Face-to-face and Electronic Communication with Customers in Retailing and Company Performance: A Case Study in the Electronics and Communication Equipment Retail Industry in the Czech Republic

Customers today can find the same assortments in a number of retail stores and through the Internet, thus effective store management has become a critical basis for developing strategic advantages. The aim of this research is to identify whether customer satisfaction measured by means of mystery sho...

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Bibliographic Details
Published in:E+M ekonomie a management 2020-07, Vol.23 (3), p.155-172
Main Authors: Eger, Ludvik, Suchanek, Petr
Format: Article
Language:English
Subjects:
Case studies
Communications equipment
Financial statements
Marketing
Retail stores
Social media
Social networks
Stores
Telecommunications equipment
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Summary:Customers today can find the same assortments in a number of retail stores and through the Internet, thus effective store management has become a critical basis for developing strategic advantages. The aim of this research is to identify whether customer satisfaction measured by means of mystery shopping and the results of communication with the public on a company's Facebook profile assessed by quantitative analysis influence the performance of the selected companies. The evaluation of customer satisfaction and loyalty follows the older pilot study and is newly supplemented by an analysis of communication with customers using social media such as Facebook. The company's performance is evaluated through the financial ratios (ROA, ROE and ATO) based on accounting data available in the Magnusweb database. The research is focused on selected companies from the electronics and communication equipment retail industry in the Czech Republic and is unique from that point of view because it analyses communication with customers not only in retail shops but concurrently on their profiles for Facebook. The findings show how it is possible to assess the level of customer-oriented communication in retail shops and also the level of communication with customers on the social network. Retailers are increasing their focus on customers' experience in their shops and on social media sites. The research contributes to a better understanding of marketing in retail and on social media in the selected industry.
ISSN:1212-3609
DOI:10.15240/tul/001/2020-3-010