article thumbnail

Balancing Customer Loyalty in an Age of Growing Business Costs

Retail TouchPoints

Most fashion industry leaders have recognized this, backed up by the expectation of more subdued growth in the economy, stubborn inflationary pressures and shaky consumer confidence, which eroded again in February. But there is a way forward, a balance that allows for costs to be recovered and keeps base customers happy and loyal.

article thumbnail

How Contextual Commerce Improves Customer Loyalty

Optimizely

Consumers want to shop anytime, anywhere, on any device, through multiple channels — and not necessarily in a linear fashion. If your customers notice any friction as they switch between channels while engaging with your brand, then you’re in trouble. How can contextual commerce improve loyalty?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The State of Ecommerce Customer Loyalty in 2023

Smile.io

  In this loyalty report, we dig into the growth of ecommerce brands through key indicators such as Smile generated value, customer lifetime value (CLV), repeat customer rate, average order value (AOV), purchase frequency (PF), and loyalty ROI. Median Loyalty ROI by Industry. YoY growth. YoY, respectively.

article thumbnail

Best Shopify Apps for Fashion Stores

Ecommerce Platforms

But unless you have the store set up to handle every aspect of modern online selling, your fashion store isn’t going to make it. Using Shopify opens up an entire marketplace of ecommerce apps that can give you everything you need to build a fashion store online. What are The Best Shopify Apps for Fashion? There’s good news.

Shopify 197
article thumbnail

How NFTs Can Fight Fraud and Increase Customer Loyalty

Omnisend

In fact, Menard tells Omnisend that NFTs are a vehicle that can be used to not only verify the authenticity of ecommerce products and improve the user experience, but also bring about a renaissance to the commerce world. Not at all, says David Menard, CEO and Founder of Real Items , a company that uses NFTs to fight fraud.

article thumbnail

Bestseller Rolls Out RFID Technology to Enhance Inventory Practices at Vero Moda

Retail TouchPoints

Fashion retail group Bestseller has rolled out the Nedap iD Cloud platform to all 380 Vero Moda stores. The retailer will utilize RFID technology to enable improve the efficiency of how products are received and introduce real-time replenishment capabilities.

article thumbnail

Embracing the Metaverse: A Bold Way to Improve Customer Retail Experiences

Retail TouchPoints

Customers appreciate a wide range of channels for interacting with businesses, and they increasingly expect these interactions to be personalized and immersive, particularly in retail. For companies to engage customers, new strategies must be considered to increase revenue.