Building business impact by deriving consumer insight and actions using loyalty customer data
Industry – Retail
THE CHALLENGE
How to increase revenue by 50% from loyal customer base
SOLUTION
Develop framework to achieve business goals
APPLICATION
Segmentation used to define customer communication strategy
RESULT
More Spends – Average bill value for Members increase by 27%
More category penetration – During a repeated visit more than 50% members purchased 3-5 products, Whereas 80% nonmembers purchased 1- 2 products
Non-peak hour shoppers – Members visited store between 1-4pm v/s nonmembers who visit from 4-7 pm, 7-9 pm