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How smart technology empowers consumers in smart retail stores? The perspective of technology readiness and situational factors

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  • Jiahe Chen

    (Western Sydney University)

  • Yu-Wei Chang

    (National Taichung University of Science and Technology)

Abstract

Smart retail stores have been gaining momentum in smart retailing. Instead of relying on in-store staff like traditional counterparts, smart retail stores provide an unmanned environment purely enabled by various in-store smart technologies that support customers throughout the shopping journey. This unstaffed operating model also enables smart retail stores to provide competitive prices by reducing labor costs. However, studies have overemphasized the unique value offered by smart technology but discounted the common value strengthened in smart retail. This study applies the situational factor framework to identify both unique and common factors empowered by smart technology from a comprehensive perspective; then, technology readiness is incorporated to explore consumer purchase intentions in smart retail stores. A total of 283 survey data were collected and analyzed. The main results indicate that most situational factors have a direct effect on purchase intention, and technology readiness enhances the unique situational factors enabled directly by smart technology.

Suggested Citation

  • Jiahe Chen & Yu-Wei Chang, 2023. "How smart technology empowers consumers in smart retail stores? The perspective of technology readiness and situational factors," Electronic Markets, Springer;IIM University of St. Gallen, vol. 33(1), pages 1-24, December.
    • Handle: RePEc:spr:elmark:v:33:y:2023:i:1:d:10.1007_s12525-023-00635-6
    DOI: 10.1007/s12525-023-00635-6
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    2. Ion Popa & Marian Mihai Cioc & Andreea Breazu & Catalina Florentina Popa, 2024. "Identifying Sufficient and Necessary Competencies in the Effective Use of Artificial Intelligence Technologies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 26(65), pages 1-33, February.

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    More about this item

    Keywords

    Smart retail store; Human-technology interactions; Smart retail; Smart technology; Situational factors; Technology readiness;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

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