Value, satisfaction and loyalty in the retail industry: A theoretical approach to loyalty

Although customer loyalty has been widely investigated, few studies address the role of customer value and customer satisfaction. Besides, there is still a need for a sound theoretical framework to explain and promote businesscustomer relationships. This paper aims to contribute to understanding the...

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Detalles Bibliográficos
Autores: Carvajal Zaera, Enrique, Paredes Paredes, Jazmin R., Domínguez de la Concha-Castañeda, Marta, Galán González, José Luis
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2023
País:España
Institución:Universidad de Sevilla (US)
Repositorio:idUS. Depósito de Investigación de la Universidad de Sevilla
OAI Identifier:oai:idus.us.es:11441/153152
Acceso en línea:https://hdl.handle.net/11441/153152
https://doi.org/10.55234/edeij-2-056
Access Level:acceso abierto
Palabra clave:Loyalty
Value
Satisfaction
Consumer
Customer
Relational marketing
Retail
Fidelización
Valor
Satisfacción
Consumidor
Cliente
Marketing relacional
Comercio minorista
Descripción
Sumario:Although customer loyalty has been widely investigated, few studies address the role of customer value and customer satisfaction. Besides, there is still a need for a sound theoretical framework to explain and promote businesscustomer relationships. This paper aims to contribute to understanding the origin and effect of the concept of loyalty in commercial relationships in the retail industry. To do so, we review and discuss the triggers of loyalty behavior in society. There is a section to explain the elements that produce loyalty behavior in the buyer and its logical sequence. Besides, we address the concepts of value and consumer satisfaction and their association with the customer's post-purchase behavior. This analysis enables a more complete overview of the customer’s behavior and allows to take well-informed actions within the retail market. Besides, it opens the door to future research related to buyer behavior in different environments, such as the digital environment.