Purpose - This study aimed to identify the impact of consumers' perception of the value of discount store PB products on brand loyalty and repurchase intention and simultaneously check whether consumers showed a different position depending on gender difference and age. Research design, data, and methodology - For data collection, total of 174 valid copies of questionnaire were obtained for analysis. And simple regression, multiple regression and hierarchical moderated regression analysis was conducted for hypothesis verification and implication Results - It was found that functional, social and emotional value perceived by consumers had a positive impact on brand loyalty and repurchase intention. And it was found that consumers who were in a relatively lower age group were positive, in the relation between emotional value and repurchase intention only. Conclusions - It was suggested that consumers accept discount store PB products positively overall. Therefore, discount stores must not only need to develop their strengths in various parts of PB product beyond consumer's positive perception but also make efforts to raise the social awareness of the use of PB products. And they have to promote consumer decision making by concentrating on emotional factors take a different approach to consumers in a higher age group.
Babin, B. J., Darden, W. R., & Griffin, M. (1994). Work and/or fun: Measuring hedonic and utilitarian shopping value. Journal of Consumer Research, 20(4), 644-656.
Baker, D. A., & Crompton, J. L. (2000). Quality, satisfaction and behavioral intentions. Annals of Tourism Research, 27(3), 785-804.
Bitner, M. J. (1990). Evaluating service encounters: The effects of physical surroundings and employee responses. Journal of Marketing, 54(2), 69–82.
Cha, J. B., & Jo, M. N. (2017). The effects of perceived value and perceived risk on post-purchase satisfaction and repurchase intention of tour product: Focused on the social commerce tour product. Journal of Tourism & Leisure Research, 29(1), 101-121.
Cho, H. J., Lee, S. C., & Ryu, S. M. (2012). A political proposal for the private brand activation. Journal of Distribution Research, 17(5), 113-128.
Cho. H. Y., Han, S. H., & Yang, H. C. (2014). The impact of traditional market properties and relationship quality on customer value: Approach from the viewpoint of the means-end chain theory. Journal of Distribution Science, 12(1), 13-19.
Choi, B. N., Lee, H. H., & Yang, H. C. (2014). Impacts of value inclination and self-expressive consuming propensity upon eco-friendly product purchasing intention. East Asian Journal of Business Management, 4(4), 39-49.
Choi, S. S., Kim, P. J., & Lee, S. Y. (2011). A Research on Private apparel Brand’s Product Strategy in Discounted Stores. Journal of Industrial Distribution & Business, 2(2), 25-38.
Choi, E. S. (1998). Survey report: PB products sales situation and activation plan. Korean Consumer Agency, 1-24.
Copeland, M. T. (1923). Relation of consumer's buying habits to marketing methods. Harvard Business Review, 1, 282-289.
Craig, G. J. (1983). Human Development (2nd ed.). Reading, New York: Prentice-Hall.
Dichter, E. (1985). What’s in an image. The Journal of Consumer Marketing, 2(1), 75-81.
Dodds, W. B., Monroe, K. B., & Grewal, D. (1991). Effects of price, brand, and store information on buyers’product evaluations. Journal of Marketing Research, 28(3), 307-319.
Fishbein, M., & Ajzen, I. (1975). Belief, attitude, intention and behavior: An introduction to theory and research. Reading, MA: Addison-Wesley.
Ha, D. H., & Park, E. J. (2008). Antecedents and consequences of brand evidence in the hotel industry: Focused on marketing communication and brand attitude. Advertising Research, 81, 329-355.
Hagtvedt, H., & Patrick, V. M. (2008). Art Infusion: The influence of visual art on the perception and evaluation of consumer products. Journal of Marketing Research, 45(3), 379-389.
Handy, F., & Katz, E. (1998). The wage differential between nonprofit institutions and corporations:Getting more by paying less?. Journal of Comparative Economics, 26, 246-261.
Hausel, H. G. (2008). Brain view: Warum kunden kaufen. (J. A. Bae, Trans.). Seoul: Heureum. (Original work published 2008)
Holbrook, M. B. (1994). The nature of customer value, service quality: New directions in theory and practice. Thousand Oaks, CA: Sage Publications.
Jacoby, J., & Chestnut, R. W. (1978). Brand loyalty:Measurement and management. New York: John Wiley and Sons, Inc.
Kang, J. H. (2017). Effect of the perceived value of premium dessert menus on purchase behavior and repurchase intention. International Journal of Tourism and Hospitality Research, 31(3), 207-220.
Kim, E. H., Kim. E. H., & Kim, M. J. (2011). The effect of distributor private brand product type on consumer attitude. The East Asian Journal of Business Management, 1(1), 13-20.
Kim, H. B., & Kim, N. E. (2009). The effect of e-service quality, perceived value and customer satisfaction on customer loyalty for online travel agencies. Journal of Korea Service Management Society, 10(2), 251-276.
Kim, S. H., & Oh, S. H. (2002). The determinants of repurchase intentions in the service industry:Customer value, customer satisfaction, switching costs, and attractiveness of alternatives. Korea Marketing Review, 17(2), 25-55.
Lee, C. K., Kim. H. M., & An, D. H. (2008). The effect of perceived value for Japanese tourists on their satisfaction and revisit intention to Korean tourism. Journal of Tourism & Leisure Research, 20(4), 69-85.
Lee, S. G., & Bae, S. H. (1996). New Distribution Management. Seoul, Korea : Muyokpub.
