DOI QR코드

DOI QR Code

The Effects of Multi-channel Attributes of Dongdaemun-based Fashion Brands on Customer Equity

동대문 기반 패션 브랜드의 멀티채널 속성이 고객자산에 미치는 영향 연구

  • Ko, Jeonmi (Dept. of Clothing & Textiles, Yonsei University) ;
  • Ko, Eunju (Dept. of Clothing & Textiles, Yonsei University)
  • 고전미 (연세대학교 의류환경학과) ;
  • 고은주 (연세대학교 의류환경학과)
  • Received : 2016.02.11
  • Accepted : 2016.11.25
  • Published : 2016.12.31

Abstract

This study aims to extract the multi-channel attributes of Dongdaemun-based fashion brands and consider the effects of these attributes on customer equity, customer satisfaction and re-purchase intention. In total, 493 samples of those who have purchased Dongdaemun-based fashion brand products using multi-channels were collected for the final data analysis, which was performed using SPSS 21.0 and AMOS 18.0. The findings of study are as follows. Among the multi-channel attributes of Dongdaemun-based fashion brands, entertainment and informativeness had a significant effect on all customer equity drivers. In terms of the effects of customer equity drivers on customer satisfaction and re-purchase intention, all customer equity drivers significantly influenced customer satisfaction, while brand equity significantly influenced re-purchase intention. Also, customer satisfaction significantly affected re-purchase intention. In the effective relationship between customer equity drivers and CLV, brand equity causes a significant influence on CLV amongst the customer equity drivers. There were significant differences among groups following the multi-channel shopping orientation of consumers. This study is significant for its scientific focus on the distribution channels of Dongdaemun, and in terms of the practical aspect of identifying the multi-channel attributes considered to be important to consumers. Measuring customer equity will suggest implications about the long-term direction of the development of Dongdaemun-based fashion brands.

