The retail industry in the Middle East (ME) is highly competitive, with businesses constantly seeking ways to attract and retain customers. Customer loyalty is a critical factor in driving business success in the region, and understanding the loyalty drivers, consumer behaviour, and attitudes within the retail industry is essential to achieving this goal. This session will focus on exploring these factors in detail and how they can be applied to improve customer loyalty in the retail industry. It will pertain to the Epsilon Loyalty Index UAE 2023, which would serve as a benchmark for retail brands to assess themselves against best-in-class brands in the category.
In the ME region, there are several loyalty drivers that are prevalent in the retail industry. For instance, providing high-quality customer service is a significant driver of customer loyalty in the region. Customers in the ME region place a high value on personal attention, respect, and hospitality. Therefore, businesses that offer personalised experiences, such as in-store assistance, home delivery services, or other forms of personalised service, are more likely to retain customers. Another important loyalty driver in the region is reputation and trust. ME customers tend to be highly sensitive to the perception of their peers and social groups, and they often rely on word-of-mouth recommendations when choosing brands and businesses. Good reputation and trustworthy business practices can be a powerful driver of customer loyalty. Price and value are also important drivers. While price is an important factor for customers in the region, it is not the only driver of loyalty. They are willing to pay a premium price for high-quality products and services that meet their expectations.
The boardroom session on customer loyalty will focus on the relationship amongst these loyalty drivers, consumer behaviours, and attitudes within the retail industry. The session will provide participants with a comprehensive understanding of these factors, and how they can be leveraged. It will also include case studies and best practices from successful retail businesses in the Middle East region, which have utilised these loyalty drivers, consumer behaviours, and attitudes to build exceptional customer loyalty. The session will provide practical tools and strategies that participants can apply to their own businesses to improve the same