How the Metaverse is Reshaping Multichannel Retail Through Balancing Complementarity and Substitution

• 成果类型: Article
• 署名作者: Xiong, Bingqing; Fang, Jie; Li, Wilson
• 署名单位: Deakin University; University of Nottingham Ningbo China
• 刊物名称: JOURNAL OF MANAGEMENT INFORMATION SYSTEMS
• ISSN/ISSBN: 0742-1222; 1557-928X
• DOI: 10.1080/07421222.2025.2452019
• 发表日期: 2025-01-02
• 页码: 174-205
• 关键词: Extended reality; dynamic influence; Staggered difference-in-differences; metaverse; multichannel operations; retailer performance; VIRTUAL-REALITY STORES; augmented reality; cross-channel; online; offline; omnichannel; FRAMEWORK; adoption; IMPACT; FUTURE

摘要

Although the metaverse can offer a fusion of physical and virtual shopping experiences, there is no consensus on how multichannel retailers can capitalize on this trend by adopting extended reality (XR) online portals. Therefore, we seek to investigate the dynamic influence of XR adoption on offline store performance from the perspective of multichannel retailers. The current study also considers the boundary conditions of the XR type and offline store density. We examined 667 multichannel retailers, with data sources combining online and offline information from 2019 to 2022, resulting in 11,643 monthly retailer-level observations. Applying staggered difference-in-differences models reveals that XR adoption dynamically affects offline store transactions. Furthermore, the effects of XR vary across XR type and offline store density. We aim to provide management implications for multichannel retailers wishing to optimize their channel structures by adopting XR while jumping into the metaverse.