article thumbnail

5 Ways for Grocery Retailers to Revamp Their Loyalty Programs in 2021

Oracle

2020 forced supermarkets and grocery retailers into reinvention mode. From the way consumers buy groceries to how they’re rewarded for their loyalty, the impact of shopping for essentials in a pandemic has permanently changed the grocery market. Digitize your program. Offer personalized discounts and cash back.

article thumbnail

Measuring Retention and Marketing ROI

SuiteCX

Especially if a loyalty program is part of your strategy. Customers do not react well to being told “you cannot join this brilliant reward program because we need a control group and you’re in it”. Self-selection bias; this is the big loyalty program measurement challenge.

ROI 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Measuring Retention and Marketing ROI

SuiteCX

Especially if a loyalty program is part of your strategy. Customers do not react well to being told “you cannot join this brilliant reward program because we need a control group and you’re in it”. Self-selection bias; this is the big loyalty program measurement challenge.

ROI 100
article thumbnail

Innovators break the mould, at the 2020 Loyalty Magazine Awards

Currency Alliance

While travel and retail brands have made a lot of progress in the last 24 months, the bulk of innovation has come from other consumer sectors – including media businesses, entertainment, and telecoms providers, which in recent years appeared to regard loyalty as a lost cause. Alongside retail, news brands have been among the hardest hit.

Loyalty 52
article thumbnail

Loyalty: On the Cusp of Major R(E)volution

Currency Alliance

A few examples – just so readers don´t think I am inventing this – include Amazon Prime (household penetration), Nordstrom (multi-tender), Hilton Honors (redeeming with Amazon), La Quinta Hotels (Redeem Away), Tesco (increased redemption partners), and the list goes on.

Loyalty 52
article thumbnail

Omni Channel vs Multi Channel: What’s the Difference and Who Does it Best?

Bold360

Multichannel: • Literally means ‘many channels’. Makes an effort to put out specific content which caters to the strength of its channel. Gives a Collective Content Experience, between all of these channels. . Gives a Collective Content Experience, between all of these channels.

article thumbnail

How to Build Brand Loyalty by Improving the Customer Experience

ProProfs Chat

Your customers might be constantly ranting about the infinite emails they receive, despite that email is still a remarkably effective communication channel. Constantly engaging with your customers on social media channels is the key to coming across as a brand they can resonate with and stay loyal to. trillion US dollars. .

Loyalty 93