According to a new report from Bluecore, retailers with the highest identification rates have a 53% increase in repeat purchase rates.

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The report provides data across four key phases of the customer lifecycle: acquisition, conversion, retention, and loyalty; with all phases having a foundation in shopper and customer identification.  Based on the entire 2023 calendar year, the report includes data from more than 100 retailers across the Apparel, Sporting Goods and Outdoor, Health and Beauty, Toys and Gifts, Footwear, Home Goods, and Jewelry and Luxury categories.

First-of-its-Kind Customer-Led Benchmarks Uncover the Metrics That Drive Growth Across 100 Leading RetailersNEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Bluecore, a retail shopper identification and customer movement technology, today announced the release of its Customer Growth Benchmarks Report.

While every vertical has unique trends, Bluecore finds that across the board, retailers focused on the metrics and best practices that drive customer movement have higher performance across the customer lifecycle.  Identification drives higher purchase.

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Article Details

Author / Journalist: Bluecore

Category: Technology

Markets: ChinaGeorgia

Topics: Retail Growth Report Shopper Retention Movement Bluecore Retailers Customer Identification Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-16 @ 14:57:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 398 words

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News ID: 20705905

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