Unseen is Unsold: Assessing Visual Equity with Commercial Eye-Tracking Data
Penn collection
Degree type
Discipline
Subject
eye-tracking data
probability model
retailing
brand management
information processing
decision making
consideration set
marketing metrics
Advertising and Promotion Management
Business
Business Administration, Management, and Operations
Business Intelligence
Cognition and Perception
Cognitive Psychology
Marketing
Sales and Merchandising
Funder
Grant number
License
Copyright date
Distributor
Related resources
Author
Contributor
Abstract
In today’s cluttered retail environments, creating consumer pull through memory-based brand equity is not enough; marketers must also create “visual equity” for their brands (i.e., incremental sales triggered by in-store visual attention). In this paper, we show that commercial eye-tracking data, analyzed using a simple decision-path model of visual attention and brand consideration, can separately measure memory-based and visual equity of brands displayed on a supermarket shelf. In the two product categories studied, juices and detergents, we find that instore visual attention doubles on average the memory-based probability of consideration. Additionally, our empirical applications and normative analyses show how separating memorybased and visual equity can help improve managerial decisions about which brands to select for enhanced point-of-purchase marketing activities.