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Title
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Opportunities for active stock-out management in online stores: the impact of the stock-out policy on online stock-out reactions
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Author
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Abstract
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| This paper investigates the impact of an online retailers stock-out policy on purchase incidence and choice. We make a distinction between three policies: (1) stock-outs are immediately visible and there are no suggestions, (2) stock-outs are only visible after clicking and (3) a replacement item is suggested for each stock-out product. Results from an extensive and realistic online grocery shopping experiment reveal that the adopted stock-out policy has a significant impact on both decisions. First, making stock-outs not immediately visible creates confusion and intensifies the consumers loss experience, thereby reducing the tendency to buy in the category. Second, while suggesting a replacement item normally leads to a substantial increase in the items choice probability, this effect is canceled out when higher-priced suspicious items are suggested. Overall, these results indicate that retailers have an interest in pursuing open and convenience-oriented stock-out policies. |
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Language
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English
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Source (series)
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Research paper / UA, Faculteit TEW ; 2005:5
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Publication
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Antwerpen
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UA
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2005
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Volume/pages
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39 p.
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Full text (open access)
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