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12 Proven Customer Retention Strategies in Retail

RETAIL MANAGEMENT SOFTWARE

In this blog, we will explore proven customer retention strategies that retail businesses can implement to boost customer loyalty and long-term success. Personalized Customer Experiences Customers today expect a personalized shopping experience.

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First Look: New Research Unpacks the Differences Between Subscriptions and Memberships

Retail TouchPoints

“Unsurprisingly, 74% of consumers agreed that the economy impacts how interested they are in memberships, so brands and retailers offering these programs need to be mindful of how they balance the financial benefits with more high-value offerings.” Influencing the Membership Journey Because memberships are more closely tied to long-term relationship (..)

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Exclusive: The thinking behind Coles’ revamped Chadstone flagship store

Inside Retail

Coles is using the store revamp to trial key concepts that it identifies as being important to the customer, including an elevated “fresh and healthy” offering, as well as greater “convenience” and “valueofferings. “In

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M&S chair ‘unhappy’ with Ocado Retail as reset underway

Retail Gazette

Part of the turnaround includes improving the customer experience, introducing cost-cutting measures and improving product availability. The pair also plan to maximise the potential of the expanded customer base by diversifying its offer. “We think it’s the right model for M&S online,” the retail sector veteran said.

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Business Growth through Digital Transformation: The Case of Premium and Luxury Brands

Retail Focus

Luxury brands aim to create a customer experience that is seamless and consistent across physical stores, online platforms, mobile apps, and social media. Luxury brands prioritise the customer experience in their digital transformation efforts.

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Improving Business Process Performance for SAP Landscapes

Cisco Retail

Perceived delays in completing an online store order or attaining value from a paid digital service can quickly result in business lost to the competition. This means organizations need to continuously and proactively take the pulse of the underlying end-to-end business processes that deliver those customer experiences.

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Wiser Insights: Navigating 2023’s Online Back-to-School Retail Trends

Wiser

The convenience, variety, and value offered by online platforms presents a compelling proposition for consumers. Tracking customer feedback, for both your own and competitor’s products, is crucial to understanding market sentiments.