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Boosting Repeat Sales: The Power of Loyalty Integration with POS Systems
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BEYOND TRANSACTIONS: Elevating Customer Experiences
Unlocking Success: The Power of Retailer Loyalty Programs
Did you know that customers enrolled in retailers’ loyalty programs visit stores twice as often and spend four times more money? It’s true! In fact our latest infographic reveals that research shows that 88% of retailers with a loyalty program are more profitable than those without. Loyalty programs not only foster customer loyalty but also significantly boost profitability for retailers.
The Role of Retail Loyalty Programs
Research indicates that 80% of retailers who track the ROI of their loyalty programs report a positive return on investment, with most programs generating 4.9 times their costs. Furthermore, 84% of consumers are inclined to remain loyal to retailers offering such programs, while 60% believe loyalty rewards enhance their overall customer experience.
Embracing the Future: The Evolution and Impact of Loyalty Programs in Retail
loyalty programs continue to showcase robust performance metrics, underscoring their significance in today’s retail landscape. Recognizing the value they bring, retailers are increasingly allocating resources towards enhancing customer loyalty. Moreover, in tandem with the evolving demands of consumers, retailers are proactively modernizing their technology and strategies to ensure alignment. With the emergence of innovative loyalty strategies tailored to offer maximum benefits to customers, the future of loyalty programs appears promising as they remain integral to fostering lasting relationships and driving sustained business growth.
Testimonials
Here’s what our happy customers had to say about us:
iVend Retail is a fully integrated omnichannel system that is always looking to the future for more benefits to the retailer & customer. It has everything in its suite that we need including inventory management, reporting, ERP integration and an excellent after sales support.
As an own brand retail organisation disruption in the sales process in our flagship stores was one of our biggest fears. We took a lot of time to analyse our needs and finding the right retail solutions for Oscar Jacobson. The decision to migrate to the sophisticated iVend omnichannel Solution together with our implementation partner Retail Store Scandinavia and the iVend team has proven to be a success. The upgrade has been done smoothly to the new system and in a short timeframe.
We implemented iVend Retail alongside SAP Business One to address a total lack of inventory information. As a result, we gained inventory visibility that allows us to educate customers on product quality, view sales every day at each store in real-time and track our best performing stores. Most importantly, we can open new stores with the right materials and staffing in record time.
