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

Modern Honeymoons Are Moving Beyond the Traditional Island Escape

The idea of the perfect honeymoon is evolving. While peaceful beaches and luxurious villas remain part of the dream, many couples now want their...

More households are being drawn into Inheritance Tax

Beaumont Wealth is urging individuals and families to review their estate planning, as increasing property prices and long-standing frozen Inheritance Tax thresholds mean that...

How outsourced finance helps Manchester SMEs make better decisions

SMEs account for 99% of Manchester’s business base, and employ 71% of its workforce. The city’s tremendous growth, productivity, and attractiveness to foreign investment...

Graduate scheme’s police detective results beat national average for seventh year

A scheme aimed at gaining graduates access to careers in the Police Force is celebrating best-ever results from its detective programme. Police Now, a registered...
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

SME Finance Demand Climbs 63% in Q2 2026 as Businesses Navigate Higher Costs

Fresh figures show working capital borrowing has nearly doubled over the past two years, while start-ups are now taking out larger loans than established...

SAVVY Collective unveils refreshed identity and broader business offering for independent hospitality operators

SAVVY Collective has introduced a refreshed brand and a wider strategic direction as it strengthens its support for independent hotels, leisure businesses and lifestyle...

Why your ads are showing to everyone except the people ready to buy

Have you ever experienced the frustration of investing so much in your ads and still struggling to get conversions? Yes, you can still rely on...

New creative production house and studio space launches to meet growing demand for food and drink content

Glass Productions, a premium end-to-end creative production agency, and Glass Studio, its purpose-built dual kitchen studio space, are launching this month, bringing an ambitious new...

More News

Why your ads are showing to everyone except the people ready to buy

Have you ever experienced the frustration of investing so much in your ads and still struggling to get conversions? Yes, you can still rely on...

Raising the Roof at 20 Stories!

Cheshire-based family business, InstaShade, a specialist in high-end outdoor lifestyle solutions, has just completed installation of an elegant bioclimatic pergola in the rooftop bar...

Father’s Day gift guide 2026: Best gifts for every type of dad

Father’s Day (June 21) is the perfect time to celebrate the people who make everyday moments feel special.  Whether he enjoys slow mornings with coffee,...