CRM News: Customer Loyalty

CRM Conference to Showcase the Retail Experience
May 14, 2012

CRM Conference is being held May 29 to 31 at the Chicago Hyatt Regency. This annual event offers a unique agenda for retailers, said Devon Wylie, CEO of CRMC. "It's specifically focused on case studies from topnotch multinational retailers. With this approach, attendees can get actionable learnings they can take home with them."

When Your Business Goofs, CRM Can Be Your Best Friend
May 10, 2012

There are three things certain in life. We all know the two cited by Benjamin Franklin, but there's a third certainty that we all face regularly and have to cope with constantly. That's the certainty that we'll make mistakes. Everyone makes them; if it hasn't happened to your business, you haven't been in business long.

E-Commerce Companies Pleasing Customers More Than Ever
May 09, 2012

E-tailers are getting better and better at making their customers happy, according to the annual E-Retail Satisfaction Index released by ForeSee. In this year's report, a record 36 online retailers out of 100 achieved the so-called "threshold for excellence," with scores of 80 or higher on the 100-point scale. That compares with 28 sites achieving this distinction in 2010 and 2011, and six reaching it in 2009.

Making Customers the Object of Devotion
May 07, 2012

The proliferation of customer service channels can be both a blessing and a curse. It can be a blessing in that companies now have more ways than ever to address customer needs and resolve customer issues, potentially leading to increased customer satisfaction, loyalty and retention. At the same time, the proliferation of customer service channels can be a curse.

How Outside Experts Can Refine the Customer Experience
April 17, 2012

When it comes to technologies that provide the foundation for customer experience management, there is no shortage of options. The marketplace today is deluged with platforms, including self-service solutions that offer multimodal and open response survey vehicles for soliciting customer feedback across multiple channels, including in-store, email, website and call center.

Halo Report Illuminates Angel Investor Trends
March 08, 2012

Now is a good time to be a startup looking for funding, suggests the Halo Report, which provides data and identifies trends affecting early stage entrepreneurs and investors. Angel Resource Institute, Silicon Valley Bank and CB Insights collaborated in the development of the report. Most notable among its findings: The median round size for angel group investments grew to $700,000, an increase of 40 percent over 2010.

Fee-Hungry Banks May Test Customers' Patience Again
March 02, 2012

Bank of America appears poised to ignite the wrath of its customer base once again by introducing a new fee structure for basic checking accounts. The company reportedly is readying changes that will require users of basic checking accounts to pay a monthly fee. If the customers agreed to bank online or, buy more products, or maintain a certain balance, the fee may be waived.

Retail Autopsy: What Killed Borders, Circuit City and Hollywood Video
January 24, 2012

The Borders near me closed the other month. Wasn't surprising. Ditto for Circuit City. Gone. A few years prior to that it was Hollywood Video that rolled its end credits. The problem is, none of them had to go. They each died of self-inflicted wounds. Sure, a lot of their CEOs came out and blamed Iraq, the economy, e-commerce, etc., for their failures.

It's Showtime for CRM
January 23, 2012

CSC and Infovisionix announced a new agreement at Retail's BIG Show 2012 in New York City. Under the agreement, Infovisionix's suite of retail reporting and analysis tools will be incorporated in CSC's Retail Enterprise Intelligence offering. The new capabilities will help retailers understand and improve key operational and customer performance metrics.

Oracle's Downward Spiral
January 05, 2012

Let's be frank: The main reason Oracle's latest quarterly revenues nosedived was backlash from users fed up with two years of price hikes on products, technical support, maintenance and licensing contracts -- and not because of a correction in the overall server hardware market. Yes, it's true that the latest quarterly financials of other high-technology bellwethers also disappointed.

Amazon Surges, Netflix Paddles Against Customer Satisfaction Current
December 28, 2011

After seven years of a neck-and-neck race for first place in customer satisfaction, Amazon has pulled decisively ahead of Netflix, according to ForeSee's annual Holiday E-Retail Satisfaction Index. Amazon moved ahead 2 points to reach the top spot with 88 on the index's 100-point scale. Netflix slid 7 points to 79. Amazon's 88 score is an all-time high for the 14-year-old index.

Verizon's 4G Service Back Up, but Users Still Miffed
December 08, 2011

A technical issue disrupted 4G LTE network service from Verizon Wireless for some customers between late Tuesday and late Wednesday, but the issue is now resolved. That's according to the company, which issued only a terse statement on Thursday morning. The term "outage" is "not entirely accurate" as a description of what occurred, said spokesperson Tom Pica, but he declined to provide further detail.

Loyalty Programs: The Wireless Industry Could Be Onto Something Big
December 08, 2011

Androids and iPhones are not the only things that are new in wireless. Networks like C Spire and U.S. Cellular are starting to market themselves very differently to customers. They're using rewards and loyalty programs, which may play a larger role in winning and keeping business going forward. Will Verizon, AT&T and Sprint follow?

The Tough Task of Humanizing AT&T
November 03, 2011

AT&T is one of the most successful and best-known brand names in the wireless and telecom industry and, in fact, in the entire world. So why do customers dislike it so much? That's the question Esther Lee thinks about every day. Esther Lee is vice president of brand marketing and advertising for the company. Her job is to help customers love the AT&T brand. And right now, it's an uphill battle.

B of A Backtracks on Debit Fees
November 01, 2011

Bank of America has decided to back off from a controversial fee that it announced in September: a $5 ding every month for consumers who use their debit cards to make a retail purchase. The plan had endured sustained consumer outrage since it was publicly revealed.

Debit Card Fees May Drive Disgusted Bank Customers to Credit Unions
October 25, 2011

The ire exhibited by consumers in the wake of Bank of America's recent announcement that it would impose a $5 monthly fee for using debit cards for retail purchases does not seem to have been a momentary flash -- at least, not based on findings in a survey by The Research Intelligence Group. Thirty percent of U.S. consumers would leave their bank over debit card fees, it indicated.

Silverpop Sees Location-Based Marketing as Golden
October 14, 2011

Facebook, check. Twitter, check. RSS feeds, absolutely. Mobile, heck yes. In short, email marketing and marketing automation vendor Silverpop has been steadily adding the social and mobile channels to its range of offerings. Now it is pulling the "check-in" channel into the mix with its acquisition of PlacePunch, a location-based services marketing platform.

Netflix Gives Testy Customers Half a Loaf
October 10, 2011

Netflix cracked under pressure and regrouped its business into a single service offering that includes both streaming content and mailed DVDs. The company announced on Monday it will not split off its DVD-by-mail service under the name "Qwikster," as planned. Instead, U.S. customers will continue to use one website, one account and one password.