December 2012
Intermediate to advanced
384 pages
6h 55m
English
Content preview from Retail Operations, Second Edition
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Chapter 2. The Retail Store Customer
Acquiring and keeping customers is paramount in today’s competitive marketplace. It is increasingly important for retailers to retain their most important asset — their existing customers. This is because
customer loyalty is the most cost-effective way to profitably grow a retail business.
The challenge to all retailers is “How can I get my customers to be loyal?”
Building loyalty and retention, cross-selling related goods and services, broadening offerings to fulfil more of customers’ needs are just some ways of adding to the retailer’s profitability.
Some retailers are even going to the creative extremes ...
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