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How Subscription Strategies can Supercharge Loyalty Programs

Retail TouchPoints

of respondents), as well as free or discounted shipping (the next-highest response at 63.2% ). Chad Lusk: The first thing to think about is the customer value proposition, which isn’t only about pricing — there are a lot of different sources of value. RTP: What are some of the most effective membership retention strategies you’ve seen?

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3 Ways SMBs Can Deliver a More Personalized Shipping Experience

Retail TouchPoints

With supply chain disruptions still making headlines, small and mid-sized businesses (SMBs) looking to remain competitive may contend with inventory challenges and rising rates of theft and damage in the last mile. Here are three ways SMBs can deliver a more personalized shipping experience to build a happier, more loyal customer base.

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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

Revenues were down more than expected, decreasing 42% YoY to $78 million ; adjusted EBITDA was in line with expectations but still represented a loss of $66 million in the quarter; and monthly active users were down 48% to 12 million. “As The trade-off is long shipping times, another thing Wish is working hard to improve.

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16 ways to improve Average Order Value during the holidays

lateshipment

Increasing the average order value directly boosts your store’s revenue, increases customer loyalty , and retention and reduces churn rate. 16 ways to improve Average Order value during the holidays 1. Offer product bundles Product bundling is a well-known strategy used during the holiday season.

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Package Delivery Satisfaction Ratings: Driving Customer Retention and Revenue Growth

lateshipment

You make your choices, enter your payment information, and eagerly await the arrival of your package. This is where the efforts taken up by brands to offer a great CX in the order delivery phase differ and have a profound impact on customer retention and revenue growth for businesses. The anticipation is palpable.

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#RSP22: Everything You Need to Know About Holiday 2022

Retail TouchPoints

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. Differentiating on product and price has become harder and harder.

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Shopping Cart Abandonment: 7 Tips to Capture Revenue

Groove

Shopping cart abandonment is often influenced by competitive pricing, uncertainty about store credibility and general forgetfulness. To combat these issues, we're outlining clear strategies to help nurture potential buyers and encourage them to convert. Free Shipping. Shopping Cart Abandonment Tips.