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Target Adds Paid Option to Loyalty Program

Retail TouchPoints

Target is adding a paid option to its loyalty program, offering free same-day delivery from the retailer’s Shipt subsidiary and its 100+ retail partners. The Target Circle 360 program’s annual $99 fee will be only $49 (for the first year) for customers who sign up from April 7, when the program kicks off, through May 18, 2024.

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Target Mulls Paid Loyalty Program

Retail TouchPoints

Target could soon be following in the footsteps of competitors Amazon , Walmart and Kroger by introducing a paid membership program, according to reporting by Bloomberg and other media outlets quoting people familiar with the matter. Titled “Project Trident” internally, the new program could launch as soon as this year.

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Deloitte Shares Loyalty Trends and Best Practices for 2024

Retail TouchPoints

To drive customer retention and loyalty, most brands and retailers continue to rely on purchase discounts ( 77% ) and loyalty program points ( 61% ), according to Retail TouchPoints research. However, a Deloitte survey reveals that consumers’ loyalty program preferences and expectations are evolving.

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Rebag, Newegg Join Growing List of Retailers Launching Membership Programs

Retail TouchPoints

Membership programs are quickly becoming 2024’s hottest accessory, whether you’re a luxury resale platform or an electronics ecommerce site. Online marketplaces Rebag and Newegg have joined the growing roster of retailers launching membership programs.

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Balancing Customer Loyalty in an Age of Growing Business Costs

Retail TouchPoints

Still Carrying the Economic Burden of COVID While their resilience throughout the last four years has been somewhat of a modern marvel, the endurance of the American consumer is not infinite. Higher costs will undoubtedly continue to dog businesses well into this year as inflation continues to be a factor. in January.

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CVS Revamps Loyalty Program into Simplified Two-Tier Offering

Retail TouchPoints

CVS Pharmacy has evolved its loyalty program into two simplified membership tiers : the free loyalty tier will remain branded as ExtraCare, while the paid membership — previously called CarePass — has been rebranded as ExtraCare Plus. million members, on top of the more than 74 million members of the basic ExtraCare program.

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Home Depot Strengthens Pro Offerings with 4 New Distribution Centers

Retail TouchPoints

The Home Depot plans to open four new distribution centers designed specifically for the needs of its professional customers in the first half of 2024. The retailer already has opened similar pro-focused hubs across the country and expects to have 17 top pro markets equipped with new capabilities by the end of this year.