article thumbnail

Stepping Into The Future of Retail With Foot Locker

InMoment XI

Click and Collect Data: Understanding customer preferences for omnichannel shopping experiences. Social Media Monitoring: Tracking customer sentiment and engagement on social platforms. Competitor Analysis: Monitoring competitor performance and market trends to stay ahead of the curve.

Retail 260
article thumbnail

4 Keys to Transforming Your CX Program to an ROI-Focused, Revenue Generating Machine

InMoment XI

And due to these conditions, businesses need to justify the return on investment (ROI) for every initiative—including their customer experience (CX) program. Unsurprisingly, the answers were return on investment, finding budget space, and enabling stakeholder buy-in. and compiled them into a report.

ROI 493
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Customer Acquisition Vs. Customer Retention: Which Aspect Should You Focus On More

CSM Magazine

Customer acquisition and customer retention are two vital aspects of business growth, each playing a unique role in ensuring the long-term success of a company. Understanding Customer Acquisition and Customer Retention Customer acquisition involves attracting prospects to a business and converting them into paying customers.

article thumbnail

How Market Segmentation Can Be Used to Improve the Customer Experience

InMoment XI

And that can lead to significant business value: Increased Customer Retention Knowing your customers well will lead to a sharpened customer journey because your brand will know how and which marketing messages will resonate with customers.

Marketing 260
article thumbnail

4 Reasons Why Customer Retention Matters to Your Customer Acquisition Efforts

Bob Hayes

Yet businesses are over 2x more likely to focus on acquisition efforts than they are retention efforts. In today’s post, I want to discuss why businesses need to increase their focus on customer retention efforts and why the are imperative to your customer acquisition efforts. Increase Revenue.

article thumbnail

4 Reasons Why Customer Retention Matters to Your Customer Acquisition Efforts

Bob Hayes

Yet businesses are over 2x more likely to focus on acquisition efforts than they are retention efforts. In today’s post, I want to discuss why businesses need to increase their focus on customer retention efforts and why the are imperative to your customer acquisition efforts. Increase Revenue.

article thumbnail

7 Tips to Maximise Your E-Commerce Customer Service

ProProfs Chat

Before we move further, let’s understand why providing a stellar service is important to enhance your customer experience. Providing the best customer service will. Improve your customer retention rate. Improve your ROI (Return on investment). Improve customer satisfaction. Offer Live Chat.