loyalty_28.05.12

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    Loyalty Programs of :

    Lifestyle

    shoppers StopWestside

    Central29.05.2012

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    Loyalty Program

    Loyalty programs are structuredmarketing efforts that reward, and

    therefore encourage, loyal buyingbehaviour behaviour which ispotentially beneficial to the firm

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    Benefits For Company

    Retaining the customers or clients

    Acquiring new customers

    Easy to implement

    Maintain and increase sales (eg. Inducecross product buying)

    Loyal customers are less price sensitive

    Positive Word-of-Mouth by customers

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    Benefits For Customers

    Better Deals

    Special incentives

    Ease of Shopping

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    Loyalty programs

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    LIFESTYLE The Inner Circle

    Cards entry fee: Rs. 200

    Bonus points on new card: 100

    Mechanism of points:Point issuance: 2 points for every 100

    Rupees

    Point redemption: Rs. 100 off on 166 points Additional Benefits:

    Gift voucher of Rs. 1000 from FCUK

    Gift voucher of Rs. 300 for purchase of any

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    SHOPPERS STOP- First citizen

    Cards entry fee: Rs. 300

    Bonus points on new card: 100

    Mechanism of points:Point issuance: 1 point on every 100 Rupees

    Point redemption: Points can be redeemedanytime irrespective of the number

    of points1 point= 70 paise

    Additional Benefits:

    Refundable parking

    CD

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    SHOPPERS STOP

    Points can be redeemed at: Shoppers Stop,Home Stop, Mother care

    Tier System:

    Classic : 1 Point on every 100 Rupees

    Validity 2 years

    Silver: Classic gets converted to silver on purchase worth

    of Rs. 10,000 within 2 years.

    2 points on every 100 Rupees

    Gold: Silver gets converted to gold after purchase worthof Rs. 40,000

    3 points on every 100 Rupees

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    WESTSIDE CLUB WEST

    Cards entry fee: Classic Fee ofRs. 150( without any purchase) or

    Complimentary on purchase worth of Rs.2000 Bonus points:25

    Gold Complimentary onpurchase worth of Rs. 5000 Bonus points:50

    Mechanism of points:

    Point issuance: Classic: 1 point for every100 Rupees

    Gold:1 point for every 80

    Rupees

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    WESTSIDE

    Other information:

    Associate member card- enables use of member plusspouse

    - on payment of Rs.50

    - points credited to account of main memberfor any purchase against this card.

    Validity of cards- 2 yearsPrivileges for gold members-

    Complimentary tea/ coffee/ soft drinks

    Free home delivery after alteration to purchases-minimum value Rs. 2500

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    CENTRAL- PAYBACK

    Cards entry fee: Free issue

    Mechanism of points:

    Point issuance: 4 points for every 100 Rupees

    Point redemption: Rs. 50 gift voucher for every200 points

    Additional Benefits: - Points can be redeemed at: Central, Big

    Bazaar, Pantaloons, e zone, Home Town,

    Brand Factory, Food Bazaar,f t r z r. m

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    Pantaloons

    1 Star MembersGift Voucher worth Rs. 200on enrolment

    3 Star Members5% discount on every

    5 Star MembersAn exclusive 7.5% discount

    on every purchase7 Star MembersA whopping 10% discount on

    every purchaseSwipe card atthe time of purchase to avail

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    Trends- India

    India is a nascent market for loyalty

    programs, holds tremendous

    potential Consumer choices are being shaped

    through unparalleled access to

    information

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    Some facts

    76% of US retailers and 75% of US

    shoppers are engaged in loyalty

    programs Shoppers Stop claims more than

    60% of sales from loyalty members

    Subhiksha claims 80% of sales

    comes from loyalty members