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We estimate the joint impact of the frequency reward and customer tier components of a loyalty program on customer behavior and resultant sales. We provide an integrated analysis of a loyalty program incorporating customers' purchase and cash-in decisions, points pressure and rewarded behavior...
Persistent link: https://www.econbiz.de/10009724866
It is standard procedure to use short-term measures for designing customized marketing campaigns and evaluating their success. We consider the integration of customer lifetime value (CLV) thinking into the category selection problem for targeted coupons. This problem involves two primary...
Persistent link: https://www.econbiz.de/10012848772
Subscription programs, which offer customers access to exclusive benefits and discounts for a recurring membership fee, are experiencing a surge in popularity in the retail sector. Most new subscription programs are launched by retailers already offering their customers free loyalty programs...
Persistent link: https://www.econbiz.de/10014343727
das Einkaufsverhalten von Konsumenten im deutschen Lebensmitteleinzelhandel auswirken. Die Studie wurde von … Kundenbindung im Lebensmitteleinzelhandel herausgefunden werden. Des Weiteren wurden mehrere Expertengespräche mit Führungskräften … das Einkaufsverhalten und die Einstellung der Konsumenten im deutschen Lebensmitteleinzelhandel haben. Deutlich wurde …
Persistent link: https://www.econbiz.de/10008906762
Many retailers use loyalty programs to attract new customers and to retain existing ones. The program should be recognized as beneficial to customers in order to build customer loyalty. A critical key of a success of a loyalty program is whether a consumer can perceive and identify the benefits...
Persistent link: https://www.econbiz.de/10012846372
This paper examines the effects of supermarket loyalty programs on the demand for private labels (PLs). Using transaction level data on grocery purchases and individual level information on the membership of loyalty programs, I estimate a model of demand in which membership may affect the...
Persistent link: https://www.econbiz.de/10012850306
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In the 1990's all the largest grocery retailers have introduced loyalty cards with the specific goal of acquiring consumer knowledge. The use of loyalty cards as a knowledge tool has become so critical that retailers offer customers rewards in return for card subscription and continuous use,...
Persistent link: https://www.econbiz.de/10014035363