Keywords

References

  1. Aaker, D. (1991). Managing brand equity: Capitalizing on the value of a brand name. New York: Free Press.
  2. Agnihotri, A. (2015). Can brick-and-mortar retailers successfully become multichannel retailers?. Journal of Marketing Channels, 22(1), 62-73. doi:10.1080/1046669X.2015.978702
  3. Ahn, M. Y. (2014). A study on apparel product quality recognition of Dongdanmoon fashion market. Journal of Korean Institute of Culture Product Art & Design, 38, 67-77.
  4. Bae, B. I. (2015). The effect of purchasing factors of mobile fashion shopping on customer satisfaction and repurchase intention. Unpublished master's thesis, Konkuk University, Seoul.
  5. Balasubramanian, S., Raghunathan, R., & Mahajan, V. (2005). Consumers in a multichannel environment: Product utility, process utility, and channel choice. Journal of Interactive Marketing, 19(2), 12-30. doi:10.1002/dir.20032
  6. Blattberg, R. C., & Deighton, J. (1996). Manage marketing by the customer equity test. Harvard Business Review, 74(4), 136.
  7. Blazquez, M. (2014). Fashion shopping in multichannel retail: The role of technology in enhancing the customer experience. International Journal of Electronic Commerce, 18(4), 97-116. https://doi.org/10.2753/JEC1086-4415180404
  8. Bong Na, W., Marshall, R., & Lane Keller, K. (1999). Measuring brand power: Validating a model for optimizing brand equity. Journal of Product & Brand Management, 8(3), 170-184. doi:10.1108/10610429910272439
  9. Chae, H., Ko, E., & Han, J. (2015). How do customers' SNS participation activities impact on customer equity drivers and customer loyalty? Focus on the SNS services of a global SPA brand. Journal of Global Scholars of Marketing Science, 25(2), 122-141. doi:10.1080/21639159.2015.1012809
  10. Chaudhuri, A., & Holbrook, M. B. (2001). The chain of effects from brand trust and brand affect to brand performance: The role of brand loyalty. Journal of Marketing, 65(2), 81-93. doi:10.1509/jmkg.65.2.81.18255
  11. Cho, S. L. (2011). Effects of relationship marketing activities on customer equity drivers and customer behaviors. Management Information Systems Review, 30(2), 185-210. https://doi.org/10.29214/damis.2011.30.2.008
  12. Cho, W. S. (2007). The relationships between service quality, trust and repurchase intention. Tourism Study, 21(4), 227-244.
  13. Choi, J. (2004). Consumer multichannel choice behavior in the information search and purchasing stages. Journal of Consumer Studies, 15(4), 103-120.
  14. Chun, E., Ko, J., Lee, J., & Ko, E. (2013). The effect of sports event tourism on event attitude and the brand equity of sportswear sponsors. Journal of Global Scholars of Marketing Science, 23, 72-91. doi:10.1080/21639159.2012.744512
  15. Cronin, J. J., Brady, M. K., & Hult, G. T. M. (2000). Assessing the effects of quality, value, and customer satisfaction on consumer behavioral intentions in service environments. Journal of Retailing, 76(2), 193-218. doi:10.1016/S0022-4359(00)00028-2
  16. Fornell, C., Johnson, M. D., Anderson, E. W., Cha, J., & Bryant, B. E. (1996). The American customer satisfaction index: Nature, purpose, and findings. Journal of Marketing, 60(4), 7-18. doi:10.2307/1251898
  17. Gensler, S., Verhoef, P. C., & Bohm, M. (2012). Understanding consumers' multichannel choices across the different stages of the buying process. Marketing Letters, 23(4), 987-1003. doi:10.1007/s11002-012-9199-9
  18. Gupta, S., & Lehmann, D. R. (2003). Customers as assets. Journal of Interactive Marketing, 17(1), 9-24. doi:10.1002/dir.10045
  19. Gwinner, K. P., Gremler, D. D., & Bitner, M. J. (1998). Relational benefits in services industries: The customer's perspective. Journal of the Academy of Marketing Science, 26(2), 101-114. doi:10.1177/0092070398262002
  20. Hair, J. F., Black, B., Babin, B., Anderson, R. E., & Tatham, R. L. (2006). Multivariate data analysis (6th ed.). New Jersey, NJ: Prentice Hall International.
  21. Hellier, P. K., Geursen, G. M., Carr, R. A., & Rickard, J. A. (2003). Customer repurchase intention: A general structural equation model. European Journal of Marketing, 37(11/12), 1762-1800. doi:10.1108/03090560310495456
  22. Hong, B. S., & Lee, E. J. (2007). The distribution revitalization policy by the structural characteristic analysis of dongdaemoon fashion market. Journal of Distribution Research, 12(5), 153-174.
  23. Jang, W. Y., Cho, K. M., & Park, J. H. (2014). The effects of the congruence between sports brand personality and self-image on brand loyalty and repurchase intention. Korean Journal of Sport Management, 19(3), 121-136.
  24. Joo, Y. H. (2010). Multichannel shopping and customer satisfaction : The role of shopping experience and customer-firm relationship characteristics. Journal of Distribution Research, 15(4), 21-60.
