Dove, Adidas, JetBlue, Others Top Loyalty Program
Rankings
37%
of Millennials Said They Would Not Be Loyal to a Brand Without a Program
Dove, Adidas and JetBlue
get high marks for loyalty program satisfaction, according to a new report from
Bond Brand Loyalty, which has changed its name from Maritz Loyalty Marketing.
In its fourth-annual study of more than 6,000 consumers, the agency found that
69% of participants in loyalty programs are satisfied with them."There
aren't too many brands without some sort of loyalty program in place," said
Scott Robinson, consumer loyalty strategist at Bond.
Indeed, it appears that
today's younger consumers have come to expect brands to offer incentive
programs. Almost 30% of all studied said brand loyalty requires such a program.
A CMO might react negatively to the news that only a third of customers were
loyal to the brand, suggested Mr. Robinson. "The loyalty marketer would
say, 'I'm getting my raise this year.' "
The number spikes to 37%
when it comes to millennials surveyed for the study, who said they would not be
loyal to a brand that doesn't have a strong loyalty program. These millennials,
defined in the study as 20-to-34-year-olds, alter their purchase behavior based
on loyalty offerings, too. According to the study, 68% change when and where
they make purchases to get loyalty rewards, and 60% will switch brands if
incentivized. On average, people are enrolled in 10.4 loyalty programs,
according to Bond, yet they are only active in 70% of them.
People today are more
leery of coughing up personal information to branded loyalty programs, said the
report. Compared to 29% of consumers who said last year they weren't sure why
programs require them to divulge personal data, 32% said the same this year. "Willingness
to share personal information is strongly correlated with trust," said the
report, noting that "49% of members who strongly believed a program is
trustworthy are willing to share information -- over three times the average."
Personal data uses deemed
"cool" by those surveyed included discounts based on previous
purchases, customized offers and invitations to events, and "online
communities" related to the loyalty program.
Who's Tops in the Loyalty Game?
Bond Brand Loyalty listed
the top loyalty programs in a variety of categories. Here's who ranked No. 1 in
each category, followed by the key driver of satisfaction in that category:
Consumer packaged goods
Dove (total earning potential)
Dove (total earning potential)
Dining/quick-service
restaurants
Papa John's PapaRewards (members were proud to be part of the program)
Papa John's PapaRewards (members were proud to be part of the program)
Entertainment
AMCStubs (total earning potential)
AMCStubs (total earning potential)
Payment Cards
Chase Southwest Airlines Rapid Rewards Premier (quality of rewards)
Chase Southwest Airlines Rapid Rewards Premier (quality of rewards)
Retail
Kohl's Rewards (total earning potential)
Kohl's Rewards (total earning potential)
Grocery
Giant Eagle Fuelperks (ability to reach desired awards in timely manner)
Giant Eagle Fuelperks (ability to reach desired awards in timely manner)
Pharma
RiteAid Wellness (total earning potential)
RiteAid Wellness (total earning potential)
Apparel
Adidas (total earning potential)
Adidas (total earning potential)
Telecom
Verizon (members were proud to be part of the program)
Verizon (members were proud to be part of the program)
Air Travel
Jet Blue TrueBlue (quality or rewards)
Jet Blue TrueBlue (quality or rewards)
Hospitality
Marriott Rewards (program is trustworthy)
Marriott Rewards (program is trustworthy)
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