Consumer loyalty is
one of the most valuable assets a retailer could possess. With
increased competition from rival stores and brands, a vast range of
product choice and variations, and the expansion of internet trading
and comparison websites, loyalty is scarcely existent in the modern
retail environment. With the retail world saturated in plastic cards,
point schemes, and a whole spectrum of consumer loyalty tactics, the
investigation into loyalty schemes establishes their effectiveness in
living up to their name. Research has expanded knowledge of previous
authors, and examines what does and does not make a consumer loyal,
taking into account the effect of loyalty cards for both the consumer
and retailer. It attempts to develop an understanding of the most
effective way for retailers to turn a mere consumer into a loyal
customer. The development of loyalty models and analysis of research
begin to suggest that loyalty schemes are successful when offering
sustainable benefits to the consumer such as special offers, reduced
pricing, and free gifts, however the effectiveness of loyalty schemes
are dramatically reduced when the participants privacy is invaded with
purchase tracking and direct mail. However, it is discussed that
loyalty schemes should be used only as one part of a customer loyalty
strategy, and that other techniques such as building staff and customer
relationships should be emphasised to begin to increase the wavering
loyalty levels within today's disloyal retail environments.
- 10,000 words - 68 pages in
length
- Excellent use of literature
- Good in depth analysis
- Well written throughout
- Does not include
questionnaire
- Ideal for marketing and
business students
CHAPTER ONE
Introduction
Aim of the Study
Objectives
Chapter Outlines
CHAPTER
TWO
Literature Review
Consumer Loyalty
Loyalty within the modern retail environment
The Importance of Capturing Loyalty in the Retail Sector
Most Likely Loyalists
The Loyalty Card Phenomenon
Are Loyalty Schemes Successful?
Problems and Issues surrounding loyalty marketing
An Alternative Answer
Gaps in the Literature
CHAPTER
THREE
Research Methodology
Research Philosophy
Secondary Research
Advantages of Secondary Research
Limitations of Secondary Research
Primary Research
Quantitative Research
Advantages of Questionnaires
Limitations of questionnaires
Qualitative Research
Advantages of Depth Interviews
Limitations of Depth Interviews
Samples
Analysis of Research
Research Ethics
CHAPTER
FOUR
Primary Research Findings– The Consumer & Loyalty
Age Groups
Ownership of Loyalty Cards
Store Loyalty
Shopping Factors – The Most and Least Important
Attraction to Loyalty Schemes
Loyalty Scheme Pros or Cons
Influences of Loyalty towards a Store or Brand
Loyalty Schemes Vs Loyalty
Loyalty Most Likely
Significant Reasons for a Decline in Consumer Loyalty
Primary Research Findings – The Retailer & Loyalty
CHAPTER
FIVE
Primary Research Analysis
Consumer Loyalty
Supermarket Loyalty
Age & Loyalty
Consumer Opinion of Loyalty Schemes
What Consumers want from a Loyalty Scheme
The Loyalty Card Pyramid
Can loyalty be influenced?
The Retailer‟s View
The Retail Loyalty Model
CHAPTER
SIX
Conclusion
An Understanding of Loyalty and Consumers
An Understanding of Loyalty and Retailers
Investigation into Loyalty Schemes and their Effectiveness
Recommendations for Further Research
References
Bibliography
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