RetailWhy retailers must reward loyalty to stay profitable

Why retailers must reward loyalty to stay profitable

Survey of 1500 shoppers reveals why ‘loyalty’ is going to be the differentiator for retailers amid the cost of living crisis.

  • 4 in 5 are part of at least one customer reward scheme
  • 38% actively seek them out and 46% will join up when asked
  • 70% are willing to sign up just to receive discounts
  • BUT, 19% have never been asked to join whilst shopping in a store

As retailers struggle to stay profitable, whilst protecting customers from price hikes, the survey carried out by consumer intelligence experts at Manchester-based Purple found it doesn’t have to be a trade-off between the two.

Two thirds of the respondents said their loyalty to a retailer increases when they’re rewarded for visiting, however, the survey shows that retailers are missing out on an important opportunity to reward loyalty in-store, at a time when it matters the most.

Smart in-store WiFi can be easily utilised by retailers to encourage sign-ups to loyalty schemes and 66% of respondents have joined a free WiFi network when shopping. But the survey found just 16% join every time they shop, and here lies the opportunity.

What’s more, 41% of those surveyed believe that receiving text messages and emails while in store – with information and offers for specific products – helps to improve the customer experience.

Almost half claim promotions or a personalised experience influenced their most recent purchase and 83% are happy to share personal data in exchange for tailored offers.

Gavin Wheeldon, Chief Executive of Purple, commented: “The current economic climate is increasing the pressure on businesses and retailers should be looking to harness the full capabilities of their existing technology to compete with the competition.

“Whilst there isn’t ‘one size fits all’ solution, in-store WiFi technology can help retailers to facilitate real-time dialogue with the customer.”

Purple’s smart WiFi technology can collect real-time data using a captive portal for shoppers to log into the WiFi, using their email address or social media profile.

Furthermore, retailers can trigger communication with their customers directly through the Purple Platform, using a built-in marketing automation tool – or an existing CRM system.

Wheeldon continues: “When a retailer knows their customer is actively shopping in their store, they can access valuable data in an instant to leverage the personalisation consumers desire and enhance the overall shopping experience.”

News Desk
News Deskhttps://www.businessmanchester.co.uk/
The Business Manchester News Desk team is a collective of experienced journalists and editors dedicated to delivering comprehensive business news and insights from the Manchester area and beyond. With a strong background in finance, technology, property, and innovation, our team ensures that our readers stay well-informed about the latest trends and developments in the business world. Through in-depth reports and insightful analysis, the Business Manchester News Desk team is committed to providing high-quality journalism to its audience.
Latest

Brighton vs Manchester United LIVE score and goal updates as Michael Carrick makes three changes

It's the final matchday of the 2025/26 Premier League season and Manchester United will end their campaign with a trip to Brighton.Michael Carrick has...

Makerfield by-election LIVE as first poll shows Andy Burnham and Reform in knife-edge race

The Liberal Democrats have announced the party's candidate for the upcoming Makerfield by-election as Stockport councillor Jake Austin.Councillor Austin was born in the constituency...

Jet2 flight from Tenerife in mid-air 'chaos' as pilot suffers medical emergency

A Jet2 flight from Tenerife to Birmingham was forced to divert to Porto after the pilot suffered a suspected heart attack mid-air22:04, 23 May...

Keir Starmer insists 'our plan is working' and says he will 'keep pushing forward'

Sir Keir Starmer plans to remain as Prime Minister, despite calls to quitDespite Sir Keir’s claims of success, both Mr Burnham and Mr Streeting...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

Makerfield by-election LIVE as first poll shows Andy Burnham and Reform in knife-edge race

The Liberal Democrats have announced the party's candidate for the upcoming Makerfield by-election as Stockport councillor Jake Austin.Councillor Austin was born in the constituency...

Man United transfer news: Yan Diomande decision, Ederson update, Sandro Tonali latest

Manchester United academy star Malachi Sharpe has confirmed his departure from the club.In a post to Instagram, he said: "After 5 years my time...

Relief after Google's description of Holocaust survivor Ike Alterman as 'fictional character' disappears

Jewish leaders are calling on the US tech company to apologise22:48, 23 May 2026Updated 23:43, 23 May 2026"Second, I knew him as the director...

Man United transfer news LIVE – Ederson 'advanced talks', Elliot Anderson update, £80m battle

Thomas Tuchel has named the England squad for this summer's World Cup, with some Manchester United players missing out.There is no place in the...

More News

Make the most of your time in Manchester without carrying your bags

Manchester stands out as one of the UK’s most energetic destinations, blending industrial history with a modern creative scene and a deep-rooted football culture. Whether you’re...

Parfetts’ Go Local named Retailers’ Favourite Symbol Group

Stockport-headquartered wholesaler Parfetts has secured national recognition after its Go Local fascia was named Retailers’ Favourite Symbol Group at the Convenience Awards, marking the...

Mum’s the word… thank her with a lovely gift this Mother’s Day

Mums are brilliant… and also brilliantly awkward to buy for. Ask them what they want for Mother’s Day and you’ll usually get something like “Oh,...