Abstract
Purpose – This paper aims to contribute to the literature on brand loyalty by illustrating the mechanisms through which product involvement
influences brand loyalty. In doing so, the study is original in considering the mediating role of the multidimensional price perceptions’ construct
Design/methodology/approach – Two thousand questionnaires were distributed in two shopping malls, yielding a sample of 535 consumers,
covering eight different grocery products. To test the hypothesized model, the authors relied on structural equation modelling.
Findings – Product involvement influences on brand loyalty are partially mediated by price perceptions. This is a novel finding. Moreover, product
involvement relates positively to six price perceptions, and this is also original. As expected, value consciousness and sale proneness are detrimental
to brand loyalty, whereas price – quality schema contributes to it. Unexpectedly, however, price consciousness, sale proneness and price mavenism
are positively related to loyalty.