Starbucks plans to partner with additional companies for cross-brand rewards, driving customer acquisition and engagement for both parties. The coffeehouse giant, the world’s largest restaurant chain by revenue, shared Thursday (Nov. 3) on a call discussing the company’s fourth-quarter fiscal year 2022 financial results that...
On a call discussing McDonald’s third-quarter 2022 financial results Thursday (Oct. 27), CFO Ian Borden noted that, following the MyMcDonald’s Rewards U.S. launch last year, digital customer frequency has been on the rise every quarter. “Each reward a customer redeems and each preference of customer shares on our app helps power...
With the growth in popularity of credit card rewards programs, Citi has announced that Walmart has been added as a Shop With Points partner for the investment banking company’s ThankYou Rewards program. The partnership is the latest in a line of corporate rewards partnerships for...
As Kroger and Albertsons gear up for their merger, the former may benefit from the latter’s recent digital growth, with eCommerce transactions and loyalty engagement on the rise. Grocery giant Albertsons, which operates a range of major grocery chains including Safeway, Vons, Jewel-Osco and others,...
PayPal has launched a rewards program that lets customers earn, track and save rewards all from the PayPal app. “As consumers continue to navigate high prices heading into the holiday shopping season, deals, discounts and cash back remain top priorities, with 25% of consumers stating loyalty...
Multinational financial services company American Express held its Member Week event, which ended Friday (Oct. 14). The promotions offered $25 statement credits for purchases of $75 or more from a list of more than 200 restaurants through the company’s restaurant reservation subsidiary Resy. In recent...
In striving to keep consumers spending, retailers are increasingly turning to tech-enabled ways to keep some competitive advantages in place. As detailed in the report “Big Retail’s Innovation Mandate: Convenience and Personalization,” a PYMNTS and ACI Worldwide collaboration, more than 300 retailers in the United...
With consumer sentiment at an all-time low due to a worsening cost-of-living crisis, devising strategies to help United Kingdom customers shop and save money seems to be at the top of retailers’ minds, especially ahead of the annual holiday shopping season. Read more: BNPL Offers...
Starbucks is looking to woo travelers, enabling its loyalty program members to double dip on rewards by also earning Delta SkyMiles, but the remarkably low conversion rate suggests that the partnership is more of a publicity stunt than a real benefit for its customers. The...