Loyalty to retail

We all know the difficulties the Italian market is going through and how hard it is for the economy to take off again. Observation with no action does not bring any benefit, though. It is important to look back at how the retail business has developed and focus on what really made it work. The culture our economy is based on, coming from farmers and artisans, is rich of business values which should not get lost or completely changed by the modern marketing philosophies from big commercial centers.
If a company does well, benefits are paid out not only to the owner but also to the community where the business is based. This is the basic of the natural commercial center, i.e. creating a network involving all the main activities on the territory, like a big machine working in harmony. Research conducted on an annual basis to define which are the municipalities with the best standard of living in Italy, include information regarding the services at the top. This signifies the importance of local activities on individuals’ quality of life.
Treating a customer correctly is fundamental to increase one’s own competitive advantage and sets the basis for high quality service, necessary to gain new customers. Many tools are available to control the business, to help analyze each customer’s behavior and create customized experiences aimed at building customer loyalty by meeting effectively and efficiently their needs. Personalized cards, fidelity cards, discount cards, token collection cards, and gift cards, all used to increase buying frequency and average spent, inviting new customers in a close, trustworthy relationship which brings advantages to both sides.
All these activities come from the so called “natural commercial center”, a network of stores with their own life. To ensure its proper functioning it is important to facilitate the relationship among stores, ensure customers stay within the network and make sure benefits for the stores belonging to the network continue to increase.
These are the core pillars on which Loytrend, fidelity evolution is based.
Gaetano Passaro, CEO & Founder
