PublicationsFrom: Kevin Long Kevin.Long@quadstone.comDate: Wed, 23 May 2001 00:29:30 -0400 Subject: UK Survey: loyalty programs keep retailers in touch BOSTON, Mass, May 22, 2001 - Today, a UK survey reveals that eight in ten consumers think that retailers who track and analyze what their customers buy are more likely to be 'in touch' with what their customers really want. Furthermore, the majority (66%) of loyalty card users do not mind sharing information about what they buy with a retailer in return for a good quality loyalty program. The survey, commissioned by Quadstone, experts in predictive marketing for customer loyalty solutions, is based on a UK-wide survey of almost 1000 consumers, aged 18 and over. It found that six in ten UK consumers have at least one reward/loyalty card and 71% will use them as often as possible. Nick Radcliffe, chief technology officer, Quadstone, said "The results are a very positive endorsement for loyalty programs and clearly indicate that consumers are aware of the benefits from tracking their behavior. Consumers recognize that retailers use their shopping data to design loyalty programs, that are more appealing to their individual needs. As a result, consumers do not mind sharing information with retailers as long as they receive worthwhile, personalized benefits." Interestingly, loyalty card users are divided on why retailers swipe their loyalty card when they make a purchase: 46% think it is to credit their account with points; 44% believe it is to collect information about what they purchase; only one in eight (12%) think that it is for both of these purposes. More than half of the consumers asked think the information collected from their loyalty card is used to design future rewards that will be even more appealing (57%) or tailor offers and mailing more to their individual needs (49%). Four in ten (42%) believe the information is used to "group products together in the store to make shopping easier." For more information visit www.quadstone.com. |
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