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Essay text:
Most consumers have low customer loyalty, so retailers are looking for a way to reward them in order to get them to continually shop in their stores.
Retailers are looking for a way to increase their profits by having repeat customers. Studies show that cardholders account for 75% of the stores sales. Main goals of using a FSP are to retain customers, have them visit frequently and spend more money.
Targeted demographics for card programs consist of larger, upscale, educated families of three or more. Studies show that the top five reasons for a consumer to choose a retail store are due to:
1)...
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