When done right, a loyalty program serves as a means to capture insight that is vital to understanding customers and increasing their loyalty. However, not all retailers need a loyalty program to create loyalty. Before deciding if such a program is right for them, retailers should analyze their product mix and customer knowledge needs. Those that should have a loyalty program will find a fragmented but flexible technology landscape. A retailer's customer information, internal resources, and cost tolerance will ultimately dictate its technology purchase decisions.
TABLE OF CONTENTS
Retailers Underwhelm Customers With Loyalty Efforts