Discount venture brands:Self-congruity and perceived value-for-money?

Baker, T.L. and Chari, S. and Daryanto, A. and Dzenkovska, J. and Ifie, K. and Lukas, B.A. and Walsh, G. (2019) Discount venture brands:Self-congruity and perceived value-for-money? Journal of Business Research. ISSN 0148-2963

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Abstract

Grocery retailers have begun to target price conscious consumers with a new type of budget brand, called discount venture brands. These brands are exclusive to the retailer but, unlike traditional private-label brands, do not display retailer branding at all. Sharing the same price point as economy private-label brands, the aim of discount venture brands is to attract customers with an overall look-and-feel that is not explicitly premium, yet is more attractive than that of conventional budget brands. Drawing on the self-congruity literature, the authors explore two questions: (1) whether customers perceive discount venture brands to offer greater value-for-money than conventional budget brands; and (2) whether such perceptions translate to customer impressions about the retailer brand? Results from a scenario-based experiment involving 505 participants suggest that, in comparison with conventional budget brands, discount venture brands may be less conducive to engendering favorable value-for-money perceptions; in short, discount venture brands may be less effective than conventional budget brands. This finding can be explained with a concept called self-congruity. Overall, we show that self-congruity acts as an indirect-only mediator of the path between the type of a brand and value-for-money perceptions of the brand. Particular findings are that self-congruity has a positive effect on value-for-money perceptions associated with conventional budget brands, discount venture brands, and the retailers selling those brands. However, for consumers with a preference for brands with a budget price point, self-congruity appears to be higher for conventional budget brands than discount venture brands; and this difference in self-congruity is more pronounced when shopping for others than when shopping for oneself.

Item Type: Journal Article
Journal or Publication Title: Journal of Business Research
Additional Information: This is the author’s version of a work that was accepted for publication in Journal of Business Research. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Business Research, ?, ?, 2019 DOI: 10.1016/j.jbusres.2019.07.026
Uncontrolled Keywords: /dk/atira/pure/subjectarea/asjc/1400/1406
Subjects:
Departments: Lancaster University Management School > Marketing
ID Code: 136045
Deposited By: ep_importer_pure
Deposited On: 12 Aug 2019 13:45
Refereed?: Yes
Published?: Published
Last Modified: 26 Feb 2020 05:09
URI: https://eprints.lancs.ac.uk/id/eprint/136045

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