From the editor: Developing loyalty
Colin Grimshaw
The global economy is again looking shaky. The Federal Reserve has warned of a slowing US recovery from recession, while in Britain, Chancellor George Osborne has deemed it a “choppy” recovery.
The uncertainty, with fears of more job losses to come, is reflected in consumer caution – the world's largest retailer, Walmart, has seen sales in its US home market fall for five successive quarters; even heavy discounting is failing to entice shoppers to spend more.
In such straitened times, brands depend heavily on loyalty to maintain market share, but consumers' loyalty to...