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1. The scope and nature of retail marketing
- Prof. Steve Burt
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2. Understanding the retail customer
- Mr. Jonathan Banks
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3. Managing retail customer relationships
- Prof. Merlin Stone
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4. The retailer as a brand
- Mr. Clive Woodger
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5. Evaluating retail locations
- Dr. David Rogers
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6. Retail advertising and promotion
- Dr. Ian Phau
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7. Retailer-supplier relationships
- Prof. John Fernie
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8. The Nordstrom way to customer service excellence
- Mr. Robert Spector
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9. India: retail and consumer
- Mr. Arvind Singhal
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10. Multichannel challenges for retail marketers
- Dr. Jonathan Reynolds
Printable Handouts
Navigable Slide Index
- Introduction
- What are retail customer relationships like?
- The reality
- Definitions: state of mind vs. behaviour
- Loyal states of mind examples
- Loyal behaviour examples
- Working on feelings or behaviour
- Loyalty is not binary
- Targeting loyalty
- Role of information
- Information exchange
- E-loyalty - key dimensions
- Loyalty schemes and loyalty themes
- Logical & consistent, or quick fix?
- The key - understand your customers
- Objectives of loyalty approach
- Measures and lifetime value
- Tesco case study
- In 1992, Tesco faced many challenges
- How did Tesco achieve such growth since 1992?
- UK's most popular non-consortium loyalty card
- Milestones in Clubcard launch
- Factors that led to Clubcard rolling out nationally
- Basic data analysis provided valuable information
- Sophisticated analysis and segmentation
- Phase 1 Basic analysis
- Phase 2: 'Loyalty Cube' analysis by dunnhumby
- Customer interactions based on Loyalty Cube
- Phase 2: Late 1990s
- Phase 2: 'Tesco Lifestyles' - what and why
- Phase 2: Lifestyles yielded better results
- Phase 3: Tesco introduced 'Shopping Habits'
- 'Shopping Habits' represet more powerful analysis
- 'Shopping Habits' coveres all customers
- Customer insight used by Tesco
- Targeted marketing and events: quarterly mailing
- Tesco uses insights to create new strategies
- Pricing strategy
- Conclusions
- Speaker details
Topics Covered
- What are retail customer relationships?
- What is retail customer loyalty and where does it fit into relationships?
- The role of information in managing relationships
- Loyalty schemes and loyalty themes
- Measuring the value of relationships
- Tesco case study: what Tesco achieved and what can be learnt from it
Talk Citation
Stone, M. (2009, February 25). Managing retail customer relationships [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved December 30, 2024, from https://doi.org/10.69645/TYSI4929.Export Citation (RIS)