Lee, S. S. (2008). Gender differences in impulse buying:From the perspective of materialism and cognitive need for closure. The Korean Journal of Consumer and Advertising Psychology, 9(3), 475-495.
Lee, Y. C., & Yang, H. C. (2012). The effect of college students’ perceived choice attribute of traditional market and relationship quality: Moderating effects of consumption emotion and mediating effects of consumer’s value. Journal of Distribution Science, 10(1), 33-42.
Lee, Y. C., Yang, H. C., & Lim, S. J. (2013). The influence of price and customer value on long-term purchasing of e-commerce in industrial goods market: Mediating effects and moderating effects of perceived supplier trust. Advanced Institute of Convergence Information Technology(JNIT), 4(6), 1-8.
Lewison, D. M. (1997). Retailing (6th ed). Upper Saddle River, New Jersey: Prentice Hall.
Liu, X., & Kwon, Y. C. (2017). A study on the effects of brand globalness on brand trust and brand loyalty:Focusing on the moderating effects of consumers’cultural intelligence. Korea Trade Review, 42(4), 115-138.
Mathwick, C., Malhotra, N., & Rigdon, E. (2001). Experiential value: Conceptualization, measurement and application in the catalog and internet shopping environment. Journal of Retailing, 77(1), 39-56.
MOTIE(Ministry of Trade, Industry and Energy) (2017). Press release: Sales trend of distribution companies in June 2017 and The first half year. Retrieved July 31, 2017 from http://www.motie.go.kr/motie/ne/presse/press2
Nilson, T. H. (1992). Value-added marketing: Marketing management for superior results. Maidenhead:McGraw-Hill.
Oh, H., & Parks, S. C. (1997). Customer satisfaction and service quality: A critical review of the literature and research implications for the hospitality industry. Hospitality Research Journal, 20(3), 35-64.
Okata, E. M., & Hoch, S. J. (2004). Spending time versus spending money. Journal of Consumer Research, 31(2), 313-323.
Oliver, R. L. (1981). Measurement and evaluation of satisfaction processes in retail settings. Journal of retailing, 57(3), 25-48.
Oliver, R. L. (1999). Whence consumer loyalty?. Journal of Marketing, 63, 33-44.
Ravald, A., & Grönroos, C. (1996). The value concept and relationship marketing. European Journal of Marketing, 30(2), 19-30.
Rokeach, M. (1973). The nature of human values. New York: The Free Press.
Shapiro, E. (1993). Price lure of private label products fails to hook many buyers of baby food, beer. Wall Street Journal, 13(May), 85-103.
Sheth, J. N., Newman, B. I., & Gross, B. L. (1991). Why we buy what we buy: A theory of consumption values. Journal of Business Research, 22(2), 159-170.
Simons, W. O., & Emanuele, R. (2007). Male-female giving differentials: Are women more altruistic?. Journal of Economic Studies, 34(6), 534-550.
Song, M. Y., & Yang, H. C. (2012). The effect of marketing communication and store loyalty in traditional markets: Focusing on shopping value and shopping experience. Journal of Distribution Science, 10(11), 71-77.
Stern, L. W., Ansary, A. I., & Brown, J. R. (1989). Management in marketing channels. Englewood Cliffs, NJ: Prentice Hall.
Sweeney, J. C., & Soutar, G. N. (2001). Consumer perceived value: The development of a multiple item scale. Journal of Retailing, 77(2), 203-220.
Thomson, D., MacInnis, J., & Park, C. W. (2005). The ties that bind: Measuring the strength of consumers’attachments to brands. Journal of Consumer Psychology, 15(1), 77-91.
Tilker. H. A. (1975). Developmental psychology today (2nd Ed.). New York: Random House Inc.
Washburn, J. H., & Plank, R. E. (2002). Measuring brand equity: An evaluation of a consumer-based brand equity scale. Journal of Marketing Theory and Practice, 10(1), 46-62.
Westbrook, R. A., & Oliver, R. L. (1991). The dimensionality of consumption emotion patterns and consumer satisfaction. Journal of Consumer Research, 18(1), 84-91.
Woodruff, R. B. (1997). Customer value: The next source for competitive advantage. Journal of the Academy of Marketing Science, 25(2), 139-153.
Yang, H. C., Han, S. H., & Eom, K. (2013). Analysis of value pursuit discount store customers using means-end chain theory. Journal of Distribution Science, 4(2), 31-40.
Yang, H. C., Jeon, J. H., & Ju. Y. H. (2013). A study on the impact of perceived regulations for sales at super-supermarket and discount store on consumers’ shopping value and subjective well-being. Journal of Distribution Science, 11(11), 83-88.
Yang, H. C., & Ju. Y. H. (2012). The effect of college students' perceived marketing communication, value and consumption emotion on store loyalty in discount store. Journal of Distribution Science, 10(2), 19-28.
Yang, H. C., Moon, Y. H., & Khan, T. (2013). The impact of marketing and brand value on the long-term purchasing behavior regarding industrial goods. Journal of Distribution Science, 11(5), 25-31.
Yang, H. C., & Oh, Y, S. (2015). Effects of value inclination of the producers on production intention of environment-friendly products: Mediation effects of perceived public certification and shared value. Journal of Economics, Marketing and Management, 3(3), 24-34.
Yoo, B., & Donthu, N. (2001). Developing and validating a multidimensional consumer-based brand equity scale. Journal of Business Research, 52(1), 1-14.
Zeithaml, V. A. (1988). Consumer perceptions of price, quality, and value: A means-end model and synthesis of evidence. The Journal of Marketing, 52(3), 2-22.