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Online shopping importance
Marketing Strategy in E-commerce Environment
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Online retailing refers to an online interaction relationship between retailers and customers which the retailer fulfills customer’s order through the retailer’s website and these has quickly emerged to become an important class of service operation (Smith, Karwan, & Markland, 2007). According to Nordin and Nik Kamariah (2011), online shopping experienced dramatic expansion and become popular among counties with well-developed infrastructure for marketing activities over the Internet. Thus, many companies have transformed and expanded their businesses from traditional stores to online stores in order to focus on transaction of commodities or services through online retailing (Gondwe, 2010).
Furthermore, Liu, He, Gao, and Xie (2008) found that
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This is because online retailers can implement marketing strategies that drive customers to shop online. Perceived usefulness is one of the factors that influence customer intention. Usefulness refers to how a website brings value, effectiveness and advantage to customer that will influence their purchase decision. Furthermore, Honarbakhsh, Hooi, Kavianpour and Shadkam (2013) found that the perceived ease of use has significant impact on customer intention to online retailing. This is because customer can experience the convenient and searching products or services by browsing the website.
Next, trust is a crucial factor in marketing for successful business trades and maintaining online customer relationships (Rios & Riquelme, 2008, p. 733). Trust can increase the level of customer’s confidence towards the online retailing. Last but not least, perceived enjoyment is also one of the key factors that affect customer purchase intention. Testing the impact of perceived enjoyment can help retailers to more understand the customer behavior.
Despite online retailing is popular today, but there is still lack of understanding concerning with the online retailing and its impact on marketing (Chua, Khatibi & Ismail, 2006). Overall, online retailers can enhance customer satisfaction and loyalty to their stores by offering competitive
Key Issues The growing popularity of online retailing is attracting competition from traditional and online multi-retailers such as Wal-Mart and Amazon, which are gaining considerable market shares in many of the product segments included in the specialty retail sector. Currently, the majority of revenue is generated by store sales, but online sales from the stores’ websites are increasing. With the US dollar getting weaker, international sales from these US based websites are increasing too. This creates a significant positive outlook for the large incumbent players but also acts as a significant barrier of entry for new players.
Amazon.com operates in the Online Retail Industry. The sector is one of the fastest growing globally and is outperforming the ordinary retail marketplace. It was created after 1995 and it was only the Internet that made it possible for such an industry not only to be established but to become one of the most flourishing sectors in the business environment. What is interesting is that Amazon.com, together with eBay is the pioneer in the field. Both companies were launched in 1995 and are still extremely successful. The creation of e-mail in 1996 had a huge impact on the development of online retail by introducing a fast and easy way to communicate with customers. For this two-year period Internet usage doubled annually, thus, allowing for the expansion of the industry. Google is launched a year later, in 1998, only to become the most used search engine in the world and an essential partner for the online retailers by helping them tailor their websites to customer’s personal preferences and by advertising. After that, more and more people see the opportunity in the growing industry and enter it. By 2001 there are more than 513 million Internet users globally, which calls for action in terms of creating regulations and laws to protect the users and personal property. In 2003, Apple launches iTunes, and provides a platform for low-cost digital downloads. Another major change is the appearance of social media from 2004, which is one of the biggest influencer on the state of the industry. With the launch of iPhone in 2007, this trend strengthens as people get to enjoy the Internet anywhere they want to. From then on, technological advancements have made it extremely easy and fun to shop online, making it ...
Based on these concerns, retailers in the international marketplace have their work cut out for them. But through proper education of consumers, and the ever-expanding growth of the infrastructure in many countries, the future seems to be leaning heavily towards using the Internet for many needs.
The retail scenery is already shifting to better prospects. More customers now are shopping online. Sales through e-commerce have risen to 20% from 15%. Digital retailing is growing very fast and it will persistently flourish. The bases behind this are: the vast options available, easy accessibility, convenience, product reviews and suggestions, sometimes free delivery.
