Review article
https://doi.org/10.46458/27121097.2021.PI.75
CUSTOMER LOYALTY IN RETAIL
Sandra Jelčić
orcid.org/0000-0002-0397-6119
; Faculty of Economics, University of Mostar, Mostar, Bosnia and Herzegovina
Mirela Mabić
orcid.org/0000-0002-1529-7797
; Faculty of Economics, University of Mostar, Mostar, Bosnia and Herzegovina
Barbara Rezdeušek
; Faculty of Economics, University of Mostar, Mostar, Bosnia and Herzegovina
Abstract
Retail experiences radical change all over the world. New technologies and the internet are changing retail landscape with seismic waves. Within customers’ reach there is an instant access to thousands of almost equally persuasive offers of products and services. In doing so, expectations and customer power have not been seen so far and are unprecedented in the context of evident social and economic changes. Creating a base of loyal customers on continuously variable, globalised and saturated market has become increasingly challenging. Therefore, research on customer loyalty in new retail environment can be considered as an important precondition for successful creation and implementation of retail strategies. The purpose of this paper is to point out loyalty as source of competitive advantage, review conceptualisation of loyalty and research customer loyalty in retail (hypermarkets in FB&H) through the prism of socio-demographic characteristics.
Keywords
loyalty; socio-demographic characteristic; retail; hypermarkets in F B&H;
Hrčak ID:
280187
URI
Publication date:
30.12.2021.
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