The retailing industry is experiencing a significant transformation driven by e-commerce adoption and tech-innovations; being under pressure to provide exciting and memorable shopping experiences that lead to customer acquisition and brand loyalty. This paper depicts three innovative retail solutions from Australia for business growth through strategic implementation of technology, in-store design and customer engagement.
Today’s consumers experience the brands within numerous in-store and out-of-store contexts, and tend to focus on their holistic experience with the brands across various retail scenarios. Companies, especially in the luxury industry where multiple retail settings contribute to the formation of the brand image, invest considerable funds to create entertaining, exciting, and emotionally engaging experiences. However, researchers have not yet examined how traditional luxury brand factors interplay with experiential factors across multiple retail settings of the brand.
In marketing literature, researchers have devoted considerable attention to the effect of store environments on consumer behavior (e.g. Baker et al., 2002; Donovan & Rossitier, 1982; Kotler, 1973). At the same time, academic research has also been conscious of the central role of brand image in the consumer-buying process (e.g. Keller, 1993; Kwon & Lennon, 2009). More recently, these two streams are coming together. Practitioners and academics have argued that creating compelling shopping experiences across multiple environments, and along, and beyond, the entire path-to-purchase is a key challenge for maintaining a certain brand image (Interbrand, 2014; Verhoef et al., 2009). In a luxury brand context, whereas brand managers design most of the strategic implementations of the brand, retailers can increasingly craft value to the brand via the creation of multisensory retail experiences (Spence et al., 2014). Luxury brands, such as Chanel, are continuously growing their retail presence, and identifying ways to cultivate the tradition of the brand and create distinctive and unique brand experiences. However, the academic perspective of investigating luxury brand images in contemporary business contexts has been underdeveloped (Berthon et al., 2009; Miller & Mills, 2012).
While this call for more comprehensive and holistic approaches to luxury brand experiences has been raised (Atwal & Williams, 2009), current research predominantly focuses on single aspects of the luxury brand experience, such as in-store multisensory factors (Möller & Herm, 2013), brand owner cues (Tynan et al., 2010), in-store environment cues (Baker et al., 2002), or luxury brand specific factors (Beverland, 2005). The evolving business world needs to implement more holistic and contemporary approaches. By employing the approach of three dimensions store atmospherics (Baker et al., 2002) to luxury brand experiences, this study investigates how consumers integrate traditional brand factors with new factors of consumption. The objective of this article is to understand how various retail settings affect emotional states, which, in turn, affect behavior toward luxury brands. This study addresses the relationship of luxury brand experiences in tight and less controlled retail scenarios, and the ways in which luxury experiences trigger effective successful brand experiences. Utilizing two qualitative studies, the authors consider the interaction between luxury brand experiences and store atmospherics. The paper concludes with relevant implications for academics and practitioners to enable new perspectives on luxury brand strategies, and consumer response to the luxury brand image in the challenging retail landscape.
This study rigorously investigates the multi-faceted factors influencing consumer purchasing behavior in the emerging retail landscape context and posits a suite of optimization strategies. The paper begins by delineating the current trajectory of the new retail industry, underscoring the pivotal role that big data and artificial intelligence play in the transformative processes of enterprises. The study then explores the salient impact of consumer interaction and brand sentiment on purchasing decisions. Consumers are transitioning from focusing solely on material gratification to a heightened emphasis on psychological and emotional fulfillment, particularly in the information age. Hence, retail businesses should initiate diversified interaction strategies rooted in authentic consumer needs and efficacious brand anthropomorphism to bolster emotional engagement and allure a broader consumer base. Conclusively, the paper offers targeted strategies designed to invigorate consumer purchasing behavior, serving as a substantive guide for optimizing marketing and sales tactics in the novel retail milieu.
Purpose – Retail companies are turning from one type of retailer to multiple business categories through various reasons, such as taking advantage of existed types of retailers’ channel distribution, information and know-how, and entering into new types of retailers. However, there is few research conducted about multiple type of retailers.
Research design, data, and methodology – In this research, the references, data and new stores on E-mart will be collected. The dissertation, annual report, statistical data, land-book of E-mart will be also collected to confirm whether E-mart has made any acquisition towards another company.
Results – There is a tendency to new stores expansion, store enlargement and prolonging the opening preparation of new stores, based on the core of new stores expansion of E-mart as a general supermarket type of retailers. Based on general supermarket type of retailers, E-mart begins to diversify its retail company’s type of retailers.
Conclusions – As a general supermarket which is the most important type of retailers, E-mart is expanding into SSM type of retailers to seek new power of growth while slowdown growth is shown in general supermarket type of retailers. The expansion into SSM type of retailers would be a wise option as a retail company, E-mart is able to keep growing in the future.