Growth of internet retailing has been credited to retailers’ efforts to develop businesses by improving their products expanding their reach to serve other areas aside from Metro Manila and carry out promotions like markdowns and discounts.
Retail IT solutions for chain retailers across verticals such as: specialty, hypermarkets, department store, supermarkets, food-service and kiosk retailing
The retail industry has experienced doom and gloom since last few decades. Digital retail Renaissance is on its way, transforming the retail world linking consumer, device and data generating a smarter shopping experience. With the perfect combination of smart in-store and online outlet, retailers can enjoy a profitable commercial future in the long run.
• Which factor out of perceived usefulness or trust is more important in finding out the user’s intention to buy?
Retail merchandising is the process used in order to conduct retail sales. As part of the process, the merchandiser pays close attention on the products offered for sale. How to present those products in front of the consumers to grab their attention. Finalizing a reasonable retail price for each unit sold. While retailers have traditionally engaged in the task of retail merchandising in a physical location, the Internet has now made it possible to apply these same basic principles in a virtual setting. The first important step in retail merchandising is establishing good and working relationships with manufacturers who will provide the services.
What happened if surveillance of consumer by retail anthropologists should not be allowed? Shopping activity has a vital role in the economy today because it impacts to all aspects of developing economies. With the development of the society, consumers have changed their habits when they shop. They focus on the service of the store which is good or bad, so they can decide where they can shop. To meet this demand of the consumer, the retail store and business are hiring retail anthropologists to find out how and why consumers buy or not buy products and the processes of customer shopping like. Retail anthropologist is a person who studies shopping habits based on the information that he or she supervises the consumers in order to choose the best locations for new retail store and the best designs for the space within each store. Some people argue that surveillance of consumers is manipulative and unethical; however, it will bring some advantages for both consumers and retail store because it can make consumer easier to shop, help retailer follows the consumer, and improve customer experience.
Consequently, e-business and especially online shopping is crucial for retail stores. They should provide necessary infrastructure for selling their products online. By taking advantage of e-business not only they can get competitive advantage of online shopping, but the...
In today's competing world, many organizations are rethinking their strategies in terms of the online business and its capabilities and culture. Organizations are taking advantage of the widespread web to buy and sell goods from other companies and recently from individual customers. Exploiting these opportunities of convenience, availability and widespread reach of the web or Internet, many companies such as Amazon have benefited from the use of web successfully.
... shopping (Monsuwe et al., 2004). Rather than the completion of shopping task, online shopping itself is fun and playful. With this advantage, consumers find “enjoyment” in online shopping. If consumers enjoy the online shopping experience, they are more likely to shop online. Study suggested that online shopping enjoyment can generates search intention, which in turn generates purchase intention (To et al., 2007).
The Internet is rapidly becoming widespread and widely used as a tool for globalization across the world. As the Internet became more easily accessible by most people in the world, the web is bringing significant implications and changes to the way we live, including the way we shop. There is a rapid growth with e-commerce and moving businesses onto the web and retail success is no longer about stores and shopping centers. In developed countries, about two thirds of the population have access to the Internet making the option of online shopping is easily accessible to most people (Valerio). With the ease of shopping in your own home there are many benefits of doing your shopping online. Consumers can easily compare prices online, there is a larger range of products on the web, you can save time by having your shopping delivered right to your doorstep and it also overcomes physical barriers. Over the last decade online shopping has challenged and replaced the traditional means of physically going into shops as the digital world has provided customers with further convenience, flexibility and comfort from shopping from your own home.
In today’s era “INTERNET” is playing a significant role in our daily life. People can walk through the internet to one who is actually living on the different side of the planet, can send mails round the clock, search information & even buy things online. With this invention of internet there is a shift in traditional way of shopping. Now there is no need to open a physical store. One can be active at any time and place and purchase products and services. The number of users of internet is increasing day by day which means that online shopping is increasing. Various characteristics of online shopping is making it more convenient for the customers, as compared to traditional way of shopping such as the ability to view and purchase goods and