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Customer Loyalty Programs in Retail

365 Retail

By offering digital apps, or membership cards that enable customers to earn rewards or points when making a purchase, retail businesses can further collect data that helps them refine their marketing strategies. And the impacts on customer loyalty are undoubtedly fantastic – Costco has succeeded to grow to 152.7

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Brand Loyalty is Put to the Test

Rangeme

According to Bain & Company, a 5% increase in customer retention correlates with an increase in profit of at least 25%. 42 Interesting Stats about Customer Loyalty You May Not Know. Store brands’ growth have outpaced the retail market as their quality continues to rise while often offering good value for money.

Consumer 105
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Why Do You Need Business Intelligence for Your Retail Business?

RETAIL MANAGEMENT SOFTWARE

Brands and retailers are connecting with consumers in-store through e-commerce, social media, mobile apps, seasonal kiosks, third-party marketplaces, and more. Consumers are looking for faster and more convenient fulfillment options, as well as personalized assortment and promotions, which is now the norm. Expand Retail Chain Stores.