Why customer loyalty programs are here to stay
2023 was a difficult year for sales. With the post-pandemic aftermath (by now, the U.S. economy alone has lost an estimated $14 trillion due to COVID-19), soaring inflation, and ongoing conflicts in the East, the global economy is still under a serious recession threat. While the prognosis for next year is turning slightly optimistic, the damage is already done – and mirrored in customer behavior. When times are rough, people are simply spending less and try to save up more. Their focus is shifting – from luxuries like travel to basic necessities like groceries – customers are becoming increasingly aware of every dollar that leaves their pocket.




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