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Subscription-based loyalty programs can create a sense of exclusivity and commitment among customers, leading to greater loyalty. Retailers can leverage subscription loyalty programs to create a recurring revenue stream, boost customerretention and build long-term loyalty.
The Retailmarket landscape has seen significant changes in retail trends and shifts in consumer behavior since the coronavirus breakout, but the industry now appears more optimistic about the growth prospects. They’re also emphasizing on customerretention, rewarding and incentivizing current customers to spend more.
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