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Linking lifestyle to customer lifetime value: An exploratory study in an online fashion retail market

机译:将生活方式联系起来给客户终身价值:在线时装零售市场的探索性研究

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This study explores how lifestyle can explain the heterogeneous customer lifetime values (CLVs) among various market segments, We develop a latent class model of purchase frequency, lifetime duration, and purchase amount to infer segment-level CLV. Customers' membership to each segment is presumed to depend on their lifestyle patterns. The proposed model is then applied to the transaction and lifestyle data of customers in an online fashion retail market. The empirical analysis reveals four customer segments that each has a unique lifestyle pattern: Individualistic Innovators, Rational Followers, Self-actualized Experts, and Integrated Shoppers. These segments differ in their magnitude of average CLV, partially explainable by segment members' lifestyle characteristics. The paper finally discusses some implications for improving customer relationships and raising revenues.
机译:本研究探讨了各种市场段中的异构客户终身值(CLV)的生活方式,我们开发了购买频率,寿命持续时间和购买量的潜在类模型,以推断段级CLV。顾客对每个段的客户的会员资格取决于他们的生活方式模式。然后将拟议的模型应用于在线时装零售市场中客户的交易和生活方式数据。实证分析揭示了四个客户段,每个客户段都有独特的生活方式模式:个人主体创新者,合理的追随者,自我实现专家和集成的购物者。这些段的平均CLV的大小不同,部分可通过分段成员的生活方式特性进行部分解释。本文最终探讨了改善客户关系和提高收入的一些影响。

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