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Understanding Consumer Reactions to Assortment Unavailability

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important determinants of OOS reactions according <strong>to</strong> the literature. These variables are<br />

classified according <strong>to</strong> the four categories: product-, s<strong>to</strong>re-, situation-, and consumer-related.<br />

2.3.1 Brand equity<br />

In defining brand equity, Chandon, Wansink, and Laurent (2000) make a distinction between<br />

high- and low-equity brands. A brand has high cus<strong>to</strong>mer-based brand equity when consumers<br />

react more favorably <strong>to</strong> a product when the brand is identified than when it is not (Keller 2002).<br />

In general, consumers value high-equity brands more than low-equity brands. Compared with<br />

high-equity brands, low-equity brands do not provide as many benefits and are bought mainly<br />

because of their lower price (Chandon, Wansink, and Laurent 2000). Therefore, some<br />

researchers suggest that the difference in price level between a national brand and a private label<br />

is a good indica<strong>to</strong>r of brand equity (Kamakura and Russell 1993). A theoretical advantage of<br />

using brand equity as an antecedent of OOS reactions is that both manufacturer and retailer<br />

brands (i.e., private labels) can be classified according <strong>to</strong> this criterion (Ailawadi, Lehmann, and<br />

Neslin 2002).<br />

Figure 2.1: Conceptual model of s<strong>to</strong>ck-out responses<br />

Brand equity<br />

Hedonic level<br />

Product Product- Related<br />

- Number of brands<br />

- S<strong>to</strong>ckpiling<br />

- Brand loyalty<br />

- Impulse buying<br />

- Buying frequency<br />

H 2a,b,c,d,<br />

H 3a,b,c,d, 3a,b,c,d,<br />

H 1a,b,c,d,<br />

S<strong>to</strong>re S<strong>to</strong>re- Related<br />

- Alternative s<strong>to</strong>res<br />

- S<strong>to</strong>re type<br />

- S<strong>to</strong>re loyalty<br />

OOS - responses<br />

- Brand switch<br />

- S<strong>to</strong>re switch<br />

- Item switch<br />

- Postponement<br />

Situation Situation- Related<br />

- Shopping trip<br />

- Part of week<br />

- Product usage<br />

34<br />

Full Model<br />

Hypothesized Effects<br />

<strong>Consumer</strong> <strong>Consumer</strong>- Related<br />

- Shopping attitude<br />

- Shopping frequency<br />

- General time constraint<br />

- Age<br />

- Price consciousness<br />

- Quality consciousness

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