Brands face a current environment where consumers are increasingly loosening ties and changing shopping habits due to economic pressures and shifting expectations. Customers are less brand loyal today than they were five years ago, pushing brands to build stronger communities through providing emotional connections and support.
Here are five key takeaways to how customer loyalty is changing, based on a recent worldwide survey of 154 marketing and retail professionals commissioned by Bloomreach in partnership with EMARKETER.
Almost six in 10 respondents (59.1%) believe customer experience is key to building loyalty with consumers, per our survey with Bloomreach.
Some 58.4% of respondents said making emotional connections on consumer aspects like beliefs and values helps to forge loyalty, per our survey.
After customers have made a purchase, 32.5% of respondents say making support readily available provides the best opportunity to ensure customer retention, per our survey.
Tailoring experiences to consumers' personalized tastes is a valuable way to build loyalty for brands, according to our survey.
68.8% of respondents think that when customers feel more economically secure, they become more brand loyal, per the EMARKETER and Bloomreach survey.
Download the full report here.
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