바로가기메뉴

본문 바로가기 주메뉴 바로가기

logo

메뉴

What Happens When Luxury Brands are Sold via Online Shopping?: Comparing the Online Shopping Model Between a Luxury Brand and a Mass Brand

Abstract

Despite the emerging growth of luxury shopping online, there have been few studies examining what happens when luxury brands are sold online, from the perspectives of product quality and online shopping values perspective. Thus, this study developed an online shopping model, which was then empirically tested with structural equation modeling. Using a two-factorial research design, this study looked at a luxury brand (Chanel) by comparing a massbrand (Uniqlo) as the control variable. Data was obtained, using a within - subject survey, from 275 luxury consumers. Overall, the results showed that people perceived the brand quality of luxury and mass brands differently, when these products were sold online. Luxury consumers had the low quality perception on luxury brands online, and the positive relationship between the quality perception and shopping value for luxury brands was weaker than for mass brands. In contrast to the previous shopping literature, the study found that the online shopping values for luxury brands and entertainment did not affect purchase intention. Financial risk had a strong negative impact on online shopping values and positively influenced search intention. The results found that the online shopping values did not influence purchase intention online because of the low perception of luxury brand quality and a perception of high financial risk perception associated with online shopping. For the managerial implication, both luxury manufacturers and online retailers should be cautious when selling luxury brands online. They need to develop better online shopping value offerings, such as low financial risk and high entertainment.

keywords
luxury brand, online shopping value, risk perception, entertainment, search intention

Reference

1.

Ackerman, D., & Tellis, G. (2001). Can culture affect prices? A cross-cultural study of shopping and retail prices, Journal of Retailing, 77, 57-82.

2.

& themsot (2009). Luxury Report.

3.

Bagozzi, R. P., & Heatherton, T. (1994). A general approach to representing multifaceted personality constructs: approach to state self-esteem, Structural Equation Modeling, 1, 35-67.

4.

Bain & Company (2009). Bain 'Luxury Goods Worldwide Market' Study.

5.

Blakney, V., & Seley, W. (1994). Retail attributes: Influence on shopping mode choice behavior, Journal of Managerial Issues, 6, 101-118.

6.

Bryjolfsson, E., & Smith, M. D. (2000). Frictionless commerce? A comparison of Internet and conventional retailers, Management Science, 46, 563-585.

7.

Buchanan, L., Simmons, C. J., & Bickart, B. A. (1999). Brand equity dilution: retailer display and context brand effects, Journal of Marketing Research, 36, 345-355.

8.

Burke, R. R. (1997). Do you see what I see? The future of virtual shopping, Journal of the Academy of Marketing Science, 25, 352-360.

9.

Business Wire. (2001). Web stores are leaving the affluent blaze about Buying Luxury Goods Online, (3/14).

10.

Chapman, J. D. (1993). The effect of discounts on the price-perceived quality paradigm, Journal of Marketing Theory and Practice, 2, 1-11.

11.

Childers, T. L., Christopher L. C., Joan P., & Tephen, C. (2001). Hedonic and utilitarian motivations for online retail shopping behavior, Journal of Retailing, 77, 505-535.

12.

Clemons, E. K., & Hann, I. (1999). Rosenbluth international: strategic transformation of a successful enterprise, Journa lof Management Information Systems, 16, 9-27.

13.

Clifford, S. (2010). High fashion relents to Web’s pull. The New York Times, July 11.

14.

ComScore (2010). “State of the US online Retail Economy”

15.

Corbitt, B. J., Thanasankit, T., Yi, H. (2003). Trust and e-commerce: a study of consumer perceptions. Electronic Commerce Research and Applications, 2(3), 203-215.

16.

Digital News (2008). “Luxury Brand, rushing on Internet Shopping Mall”

17.

Dodds, W. B., Monroe, K. B., & Grewal, D. (1991). The effects of price, brand, and store information on buyers’ product evaluation, Journal of Marketing Research, 28, 307-319.

18.

Doyle, M. (1984). New ways of measuring value, Progressive Grocer-value, Executive Report, 15-19.

19.

