TITLE

Executive Summaries: Experiential value: conceptualization, measurement and application in the catalog and Internet shopping environment

AUTHOR(S)
Mathwick, Charla; Malhotra, Naresh; Rigdon, Edward
PUB. DATE
March 2001
SOURCE
Journal of Retailing;Spring2001, Vol. 77 Issue 1, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Editorial
ABSTRACT
This article describes the development of a measurement tool to examine differences in experiential value delivered by multichannel retail systems. Internet and catalog retail operation was chosen as the context for this article. Strong profitability trends are beginning to emerge in Internet-catalog pairings, suggesting this channel combination warrants investigation. Despite its growing importance, however, the impact of this and other multichannel systems on the consumer shopping experience is largely unexplored. At no time in history, has the retail experience undergone more dramatic and profound change. In what has been dubbed an emerging "Experience Economy," the retail environment is becoming a stage for delivering memorable, relevant and valued experiences. The brick-and-mortar segment, for example, is being transformed into "retail interactive theater," staffed to offer advice, cooking lessons, beauty makeovers and fashion shows. When consumers are looking for control and convenience, however, direct channels become the venue of choice. If retailers hope to design and position their various channel options as an integrated package, understanding these fundamental differences in the consumer's perception of the multichannel shopping experience is essential.
ACCESSION #
4345748

 

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