Article
Engineering, Industrial
Haytham Omar, Walid Klibi, M. Zied Babai, Yves Ducq
Summary: Omnichannel retailing has increased the complexity of supply chain demand forecasting, as customers now purchase diverse products through various channels. This study proposes a new approach using customer shopping basket data to forecast demand and improve accuracy and stock control in omnichannel retailing. By utilizing network graph theory and marketing literature, four attributes are identified to promote connectivity between products in shopping baskets. Empirical analysis conducted on a major cosmetics retailer in France demonstrates the effectiveness of the proposed forecasting methods, showcasing the benefits of joint forecasting and shared inventory between online and store channels in reducing shortages.
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
(2023)
Article
Business
Eleonora Pantano, Charles Dennis, Michela De Pietro
Summary: This study examines the characteristics of shopping centers through analyzing consumer tweets about 19 main shopping centers in the UK on Twitter, exploring how consumers' needs and choices impact shopping center marketing. The results highlight the relationship between consumers' online evaluations and retail planning, suggesting new approaches for understanding consumer insights.
JOURNAL OF RETAILING AND CONSUMER SERVICES
(2021)
Article
Business
Rohana Sham, Han Xi Chong, Eugene Cheng-Xi Aw, Thahira Bibi Tkm Thangal, Noranita binti Abdamia
Summary: Drone delivery services are gaining popularity in retail, especially among retail giants who are making significant progress in delivering parcels using minimal human intervention. However, understanding consumers' intention to switch from traditional delivery services to drone delivery services requires a comprehensive analysis of innovation barriers, shopping motivations, and individual differences. This study conducted an online survey and analyzed the data using fuzzy set qualitative comparative analysis (fsQCA), revealing five different configurations of causal antecedents.
JOURNAL OF RETAILING AND CONSUMER SERVICES
(2023)
Article
Business
Eleonora Pantano, Milena Viassone, Rosy Boardman, Charles Dennis
Summary: This paper investigates the barriers faced by older consumers in in-store shopping experiences and explores how new retail technologies can help them achieve a sense of inclusion. The findings reveal the limited interactions between older consumers and in-store technologies, the need for developing new technologies to support them, and the potential exclusionary effects of these technologies. The results provide guidelines for retailers to enhance the sense of inclusion for older consumers through better utilization of new technologies.
JOURNAL OF RETAILING AND CONSUMER SERVICES
(2022)
Article
Business
Sangchul Park, Sanghoon Kim, Sungsook Ahn
Summary: This study investigates the impact of different types of art infusion on positive product evaluation and finds the interaction effect between art infusion type (abstract vs. figurative artwork), consumer income level, and product attitude.
JOURNAL OF RETAILING AND CONSUMER SERVICES
(2023)
Article
Energy & Fuels
Victor Moutinho, Henrique Oliveira, Jorge Mota
Summary: The study aims to analyze the relationship between energy commodity prices, such as coal, natural gas, fuel oil, carbon prices, and wholesale electricity prices in the Iberian Electricity Market. The study uses Markov-Switching Dynamic Regression and Markov-Switching Autoregressive Regression techniques and proposes equations with electricity and coal prices as dependent variables. The results show that coal and natural gas moderately affect electricity costs during highly recessive time periods.
Article
Economics
Jamie L. Cross, Chenghan Hou, Bao H. Nguyen
Summary: The study found that demand shocks from China and the rest of the world have a larger impact on the real price of crude oil during periods of high volatility, while supply shocks have a larger effect during low volatility regimes. There is a state-dependent phenomenon observed for the impact of oil price shocks on China economic activity, with relatively small responses noted. Despite being a major player in international oil markets, oil market shocks tend to have little impact on China's real GDP growth.
Article
Business, Finance
Yu-Min Lian, Jun-Home Chen
Summary: This study examines the valuation of foreign exchange (FX) options using a two-factor Markov-modulated stochastic volatility model with double exponential jumps. The model is able to capture both long- and short-term stochastic volatility as well as asymmetrical jumps in the underlying spot FX rate. A Markov-modulated Heath-Jarrow-Morton model is employed for the dynamics of domestic/foreign instantaneous forward interest rates. The study employs the dynamic measure change technique to determine a pricing kernel for deriving the FX option pricing formula and provides numerical illustrations and analysis.
FINANCE RESEARCH LETTERS
(2022)
Article
Business
Federico Rossi, Pradeep K. Chintagunta
Summary: Past research suggests that loyalty programs can generate switching costs for consumers and increase their purchase frequency. This study analyzes fuel prices in the Italian market and finds evidence that gas stations affiliated with loyalty programs increase prices in later periods of the program.
Article
Business
Aylin Aydinli, Lien Lamey, Kobe Millet, Anne ter Braak, Maya Vuegen
Summary: In this study, it is demonstrated through a large-scale field study that perceptions of crowding influence the composition of a consumer's shopping basket. Specifically, increased crowding leads to a shopping basket containing more affect-rich products and national brands. The dual-process explanation offered suggests that crowding-induced distraction limits cognitive capacity, amplifying the role of affective responses in purchase decisions.
JOURNAL OF RETAILING
(2021)
Article
Management
Qingyun Xu, Zhen Shao, Yi He
Summary: The study indicates that after implementing the BOPS option during online shopping carnivals, retailers tend to maintain or lower prices instead of raising them. Factors such as the fraction of BOPS consumers, unit goodwill loss, and online service capacity play significant roles in the implementation of the BOPS option. The study identifies the conditions under which retailers can benefit from the BOPS option.
INTERNATIONAL TRANSACTIONS IN OPERATIONAL RESEARCH
(2021)
Article
Agricultural Economics & Policy
Yan Bai, Robel Alemu, Steven A. Block, Derek Headey, William A. Masters
Summary: This study examines the relationship between the daily cost of essential nutrients and dietary energy in 177 countries worldwide, finding that nutrient adequate diets are more expensive than energy-sufficient ones, with rural travel times and electrification being significant factors influencing diet costs. The data suggests opportunities for targeted policies and programs to improve nutrition status among low-income populations by reducing market prices, increasing nutrition assistance, and enhancing household incomes.
Article
Business
Narimasa Yokoyama, Nobukazu Azuma, Woonho Kim
Summary: This study analyzes the retail patronage formation in the grocery category. The authors found that increasing share-of-visits and customer satisfaction can increase share-of-wallet. They also found that customers' use or non-use of e-retailing can moderate the formation of share-of-wallet.
INTERNATIONAL JOURNAL OF RETAIL & DISTRIBUTION MANAGEMENT
(2023)
Article
Economics
Tobias Renkin, Claire Montialoux, Michael Siegenthaler
Summary: This paper estimates the impact of minimum wage increases on the prices of grocery and drug stores in the US. Using high-frequency scanner data and state-level minimum wage increases between 2001 and 2012, the study finds that a 10% increase in minimum wage leads to a 0.36% increase in grocery product prices. The research also suggests that price adjustments occur predominantly in the three months following the passage of minimum wage legislation, indicating forward-looking pricing in the grocery industry.
REVIEW OF ECONOMICS AND STATISTICS
(2022)
Article
Business
Satoshi Nakano
Summary: This study explores customer demand concentration in multichannel grocery retailing and finds that online demand is more concentrated on popular products compared to physical stores. The online shopping experience also moderates the level of demand concentration among customers.
ELECTRONIC COMMERCE RESEARCH AND APPLICATIONS
(2023)