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Why Innovative Loyalty Card Programs Can Significantly Improve Customer Retention & Engagement

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Savvy retailers are updating their customer loyalty programs to increase customer satisfaction and ensure customer retention. The lure of loyalty cards remains the same since its inception: it’s more cost efficient to retain an existing customer than it is to acquire a new customer. 2021, April 29).

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The 4 pillars of e-commerce profitability (promos aren’t always the answer)

Inside Retail

billion in 2021, but that still lags other major world economies in terms of online spending. Despite the challenges, an opportunity exists for traditional retailers to win new customers and increase their share of wallet through digital channels. Figures from Australia Post show that Australians spent a record $62.3

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Solving the Problem of Last-Mile Delivery to the Customer

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Retail stores continue to play a big role in the customer experience, bringing in impulse purchases, acting as brand builders, and efficiently traversing “the last mile” to get purchases into the hands of consumers and improve their customer retention rate. in 2021, up from its initial 6.5% 2021, March 12).

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Solving the Problem of Last-Mile Delivery to the Customer

Parcel Pending

Retail stores continue to play a big role in the customer experience, bringing in impulse purchases, acting as brand builders, and efficiently traversing “the last mile” to get purchases into the hands of consumers and improve their customer retention rate. in 2021, up from its initial 6.5% 2021, March 12).

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How to Improve the ROI of Your Customer Experience

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For many companies, customer experience falls into the purview of the Chief Marketing Officer. In a new study on digital experience , 52% of respondents report that their CMOs drive the customer experience strategy 4. Customer Experience Boosts Employee Retention. How BOPIL Boosts Customer Satisfaction.

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How to Run a Thriving Retail Business Amidst Economic Uncertainty

Compliantia

Consequently, prices started to climb in April 2021 and went on to reach a forty-year high, eating away at consumers’ purchasing power. With 42% of consumers choosing to shop at discount stores and 45% looking for cheaper alternatives, you’ll need to position your business as one that customers can trust and rely on.

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D2C vs. Traditional Retail: What’s the Best Model for Your Business?

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Complete control; boosts awareness and customer retention. D2C strategy has consistent/predictable revenue model due to subscriptions; price integrity & high margins. 11 DTC Brands Opening Physical Retail Stores in 2021 (And Why)”. Shopify , May 13, 2021. Assiduus , December 20, 2021. Moore, Kaleigh. “11