  25. Ju, S. R., & Chung, M. S. (2012). The effects of college students' perceived value of and satisfaction with loyalty program on customer loyalty in fashion firms. The Research Journal of the Costume Culture, 20(3), 378-391. doi:10.7741/rjcc.2012.20.3.378
  26. Kim, A., & Ko, E. (2012). Do social media marketing activities enhance customer equity? An empirical study of luxury fashion brand. Journal of Business Research, 65(10), 1480-1486. doi:10.1016/j.jbusres.2011.10.014
  27. Kim, D. Y., & Kim, S. H. (2013). The impacts of three drivers of customer equity on firm value. The Academy of Customer satisfaction Management, 15(1), 27-52.
  28. Kim, J. H., Chung, S. J., & Kim, D. G. (2015). Importance of apparel product selection criteria to retail buyers in Dongdaemun market. Korean Fashion & Costume Design Association, 17(2), 1-10.
  29. Kim, J. H., & Lee, J. H. (2011). A study on factors that affect the selection of multichannel in the apparel retail - Based on the characteristics of marketing and customer. Journal of the Korean Society of Clothing and Textiles, 35(7), 801-815. doi:10.5850/JKSCT.2011.35.7.801
  30. Kim, M. Y. (2014a). Exploratory study on global marketing strategy for the Dongdaemun fashion district. Journal of the Korean Society of Costume, 64(3), 47-61. doi:10.7233/jksc.2014.64.3.047
  31. Kim, S. H. (2007). A study on the fast fashion(Part 1) - Focusing on marketing strategy. The Research Journal of the Costume Culture, 15(5), 875-887. https://doi.org/10.29049/rjcc.2007.15.5.875
  32. Kim, S. (2014b). Is Dongdaemun fashion on the rise?. Fashionbiz.co.kr. Retrieved from http://www.fashionbiz.co.kr/RE/print.asp?cate=2&recom=&idx=142476&uidx=0
  33. Kim, S. H., Lee, S. H., & Lim, T. S. (2014). The effect of self-brand image congruity and functional congruity on brand love, brand attitude and consumers' responses. Journal of Markeing Studies, 22(4), 1-19.
  34. Kim, Y. C., Whang, S. J., & Kim, M. J. (2009). The effect of consumer involvement on the relationship between brand equity and customer satisfaction. The Korean Venture Management Review, 12(2), 93-115.
  35. Ko, E., Choo, H., Lee, J. Y., Song, S., & Whang, H. (2013). Triangulated value perspectives of Place marketing: A case of Dongdaemun and the Doota shopping mall. Journal of Global Fashion Marketing, 4(4), 299-318. doi:8080/10.1080/20932685.2013.822683
  36. Ko, E., Lee, M. A., Lee, M. Y., Phan, M., Kim, K. H., Hwang, Y. K., & Burns, L. D. (2011). Product attributes' effects on perceived values and repurchase intention in Korea, USA, and France. Journal of Global Scholars of Marketing Science, 21(3), 155-166. doi:8080/10.1080/21639159.2011.9711022
  37. Ko, E., & Oh, S. M. (2009). A study on customer equity of luxury brands. Journal of the Korean Society of Clothing and Textiles, 33(7), 1025-1037. doi:10.5850/JKSCT.2009.33.7.1025
  38. Konus, U., Verhoef, P. C., & Neslin, S. A. (2008). Multichannel shopper segments and their covariates. Journal of Retailing, 84(4), 398-413. doi:10.1016/j.jretai.2008.09.002
  39. Kumar, V., & Venkatesan, R. (2005). Who are the multichannel shoppers and how do they perform?: Correlates of multichannel shopping behavior. Journal of Interactive Marketing, 19(2), 44-62. doi:10.1002/dir.20034
  40. Lee, C. H., Ko, E., Tikkanen, H., Phan, M. C. T., Aiello, G., Donvito, R., & Raithel, S. (2014). Marketing mix and customer equity of SPA brands: Cross-cultural perspectives. Journal of Business Research, 67(10), 2155-2163. doi:10.1016/j.jbusres.2014.04.025
  41. Lee, G. H. (2007). An analysis of consumer choice between the internet and TV home shopping channels. Journal of Distribution Research, 12(4), 27-47.
  42. Lee, G. I. (2012). The effect of global SPA brand's experiential marketing provider on shopping experience and customer. Unpublished master's thesis, Yonsei University, Seoul.
  43. Lee, K. Y., Baek, J. H., & Park, K. D. (2010). Effects of consumers' experience of brand shop on brand equity. Korean Journal of Communication Studies, 18(2), 83-103.
  44. Lee, M. J., & Lee, K. H. (2013). Mobile shopping motives and fashion application acceptance. Journal of Digital Convergence, 11(1), 153-163. https://doi.org/10.14400/JDPM.2013.11.1.153
  45. Lim, M. S., Kim, D. Y., & Lee, M. K. (2010). A study on revitalization strategies for Dongdaemoon fashion retail market. Journal of Fashion Business, 14(4), 41-57.
  46. Liu, Y. (2007). The long-term impact of loyalty programs on consumer purchase behavior and loyalty. Journal of Marketing, 71(4), 19-35. doi:10.1509/jmkg.71.4.19
  47. McGoldrick, P. J., & Collins, N. (2007). Multichannel retailing: Profiling the multichannel shopper. International Review of Retail, Distribution and Consumer Research, 17(2), 139-158. doi:10.1080/09593960701189937
