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Shoptalk day three: Wayfair, Béis and Lowe’s execs discuss customer retention

Inside Retail

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.

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Key Strategies to Improve Your Retail Company’s Online Customer Journey and Increase Customer Retention

Retail Focus

By building an intelligently optimised online customer journey you can achieve higher sales conversion rates, improved customer retention, and a stronger, more recognisable brand. This can ideally lead to long-term customer retention and improve the profitability and efficiency of your business processes.

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Turning holiday insights into year-round success

Inside Retail

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.

Strategy 241
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No one will escape: Industry leaders on navigating the retail recession

Inside Retail

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 customer retention being critical in this economic environment.

Consumer 246
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The Impact of Retail Digital Transformation on Consumer Behaviour

Retail Focus

Moreover, loyalty programs have evolved with digital technology, becoming more sophisticated and personalized, which increases customer retention and value over time. These platforms also provide valuable feedback and insights into consumer preferences, enabling retailers to quickly adapt and personalize their offerings.

Consumer 130
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Stepping into the future: Bata Thailand’s dynamic transformation unveiled

Inside Retail

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.

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From styling Beyoncé to a Paris salon: The rise of Marie France Van Damme

Inside Retail

Van Damme said that the brand has a high customer retention 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.

Fashion 130