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Retail Prophet - Why Paid Membership Is the New Loyalty
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Why Paid Membership Is the New Loyalty

02/28/18 • 9 min

Retail Prophet

Each year the retail industry invests billions of dollars in customer loyalty programs but do they actually make customers more loyal? In this episode Doug explores the surprising truth about our loyalty to retailers and why a new breed of program is turning the industry on its head.

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Each year the retail industry invests billions of dollars in customer loyalty programs but do they actually make customers more loyal? In this episode Doug explores the surprising truth about our loyalty to retailers and why a new breed of program is turning the industry on its head.

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In a world where radical business innovation is now a matter of survival, many companies are held back by the very thing they care most about. In this episode, Doug shares one simple way of instigating breakthrough creativity in any business.

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In 2013 I wrote an article called The Store is Media where I projected a new era of retail where the primary purpose of physical stores would cease to be to sell products but rather to create and monetize customer experiences. Today, a new class of pioneering retailers and industry players are bringing this concept to life. In this episode, I caught up with several of them to tap their thoughts on this seismic shift and what it means for the future of retail.

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