Digital Journal
Customer loyalty is declining—but ironically, some consumers are showing brand devotion by shelling out annual fees. In the early days of retail, customer loyalty was secured the old-fashioned way: through high-quality products, reasonable prices, and brand recognition. But in 2024, consumers have a dizzying array of choices in a global…
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Why more businesses are offering loyalty programs
Customer loyalty is declining—but ironically, some consumers are showing brand devotion by shelling out annual fees. In the early days of retail, customer loyalty was secured the old-fashioned way: through high-quality products, reasonable prices, and brand recognition. But in 2024, consumers have a dizzying array of choices in a global…