Grewal, D., Monroe, K. B.,& Krishnan, R. (1998). The effect of price-comparison advertising on buyers’ perceptions of acquisition value, transaction value, and behavioral intentions, Journal of Marketing, 62, 46-59.

20.

Hong, B. S., & Na, Y. K. (2007). The impact of apparel consumer’s product attributes, price property, shopping value on Internet shopping satisfaction, Journal of the Korean Society of Clothing and Textiles, 37(7), 1075-1084.

21.

Jacoby, J., & Mazursky, D. (1984). Linking brand and retailer images-do the potential risks outweigh the potential benefits?, Journal of Retailing, 60, 105-122.

22.

Jarvenpaa, S. L., & Tractinsky, N. (1999). Consumer trust in an Internet store: a cross-cultural validation, Journal of Computer- Mediated Communications, 5. Available at:www. ascusc.org/jcmc/vol5/issues2/jarvenpaa.hyml

23.

Jarvenpaa, S. L., Tractinsky, N., Vitale, M. (2000). Consumer Trust in an Internet Store, Information Technology and Management, 1(1-2), 45-71.

24.

Kim, S. Y., & Lim, Y. J. (2001). Consumers’ perceived importance of and satisfaction with Internet shopping, Electronic Markets, 11, 148-154.

25.

Li, H., Kuo, C., & Russell, M. G. (1999). The impact of perceived channel utilities, shopping orientations, and demographics on the consumer’s online buying behavior, Journal of Computer-Mediated Communication, 5, Available at:http://www.ascuse.org/jcmc/vol5/issue2/hairong.html

26.

Marmortein, H. D., Grewal, D., & Fishe, R. P. H. (1992). The value of time spent in price comparison shopping: survey and experimental evidence, Journal of Consumer Research, 19, 25-41.

27.

Mathwick, C., Malhotra, N, K., & Rigdon, E. (2001). Experiential value: conceptualization, measurement and application in the catalog and Internet shopping environment, Journal of Retailing, 77, 39-56.

28.

Menon, S., & Kahn, B. (2002). Cross-category effects of induced arousal and pleasure on the Internet shopping experience, Journal of Retailing, 78, 31-40.

29.

Miyazaki, A. D., & Fernandez, A. (2001) Consumer of privacy and security risks for online shopping, The Journal of Consumer Affairs, 35, 27-44.

30.

Monroe, K. B., & Chapman, J. D. (1987). Framing effects on buyers subjective product evaluations, In Advances Consumer Research, 14, Melanie Wallendorf and Paul Anderson, eds. Provo, UT: Association for Consumer Research, 193-197.

31.

Park, E. J. & Kang, E. M. (2005). The impact of Internet fashion mall shopping values, the Internet fashion mall property, feelings, and purchase intention on purchase, Korea Journal of Home Economics, 15(1), 1-12.

32.

Sweeney, J. C., & Soutar, G. N. (2001). Consumer perceived value: the development of a multiple items scale, Journal of Retailing, 77, 203-220.

33.

Sweeney, J. C., Soutar, G. N., & Johnson, L. W. (1999). The role of perceived risk in the quality-value relationship: a study in a retail environment, Journal of Retailing, 75, 77-105.

34.

Szymanski, D. M., & Hise, R. T. (2000). E-satisfaction: an initial examination, Journal of Retailing, 76(3), 309-322.

35.

Tang, F., & Xing. X. (2001). Will the growth of multi-channel retailing diminish the pricing efficiency of the web?, Journal of Retailing, 77, 319-333.

36.

Tauber, E. M. (1972). Why do people shop?, Journal of Marketing, 36, 46-49.

37.

The New York Times (2010). “High Fashion Relents to Web’s Pull”

38.

Urbany, J. E., Bearden, W. O., & Weibaker, D. C. (1988). The effect of plausible and exaggerated reference prices on consumer perceptions and price search, Journal of Consumer Research, 15, 95-110.

39.

Zeithaml, A. (1988). Consumer perceptions of price, quality, and value: a means-end model and synthesis of evidence, Journal of Marketing, 52, 2-22.

logo