This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Whether youre a tech giant like Google or a quickly growing accessories retailer, it is important to always remember to meet your customers where they are, be it with content creation, product or loyalty initiatives.
By building an intelligently optimised online customer journey you can achieve higher sales conversion rates, improved customerretention, and a stronger, more recognisable brand. This can ideally lead to long-term customerretention and improve the profitability and efficiency of your business processes.
For example, if a customer bought a coffee machine, suggest premium coffee blends or accessories. These approaches help transition customers from seasonal to year-round buyers, increasing their lifetime value. Immediate next steps As the new year begins, take a methodical approach to data analysis and retention planning.
We’re particularly seeing it in areas such as electronics and homewares, and are starting to see it in apparel and accessories.” “As However, it’s more important than ever that claims are reinforced with evidence, with customerretention being critical in this economic environment.
Moreover, loyalty programs have evolved with digital technology, becoming more sophisticated and personalized, which increases customerretention and value over time. These platforms also provide valuable feedback and insights into consumer preferences, enabling retailers to quickly adapt and personalize their offerings.
With a strong base of existing fans and the constant increase in new customers, retention is one of our important KPIs. This is why Bata had to invest in more digitally transformed marketing technologies, high-performance merchandising tools and machine-learning software to optimise its inventory management too.
Van Damme said that the brand has a high customerretention rate, and she plans to engage with retail partners to create more personalised brand experiences “I never thought that I would be doing trunk shows in San Diego and Nashville, but that seems to be an effective way of engaging with a new audience.
“Having a content check within a retailer’s returns service will cost them slightly more, but it means they are providing a better, faster refund to the customer so there could be commercial benefits in the longer term. Doing this can be great for customerretention and will deter fraudsters,” she said.
By engaging with clients face-to-face, you can Gather feedback Address any concerns Showcase new products or services Foster loyalty Encourage repeat business Exhibiting at trade shows helps to improve customerretention rates as satisfied clients are more likely to continue doing business with you.
After a few seasons, the brand Chiara Ferragni successfully evolved towards a complete go-to look featuring everything from shoes to garments to accessories. A gift with purchase is a great way to add an element of surprise, encourage customerretention, increase average order value, and gain brand visibility.
We organize all of the trending information in your field so you don't have to. Join 29,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content