Cited by 71

Blurring the lines between physical and digital spaces: business model innovation in retailing

Jocevski, Milan·2020·California Management Review

Abstract

Traditional retail practices are under stress as retailers ponder various ways of setting up a sustainable omnichannel business model. A significant challenge in their endeavor relates to the blurring lines between physical and digital worlds. This article analyzes three retailers’ exploratory efforts of alternative physical retail spaces. There are five key innovation areas to revamp for such a retail store: in-store technology, the role of sales associates, leveraging a mobile channel, data analytics, and collaborations. Moreover, physical retail space can serve as an aggregation hub that connects various retailer-customer interaction points across physical and digital spaces.

Integrity signals

Registry

Crossref · 10.1177/0008125620953639

Cites

2 of 2 references verified0 citation errors · 0 not checkable

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  • The physical territory becomes an experience-based hub, connecting touchpoints, facilitating seamless integration, CX, and value creation, and challenging the locus of retailers' value proposition, creation, and delivery.

    “Therefore, the physical territory becomes an experience-based hub, connecting touchpoints, facilitating seamless integration, CX, and value creation, and challenging the locus of retailers' value proposition, creation, and delivery (Alexander and Kent, 2022;Jocevski, 2020).”

Cites

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Authors
Jocevski, M.
Affiliations
KTH Royal Institute of Technology, Stockholm, Sweden
Venue
California Management Review
Published
2020-09-01
Volume
63
Issue
1
Pages
99-117
ISSN
  • 0008-1256
  • 2162-8564
Cited by
71
References
2
Language
en

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