This article presents a marketing communications process that uses customer relationship management ideas for multichannel retailers. The authors describe and then demonstrate the process with enterprise-level data from a major U.S. retailer with multiple channels. On the basis of the results, the authors develop an initial marketing communications strategy for the retailer.
AndersonT.W., and GoodmanLeo A. (1957), “Statistical Inference About Markov Chains,”The Annals of Mathematical Statistics, 28 (1), 89–110.
3.
AnsariAsim, MelaCarl, and NeslinScott A. (2005), “Customer Channel Migration,” working paper, Tuck School of Business, Dartmouth College.
4.
BalasubramanianSridhar, RaghunathanRajagopal, and MahajanVijay (2005), “Consumers in a Multichannel Environment: Product Utility, Process Utility, and Channel Choice,”Journal of Interactive Marketing, 19 (2), 12–30.
5.
BendolyElliot, BlocherJames, BretthauerKurt M., KrishnanShanker, and VenkataramananM.A. (2005), “Online/In-Store Integration and Customer Retention,”Journal of Service Research, 7 (4), 313–28.
6.
BergerPaul D., BoltonRuth, BowmanDouglas, BriggsElten, KumarV., ParasuramanA., and TerryCreed (2002), “Marketing Actions and the Value of Customer Assets: A Framework for Customer Asset Management,”Journal of Service Research, 5 (1), 39–54.
7.
BouldingWilliam, KalraAjay, and StaelinRichard (1999), “The Quality Double Whammy,”Marketing Science, 18 (4), 463–84.
8.
BreimanL., FriedmanJ.H., OlshenR.A., and StoneC.J. (1984), Classification and Regression Trees.Belmont, CA: Wadsworth International Group.
9.
BrynjolfssonErik, and SmithMichael D. (2000), “Frictionless Commerce? A Comparison of Internet and Conventional Retailers,”Management Science, 46 (4), 563–85.
10.
ClearyM. (2000), “The Promise of Multichannel Retailing,”Inter@ctive Week, (October 9), 50.
11.
DholakiaRuby Roy, ZhaoMiao, and DholakiaNikhilesh (2005), “Multichannel Retailing: A Case Study of Early Experiences,”Journal of Interactive Marketing, 19 (2), 63–74.
12.
EaglyAlice H., and ChaikenShelly (1993), The Psychology of Attitudes.Fort Worth, TX: Harcourt Brace Jovanovich.
13.
ForsterStacy (2004), “When One Hand Doesn't …,”The Wall Street Journal, (March 22), R3.
14.
FoxEdward J., MontgomeryAlan L., and LodishLeonard M. (2004), “Consumer Shopping and Spending Across Retail Formats,”The Journal of Business, 77 (2), S25–S60.
15.
KamakuraWagner, and RussellGary J. (1989), “A Probabilistic Choice Model for Market Segmentation and Elasticity Structure,”Journal of Marketing Research, 26 (November), 379–90.
16.
KumarV., and VenkatesanRajkumar (2005), “Who Are the Multichannel Shoppers and How Do They Perform? Correlates of Multichannel Shopping Behavior,”Journal of Interactive Marketing, 19 (2), 63–74.
17.
MontgomeryDavid B. (1969), “A Stochastic Response Model with Applications to Brand Choice,”Management Science, 15 (7), 323–37.
18.
NunesPaul F., and CespedesFrank V. (2003), “The Customer Has Escaped,”Harvard Business Review, 81 (November), 96–105.
19.
ReinartzWerner, ThomasJacquelyn S., and KumarV. (2005), “Balancing Acquisition and Retention Resources to Maximize Customer Profitability,”Journal of Marketing, 69 (January), 63–79.
20.
SchoenbachlerD.D., and GordonG.L. (2002), “Multi-Channel Shopping: Understanding What Drives Channel Choice,”Journal of Consumer Marketing, 19 (1), 42–53.
21.
ShankarVenkatesh, RangaswamyArvind, and PusateriMichael (2001), “The Online Medium and Price Sensitivity,” working paper, Mays Business School, Texas A&M University.
22.
StyanGeorge P.H., and SmithHarryJr. (1964), “Markov Chains Applied to Marketing,”Journal of Marketing Research, 1 (February), 50–55.
23.
TellisGerard J. (2003), “Econometric Estimation of Media Effectiveness and the Optimal Allocation of Media Expenditures,” in Measuring and Allocating Marcom Budgets: Seven Expert Points of View.Cambridge, MA: Marketing Science Institute, 45–52.
24.
ThomasJacquelyn S., BlattbergRobert C., and FoxEdward (2004), “Recapturing Lost Customers,”Journal of Marketing Research, 41 (February), 31–45.
25.
YoungSam J. (2001), “Make the Most of Every Channel,”Catalog Age, 18 (March), 61–62.