Returns and exchanges management to mitigate fraud and reward best customers
Personalized tracking experiences to build brand loyalty
AI-powered delivery date estimates to boost conversion
Delivery claim management to tackle fraud and build trust
Proactive communication to drive customer lifetime value
Blog
By
Narvar Team
Did you know retail sales fell -1.1% from November to December 2022, despite it being peak season?
Or that pricier ad rates combined with declining ad performance are sending customer acquisition costs soaring?
These and other factors (e.g., inflation, economic insecurity, declining personal savings rates, etc.) are making today’s overall retail environment the most challenging since the Great Recession.
When acquisition becomes inefficient and average order values start to slip, brands must maximize the loyalty of their existing customers to ensure a stable flow of cash into company coffers.
From simple “thank you” notes, to personalized promotions, to proactive SMS notifications, there’s no shortage of ways retailers can improve the loyalty of customers. In this infographic, you’ll learn about all the ways an improved post-purchase journey can mitigate churn and reduce your reliance on customer acquisition for growth.
Download the Full Infographic Here!
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