Understanding multi-channel consumer behavior: A comparison between segmentations of multi-channel purchases by product category and overall products
Fumiyo N. Kondo and
Taishi Okubo
Journal of Retailing and Consumer Services, 2022, vol. 64, issue C
Abstract:
This study explores how customers utilize multiple channels in a recent retail environment. It provides a compatible framework for customer segmentation for overall products and major online-focused product categories, which reflect dynamic purchasing needs in multiple channels, using latent class cluster analysis and focusing on demographic characteristics. It extends prior studies’ frameworks by analyzing 15,938 Japanese single-source panelists’ data on low-involvement frequently purchased categories with customers’ demographics. The analyses revealed eight segments, including the specific properties of multi-channel enthusiasts. The findings imply that FMCG product classes and the corresponding consumer segments that are appropriate for cross-selling can be specified in our system, which incorporates possible future dynamic customer needs and can reduce the possibility of significant profit losses.
Keywords: Multi-channel; Shopping behavior; Latent-class cluster analysis; Dynamic segmentation; Cross-selling in channel (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (8)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joreco:v:64:y:2022:i:c:s0969698921003581
DOI: 10.1016/j.jretconser.2021.102792
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