MoneySuperMarket: Membership schemes will help us cut marketing spend
Niamh CarrollThe price comparison business is aiming to reduce its reliance on “expensive” third-party media investments by driving revenue through its membership propositions.
The price comparison business is aiming to reduce its reliance on “expensive” third-party media investments by driving revenue through its membership propositions.
Despite overall growth, Argos’s sales slumped 6.2% in the last quarter as consumers remain cautious, says Sainsbury’s CEO.
Halfords has doubled loyalty membership in the past year, during a “tough” period which has seen its profits fall more than 18%.
Don’t think of loyalty programmes as points-based schemes that cost money, but as an investment in new revenue streams and drivers of profitable growth.
Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne See more of the Marketoonist here
Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne See more of the Marketoonist here
Investing in digital capabilities to “personalise the experience” will drive profitability for the company, McDonald’s CEO says.
Morrisons CMO Rachel Eyre describes loyalty as a two-way street so says the supermarket must be “hyper-personalised” in its offer to get more people “voting with their feet”.
Sainsbury’s reported higher than expected profit growth and increased optimism for its Nectar loyalty proposition, which it says is strengthening its retail media offer.
The direct-to-consumer flower business is reducing its marketing spend as it shifts its focus from growth to profitability, following £100m in operating losses last year.
Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne See more of the Marketoonist here
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Currys says its transition from product to brand-focused marketing is driving the creation of “customers for life” in the UK and Ireland.
Co-op, which introduced member pricing last year, will now abandon its rewards-based system in favour of focusing on “much more rewarding” exclusive discounts.
The online supermarket has revealed increases in active customers and volume growth following a step change in marketing strategy.
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