drivers and performance metrics using dual-source panel data from a specialized Wine Retailer.
\[U_h = \alpha_{0h} + \beta_{tech} Technology_h + \beta_{shop} Shopping_h + \beta_{net} Socialization_h + \beta_{mix} MarketingMix_{ht} + \epsilon_h\]
0.4615**): Facility with tech strongly drives channel adoption.0.3543***): Active adoption of digital channels.0.0761***).-2.0764*) and Shopping Enjoyment (-2.0364*): Single-channel brick-and-mortar loyalists prefer immediate product ownership and deal hunting in physical stores.0.1224**) has a positive effect.0.1692***) is a strong driver.Demographic Heterogeneity: Education (0.0231**) and larger household sizes (0.0003*) encourage adoption, whereas older (-0.0269*) and female (-0.5496**) customers are more single-channel resistant.
| Customer Response Metric | Multichannel shopping Parameter | Baseline Effect | Model Explanatory Power (\(R^2\)) |
|---|---|---|---|
| Customer Spending | 0.0328* | +3.28% spending increase | 0.96 |
| Customer Visit Frequency | 1.8469* | +1.85 visits / quarter | 0.68 |
| Customer Profitability | 0.0004* | +0.04% marginal profit growth | 0.86 |
-2.8116***) but strongly drives profitability (+0.3682***).+3.2182***) but significantly erode overall profitability (-21.8924***).1.6219***).0.3815***).3.1239***).Situational Lifts: Special occasion purchases dramatically increase both spending (0.0808***) and profitability (0.0731***).
0.0055***) is highly profitable.1.6219***) and digital emails (0.3815***) strategically to drive store visit frequencies.Citation: Kumar, A., Bezawada, R., & Trivedi, M. (2018). Journal of the Association for Consumer Research, 3(3), 294-307. DOI: 10.1086/698876