Customer Retention

Fans of the 80’s cult-classic movie "Gremlins" will remember that it takes place around the holidays, as the cute little mogwai “Gizmo” is given as a gift. However, the exotic mogwai comes with three important rules: Don’t expose the mogwai to light (or it will die), don’t get it wet, and definitely don’t feed it…

Retailers have mastered the art of curating a superior customer experience up to the point of purchase, but new research indicates they're missing the mark when it comes to delivering the superior aftermarket experience today’s customer expects and, as importantly, they're missing out on new revenue opportunities. Ikea's recent acquisition of TaskRabbit, a sharing economy…

Having a short adventure may seem fun at the beginning, but building a long-term relationship is far more rewarding.  Lighters can’t warm you for good. If you're short-sighted and don’t maintain the fire burning, you’ll end up freezing. In the game of retail, it’s exactly like romance. You start building relationships with people looking to…

"If you don't put your people first, and invest in your people, I don't think you can have that customer experience that customers are going to want to be attracted to and loyal to."

Successful businesses must be customer-centric. Retail marketers know it’s important, but they’re confused about how to make it happen. This is understandable, considering some of the challenges they face. Retailers still have a myopic view of customers, and thus they're lacking answers to basic questions such as the following: Where is most revenue coming from? What are the challenges associated with generating repeat purchases from loyal customers? Where do we need improvements to our customer marketing, channels, products and services?

Consumer loyalty reward programs across every facet of retail are antiquated and ineffective. Seventy-seven percent of adults in the United States participate in loyalty programs, however, more than $100 billion in loyalty points have gone unclaimed as trust in loyalty program benefits plummets. These rewards points go unused because consumers either don’t know how to claim…

There's nothing more important than building up confidence for your brand. However, it won’t happen fast and it won’t happen easily. It will likely take some incremental investments, but it doesn’t need to break the bank. Here a few ways that will help: Authenticity One of the most important elements of building confidence is authenticity.…

Faced with intense competition and shocking levels of store closings, retailers are scrambling to get up-to-date with what customers expect, embrace new models of smart store technology, and encourage customer loyalty. The speed at which retailers are falling has made this imperative all the more pressing. The desire and need to have loyal customers is…

Today more than ever, retailers are being forced to take their focus on customer satisfaction to extraordinary levels. The standard for customer satisfaction is being driven higher by companies like Amazon.com and its large retail competitors as these companies move from a focus on “customer satisfaction” to “customer obsession.” This obsession has made factors such…

The heat is on retailers to become customer-centric. Customers have higher expectations than ever before, and competitors that reliably meet those expectations seize a reliable edge. The key is to put the customer at the center with cohesive data and purpose, starting at the top.