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Sharon Goldman

Sharon Goldman

COLLOQUY
Sharon Goldman is Senior Editor for COLLOQUY, published by LoyaltyOne.
  • 0 comments 1,257 reads
    Posted on 2011-01-17

    Two New York Times articles caught my eye recently as the drugstore and grocery wars heat up during this cold weather spell across the country:

    Beer in Brooklyn — an example of localization

    One was a piece from last week about Duane Reade, my local drugstore chain during the two decades I lived in ?Manhattan and Brooklyn, and which was bought by Walgreens last spring. The article highlighted its efforts to localize a new store in Williamsburg, Brooklyn, with something the neighborhood apparently sorely lacked: a specialty beer bar.

    This kind of community-focused effort to capitalize on local needs and strong identities of neighborhoods has lately become a hallmark of Duane Reade, which changes up its product mix based on the needs of the particular store. In Midtown Manhattan fresh flowers are sold, while in the ethnic-filled Bronx more Goya Hispanic foods are stocked. In...

  • 0 comments 1,917 reads
    Posted on 2011-01-07

    In the first issue of COLLOQUY’s new journal, Enterprise Loyalty in Practice, published this past fall, we spoke to Bari Harlam, Senior Vice President of Member Engagement of CVS Caremark, regarding that organization’s experience going through the Enterprise Loyalty process.

    Harlam pointed out that the data from the company’s loyalty program, CVS ExtraCare, is used to identify opportunities from its most profitable customers, who can offer some quick successes in integrating the loyalty data into the company’s operations and marketing. The beauty category was offered up as a prime example, as having access to information about customers who buy beauty products could offer hypotheses and opportunities to test and find out how to boost sales and customer loyalty.

    The news, then, that CVS recently launched an extension to ExtraCare, the ExtraCare Beauty...

  • 0 comments 2,227 reads
    Posted on 2011-01-03

    I hadn’t been to a movie in a theater in some time — In recent months I’ve stuck mostly to my beloved Netflix and Tivo — but over the New Year’s weekend, I decided to check out a new release at my local multi-plex.

    When I arrived at the ticket booth, I was surprised to find that the entire theater had been revamped and restructured to offer a “dine-in” experience. Food and drink, from nachos and burgers to salmon and pasta, complete with waitress service and beer, was available for two-and-a-half times the cost of a traditional movie ticket.

    What I found most surprising about the new program was that it was not an option. It was a requirement. No longer could I buy a single movie ticket there to see a film with just a box of popcorn or Junior Mints by my side. Instead, I was required to purchase the movie/food combination, whether or not I had any interest in a meal.

    From the standpoint of loyalty marketing, there are several issues at play here: While the dine...

  • 0 comments 1,496 reads
    Posted on 2010-12-21

    We reported on Rite Aid’s wellness+ program when it was launched last April, and we also discussed the loyalty effort as part of the larger trend linking wellness to loyalty, in our July cover story “The Wellness Prescription.”

    According to Rite Aid’s CEO John Standley, in a recent conference call detailing the company’s third quarter results, wellness+ members now account for 70% of Rite Aid’s front-end sales — and member market baskets are 50% larger than their non-member counterparts.

    Standley also announced that 29 million people have signed up for wellness+, and that the back-end — the pharmacy, that is — is seeing gains as well. “wellness+ members fill more scripts with us than non-members, probably due to the fact that our best customers are enrolling in the...

  • 0 comments 2,747 reads
    Posted on 2010-12-16

    As we get through the holiday season crunching peppermint sticks and sinking our teeth into home-baked cookies, it’s worth wondering:

    Do consumers prefer hard or soft benefits from their rewards program?

    According to this blog post I read last week about a new Mintel study about credit card rewards, the answer is “both.”

    According to the Mintel study, cash rebates — a super-hard benefit — show the most resonance for consumers. But, it also points out that consumers are burned out on frequent flyer programs and the discipline and time needed to accumulate and cash in miles. Instead, spontaneous travel options, like the opportunity to qualify for a trip they would not have been able to take, are more popular. And time-sensitive, unique experiences — the surprise and delight kind — are also desirable, especially...