  48. Mittal, V., & Kamakura, W. A. (2001). Satisfaction, repurchase intent, and repurchase behavior: Investigating the moderating effect of customer characteristics. Journal of Marketing Research, 38(1), 131-142. doi:10.1509/jmkr.38.1.131.18832
  49. Oliver, R. L. (1997). Satisfaction: A behavioral perspective on the consumer. New York, NY: Irwin-McGraw-Hill.
  50. Oliver, R. L., & Swan, J. E. (1989). Equity and disconfirmation perceptions as influences on merchant and product satisfaction. Journal of Consumer Research, 372-383. doi:8080/10.1086/209223
  51. Pappu, R., & Quester, P. (2006). Does customer satisfaction lead to improved brand equity? An empirical examination of two categories of retail brands. Journal of Product & Brand Management, 15(1), 4-14. doi:8080/10.1108/10610420610650837
  52. Parasuraman, A., Berry, L. L., & Zeithaml, V. A. (1991). Refinement and reassessment of the SERVQUAL scale. Journal of Retailing, 67(4), 420.
  53. Pascale, M. (2000). Online catalogers. Spending more, making more, brining more inhouse. Catalog Age, 6, 8-13.
  54. Park, G. J., Chung, K. H., & Park, S. Y. (2011). The effect of channel equity on private brand image and purchase intent. Korea Research Academy of Distribution and Management Review, 14(5), 27-49.
  55. Park, H. S., & Kim, H. S. (2011). The effects of benefits and online shopping risks on channel selection for luxury fashion items. Journal of the Korean Society of Clothing and Textiles, 35(1), 13-25. doi:10.5850/JKSCT.2011.35.1.013
  56. Park, S. (2008). A study on the relation effects and respons act in the distribution channels of national & foreign clothing brand - The relationship between the department store and the tenant in the departmentstore. Korea Research Academy of Distribution and Management Review, 11(4), 79-106.
  57. Park, S. H. (2015). New concept of Dongdaemun select shop. Economymk.co.kr. Retrieved from http://news.mk.co.kr/newsRead.php?year=2015&no=324333.
  58. Rios, R. E., & Riquelme, H. E. (2008). Brand equity for online companies. Marketing Intelligence & Planning, 26(7), 719-742. doi:8080/10.1108/02634500810916681
  59. Rust, R. T., Lemon, K. N., & Zeithaml, V. A. (2004). Return on marketing: Using customer equity to focus marketing strategy. Journal of Marketing, 68(1), 109-127. doi:10.1509/jmkg.68.1.109.24030
  60. Rust, R. T., Zeithaml, V., & Lemon, K. (2000). Driving customer equity: How customer lifetime value is reshaping corporate strategy. London: Somin and Schuster.
  61. Shon, H. J. (2013, September). 'ICT and retail: Omni-channel'. Digieco report. 201305. Retrieved from www.digieco.org.
  62. Stone, M., Hobbs, M., & Khaleeli, M. (2002). Multichannel customer management: The benefits and challenges. Journal of Database Marketing, 10(1), 39-52. doi:10.1057/palgrave.jdm.3240093
  63. Sun, Y., Kim, K. H., & Kim, J. R. (2014). Examining relationships among sustainable orientation, perceived sustainable marketing performance, and customer equity in fast fashion industry. Journal of Global Fashion Marketing, 5(1), 74-86. doi:8080/10.1080/20932685.2013.866319
  64. Taylor, S. A., Celuch, K., & Goodwin, S. (2004). The importance of brand equity to customer loyalty. Journal of Product & Brand Management, 13(4), 217-227. doi:8080/10.1108/10610420410546934
  65. Taylor, S. A., & Cronin, J. J. (1994). SERVPERF versus SERVQUAL: Reconciling performance-based and perceptions-minus-expectations. Journal of Marketing: A Quarterly Publication of the American Marketing Association, 58(1), 125-131. doi:10.2307/1252256
  66. Wang, C. Y., & Hsu, M. K. (2010). The relationships of destination image, satisfaction, and behavioral intentions: An integrated model. Journal of Travel & Tourism Marketing, 27(8), 829-843. doi:8080/10.1080/10548408.2010.527249
  67. Woo, J., Park, H. S., & Yun, S. J. (2005). An exploratory study of component and formation of customer equity. Journal of Marketing Management Research, 10(3), 113-129.
  68. Yang, Z., & Peterson, R. T. (2004). Customer perceived value, satisfaction, and loyalty: The role of switching costs. Psychology & Marketing, 21(10), 799-822. doi:10.1002/mar.20030
  69. Yun, S. Y., & Ko, E. (2006). A study on measuring and defining dimensions of fashion product customer equity. Journal of the Korean Society of Clothing and Textiles, 30(9,10), 1389-1399.
  70. Yun, S. J., Woo, J., & Park, H. S. (2006). Relationship among marketing activities, customer equity and Brand equity. Korean Journal of Business Administration, 19(1), 1-24.
  71. Zeithaml, V. A. (1988). Consumer perceptions of price, quality, and value: A means-end model and synthesis of evidence. Journal of Marketing, 52(3), 2-22. doi:10.2307/1251446