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3 - Quantum Retailing

Published online by Cambridge University Press:  aN Invalid Date NaN

Victor Martínez-de-Albéniz
Affiliation:
IESE Business School, Barcelona
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Summary

Drawing an analogy with particle or high-energy physics, this chapter argues that modern retail must shift from deterministic assumptions to probabilistic thinking. Traditional models presumed stable demand and predictable behavior, yet digital traces reveal consumers as dynamic, variable, and context-dependent. “High-energy retailing” conceptualizes consumers as particles moving across potential states – awareness, interest, exposure, and conversion – whose transitions can only be described probabilistically. The chapter reviews emerging data sources and analytical tools that capture uncertainty and introduces the retail value equation linking activity, exposure, awareness, interest, and conversion. Rather than eliminating randomness, leading retailers leverage it through experimentation, adaptive algorithms, and flexible processes. The quantum physics mindset ultimately reframes retail management as the optimization of uncertain, evolving interactions.

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