Customer Loyalty
3 Tactics to Turn Shoppers Into Brand Fans From Canadian Tire
Brand loyalty helps industry leaders outperform their competitors. And with the seasonal uptick in shopping activity, the holiday season is the ideal time to turn shoppers into brand fans that come back again and again. Retail company Canadian Tire Corporation — which includes brands across the automotive, hardware, sports, leisure and housewares sectors — knows…
Read MoreHow to Boost Customer Loyalty and Retention (and Know the Difference)
New customer acquisition has long been marketers’ bread and butter, but marketing professionals with their eyes on the ROI prize know customer loyalty and retention are just as important. Customer acquisition costs have been rising faster than customer lifetime value (CLTV) for some time now. In fact, it costs five times as much to acquire…
Read More3 Ways to Reduce Churn With Your Customer Data Platform
Has the power ever gone out in your home? Sitting in the dark is no fun, but losing all the food in your refrigerator is even worse. Your big dinner party plans? Finished. All the meals you were looking forward to cooking? Out the window. Instead you’re spending more time and money at the grocery…
Read MoreHow Clienteling Builds Long Lasting Relationships With Your Customers
Covid-19 has altered how consumers shop forever. How consumers shop is evolving faster than ever before, and brands are exploring new ways to bring innovative, exciting and personal shopping experiences to their customers’ digitally and brick and mortar stores. It’s no shock that clienteling is a critical attribute of successful retail businesses. If you aren’t…
Read MoreWhy Data Should be In the Center of Your Customer Centric Strategy
I placed my first order on Amazon.com December 11th, 1998. It was a book. That’s pretty much all Amazon sold back then. But back then, Jeff Bezos had already set the mission that still drives the company today: to become “Earth’s most customer centric company.” That mission has catapulted Amazon to the rarefied air of…
Read MoreWhat Is Customer Lifetime Value?
Customer lifetime value (CLV) is the total revenue a single customer spends with your business over the entire span of their relationship with your brand. It’s one of the single most important metrics you can track. And for customer experience (CX) professionals and marketers, it’s an absolutely fundamental “North Star” key performance indicator (KPI). Succinctly…
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