Logistic Regression of Czech Luxury Fashion Purchasing Habits During the COVID-19 Pandemic – Old for Loyalty and Young for Sustainability?
Logistic Regression of Czech Luxury Fashion Purchasing Habits During the COVID-19 Pandemic – Old for Loyalty and Young for Sustainability?
Author(s): Martin Hála, Eva Daniela Cvik, Radka MacGregor PelikánováSubject(s): Economy, Business Economy / Management, Socio-Economic Research, Transport / Logistics
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: Corporate Social Responsibility (CSR); Czech purchasers; logistic regression models; luxury industry; sustainability
Summary/Abstract: Research background: The sustainability reflected by the CSR of luxury fashion businesses, should meet stakeholders´ expectations and lead to an increase in customers´ buying decisions. Purpose: To analyze Czech luxury fashion purchasing habits during the COVID-19 pandemic and to achieve a deeper understanding with new propositions in this area. Research methodology: A logistic regression is performed and based on data gained from an investigative survey employing a questionnaire of a homogenous Czech group of purchasers. The comparison of the resulting logistic models and field observations with a holistic and empiric Meta-Analysis allows one to heuristically achieve an understanding of such an inclination. Results: Seven unexpected propositions emerge and call for further research, such as those during the COVID-19 pandemic, older Czech luxury fashion customers stick even more with their brand loyalty while younger buyers focus on sustainability. Novelty: The performed case study with a survey link sustainability perception and purchasing habits by relevant cohorts of luxury fashion stakeholders. The presented propositions about trends contributes to the development of the theory about purchase inclination determinants.
Journal: Folia Oeconomica Stetinensia
- Issue Year: 22/2022
- Issue No: 1
- Page Range: 85-110
- Page Count: 26
- Language: English