Remove 2021 Remove Customer Retention Remove Returns
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Behind Eggslut’s fall in Asia: The harsh reality of the F&B market 

Inside Retail

When US brunch chain Eggslut launched in Singapore in 2021, anticipation was sky-high. Customers lined up hours before the opening, eager to get a taste of the brands signature creamy egg sandwiches. Without a compelling differentiation strategy beyond brand novelty, long-term customer retention becomes difficult.

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The Future of Retail and AI

Retail TouchPoints

Over the course of 2020, retailers increasingly turned to AI-driven technology to optimize their operations and better understand their customers. In 2021, retailers will utilize the data they’ve gathered over the past year to focus on customer retention and fostering brand loyalty.

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Deloitte Shares Loyalty Trends and Best Practices for 2024

Retail TouchPoints

To drive customer retention and loyalty, most brands and retailers continue to rely on purchase discounts ( 77% ) and loyalty program points ( 61% ), according to Retail TouchPoints research. The hope is that you are driving traffic, driving attachment and other purchases that then drive up the lifetime value of that customer.”

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5 Ways Retailers Can Tackle Wavering Customer Loyalty

Retail TouchPoints

Customer acquisition costs online have reached unprecedented levels, which means marketing leaders are trying to diversify their toolkits. However, brands cannot underestimate the importance of implementing a compliant and transparent process for collecting and using customer data. . Stand Out Beyond Free Shipping .

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How Ecommerce Retailers Can Prepare Now for Back-to-School 2022

Retail TouchPoints

The 2022 back-to-school (BTS) season could be the most “normal” since the start of the pandemic, with even more demand than the record-setting BTS 2021 season for clothing, classroom supplies and new technology. Take Steps Now to Prevent Back-to-School False Declines.

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5 Top Customer Service Articles of the Week 10-4-2021

Hyken

7 Techniques That Are Key to Customer Retention Today by John Hall. Magazine) It’s a business axiom that holding on to existing customers is more lucrative than acquiring new ones. My Comment: Returning customers are more profitable, not just because they return. There’s something here for everyone.

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Where Online Shopping Rises, WhatsApp Follows

Retail TouchPoints

Beyond planned promotional outreach, retailers can also utilize WhatsApp to upsell products based on customers’ shopping preferences, providing an outlet for even the most granular customer retention strategies.

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