LOYALITY PFOGRAMS IN FAST-MOVING CONSUMER GOODS (FMCG) SECTOR Cover Image

LOYALITY PFOGRAMS IN FAST-MOVING CONSUMER GOODS (FMCG) SECTOR
LOYALITY PFOGRAMS IN FAST-MOVING CONSUMER GOODS (FMCG) SECTOR

Author(s): Radek Tahal, Václav Stříteský
Subject(s): Social Sciences
Published by: Univerzitni servis s.r.o.
Keywords: loyalty program; retail; customer loyalty; benchmark

Summary/Abstract: One of the crucial tasks of a retailer is to attract the consumer and to build the long-time relationship called loyalty. In the paper, there are first described tiers of the relationship between retailer and customer. They can be classified as “satisfaction”, “repeated purchases” and “loyalty”. Then, based on the analysis of existing loyalty programs, their categorization has been made. In most cases the loyalty programs are based on financial remuneration of those who participate, usually according to the cumulative amount spent. This paper reveals the loyalty programs mechanisms that are typically used. Last but not least, the comparison of almost 30 specific loyalty programs has been made in order to reveal the remuneration principle and to establish the benchmarks.

  • Issue Year: 2/2013
  • Issue No: 4
  • Page Range: 67-74
  • Page Count: 8
  • Language: English