  • 0 comments 1,236 reads
    Posted on 2010-11-23

    Every year, the holiday retail frenzy seems to start earlier and earlier. This time around, it seemed like the Halloween decorations weren’t even put up before the Christmas promotions came out to play.

    In an era of sluggish retail sales and a continuing downbeat economy, it’s no surprise that retailers are doing everything they possibly can to stand out in terms of holiday shopping strategies, offering discounts, sales and promotions that will bring as many customers stampeding to their doors as possible.

    However, whenever I watch retailers set out their holiday lures, I can’t help but ponder what these companies are doing behind the scenes to truly address issues of long-term loyalty long after the last Christmas tree gets ground up for mulch sometime in January. With the competition for loyal customers getting fiercer by the quarter, and marketing channels such as social media becoming more and more important and confusing at the same time, how will retailers work...

  • 0 comments 1,176 reads
    Posted on 2010-11-16

    “Checking in” at a retailer or service provider is getting more valuable than ever, with more companies rewarding customers who do no more than simply walk inside a particular location.

    Most recently, Mashable reported that Virgin America is the first airline to offer frequent-flyer points in exchange for checking into the airline’s airport terminals or baggage claims, courtesy of Topguest, which is a start-up platform tied to Facebook Places and Foursquare.

    This follows on the heels of an application called Shopkick, which offers customers points called “kickbucks” for entering a store or making purchases, which can then be used to redeem for gift cards, music downloads, or credits towards Facebook games. Retailer Target recently signed with Shopkick, which already has Best Buy and Macy’s on board.

    A third startup, Checkpoints, recently partnered with Kmart to offer a similar concept — customers...

  • 0 comments 1,121 reads
    Posted on 2010-11-03

    I was heartened by a recent Detroit News article that reported on a new Macy’s initiative called MyMacy’s, which allows managers to customize merchandise in specific stores based on customer request and market demand.

    It’s this kind of nimbleness and flexibility that is at the heart of some of the principles of Enterprise Loyalty we discuss in our new journal, Enterprise Loyalty in Practice. That’s because loyalty is not just a function of the marketing department. Building loyalty should ultimately become a function across the organization, including merchandising. And offering customization and flexibility to managers and store staff gives customers what they want and when they want it — and common sense says that can increase loyalty to your brand.

    According to the Detroit News piece, the result has...

  • 0 comments 1,347 reads
    Posted on 2010-10-26

    Want to use rewards points right at the register when you swipe your credit card? According to a recent New York Times article about a new credit card test from Citibank, the ability to do just that is right around the corner.

    The Citibank card, according to the article, goes beyond the traditional black strip, with two buttons and tiny lights and a battery — which allow customers to choose to pay with rewards points or with credit.

    This type of functionality has certainly been a long time coming, though there are problems that remain, such as the fact that there is no one technological standard for these kinds of tools — so it’s possible that not all phones and merchants will ever be able to accept it. In addition, cards themselves may eventually become obsolete — after all, companies have been working hard to add payment and rewards...

  • 0 comments 1,341 reads
    Posted on 2010-08-18

    It’s gotten big buzz thanks to a new partnership with Best Buy, and the New York Times has already shown an appetite for this app, but here at COLLOQUY we also get a kick out of Shopkick, the new smartphone application that gathers data on shoppers while they are in-store and targets them with relevant offers.

    It’s a really great example of what we’ve talked about when it comes to the rise of mobile loyalty: How technology is enabling loyalty marketers to understand their customers better and provide them (with the appropriate opt-in, of course) with personalized and relevant offers as well as the opportunity to earn points (in the Shopkick case, they’re called kickbucks).

    Today’s loyalty marketers want to reward potential customers right where they are — particularly when they are shopping right in the store. It’s been a long...