Survey of 1500 shoppers reveals why ‘loyalty’ is going to be the differentiator for retailers amid the cost of living crisis.
4 in 5 are part of at least one customer reward scheme
38% actively seek them out and 46% will join up when asked
70% are willing to sign up just to receive discounts
BUT, 19% have never been asked to join whilst shopping in a store
As retailers struggle to stay profitable, whilst protecting customers from price hikes, the survey carried out by consumer intelligence experts at Manchester-based Purple found it doesn’t have to be a trade-off between the two.
Two thirds of the respondents said their loyalty to a retailer increases when they’re rewarded for visiting, however, the survey shows that retailers are missing out on an important opportunity to reward loyalty in-store, at a time when it matters the most.
Smart in-store WiFi can be easily utilised by retailers to encourage sign-ups to loyalty schemes and 66% of respondents have joined a free WiFi network when shopping. But the survey found just 16% join every time they shop, and here lies the opportunity.
What’s more, 41% of those surveyed believe that receiving text messages and emails while in store – with information and offers for specific products – helps to improve the customer experience.
Almost half claim promotions or a personalised experience influenced their most recent purchase and 83% are happy to share personal data in exchange for tailored offers.
Gavin Wheeldon, Chief Executive of Purple, commented: “The current economic climate is increasing the pressure on businesses and retailers should be looking to harness the full capabilities of their existing technology to compete with the competition.
“Whilst there isn’t ‘one size fits all’ solution, in-store WiFi technology can help retailers to facilitate real-time dialogue with the customer.”
Purple’s smart WiFi technology can collect real-time data using a captive…
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