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Starbucks Could Have Avoided Losing $20 Million, And So Can You

Customer Guru

But, since both of the videos went viral and spread like wildfire, recovering from such a huge sales loss and regaining the trust of the customers was a daunting task for Starbucks. It definitely impacted customer retention and loyalty, negatively impacting the sales and increasing the negative word-of-mouth.

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Customer Service Training: Empowering A Service Mindset

Integrity Solutions

In one recent study, among many with similar findings, 78% of respondents said good customer service is fundamental to earning their loyalty and business. And retaining those customers is serious business: Just a 5% increase in customer retention can produce more than a 25% increase in profits.