article thumbnail

12 Proven Customer Retention Strategies in Retail

RETAIL MANAGEMENT SOFTWARE

In the world of retail, the importance of customer retention cannot be overstated. As businesses focus on attracting new customers, it’s equally crucial to invest in keeping existing ones. Retaining customers not only ensures consistent revenue but also fosters brand loyalty and advocacy.

article thumbnail

The Login Effect: The Role of Customer Authentication Psychology in Retail Success 

Retail TouchPoints

Picture this: You’re about to buy something online, but the site doesn’t remember who you are, so you go buy your item elsewhere, or just not at all. If your customers have to deal with an annoying login process at the end of their shopping journey, they’ll just abandon their cart. times per day on average.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dr Squatch reaps the rewards of International success with J&J Partnership

Retail Focus

The partnership has also fuelled significant advancements in Dr Squatchs direct-to-consumer (DTC) operations, including quicker click-to-delivery, improved customer retention and hands-off fulfilment. Aside from the service, it is the team at J&J that really sets them apart from the competition.

article thumbnail

Countdown to Compliance: Are Your Subscriptions Compliant with the FTC Click-to-Cancel Ruling?

Retail TouchPoints

Now, with the Federal Trade Commission’s recent finalization of the “Negative Option Rule,” businesses offering recurring billing face a pivotal moment that demands both operational changes and fresh thinking about customer retention.

article thumbnail

The Role of Visual Merchandising in Enhancing Sales Potential

Retail Focus

By curating an inviting shopping environment, retailers can guide customer behaviour and create a memorable shopping experience. Research indicates that attractive displays can increase foot traffic by up to 30% and improve customer retention. Observation : Observing customer behavior in-store yields valuable insights.

article thumbnail

Why soft skills matter more than ever in an age of AI-driven retail

Inside Retail

They’re not soft at all — they’re actually the steel framework that holds successful businesses together. Can it build trust with a team going through difficult changes? The myth about ‘soft’ skills The same thing is happening now with soft skills.

article thumbnail

Build a Successful CPG Loyalty Program with These 5 Tips

Retail TouchPoints

To sustain success, brands must keep customers engaged and continuously optimize the program based on feedback and performance metrics. Measuring key performance indicators (KPIs) like customer retention rates , lifetime value and redemption rates is crucial.