Remove 2004 Remove Consumers Remove Poor Customer Service Remove Study
article thumbnail

Is the Chief Experience Officer a Worthwhile Addition to the C-Suite?

Retently

But taking customer experience lightly can be dangerous too. Some studies suggest that poor customer service costs businesses up to $62 million per year. trillion annually when their customers leave – and that’s only in the US. In the study, 10% of the Fortune 500 companies and 6.7%

article thumbnail

Is the Chief Customer Officer a Worthwhile Addition to the C-Suite?

Retently

But taking customer satisfaction lightly can be dangerous too. Some studies from 2016 suggest that poor customer service costs businesses up to $62 million per year. trillion per year when their customers leave – and that’s only in the US. Fosters a Company-Wide Customer-Centric Culture.

article thumbnail

Calling CEOs to read emails from your customers and learn about your own business

Helen Dewdney

He wanted to know the sort of things that customers complained about. See more on my relationship with Tesco in the Tesco & The Complaining Cow case study ). The newly-arrived CEO of one of the biggest retailers felt it important enough to look at customer complaints as a key part of developing his strategy. Williamson says.