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Why Data Is the Secret Ingredient for Successful Loyalty Programs

Modern Restaurant Management

While there’s no single recipe for recruitment and retention success, many restaurateurs are leveraging a proven approach: loyalty programs. The recurring business these programs drive ultimately helps increase revenue while fostering customer loyalty. Let’s take the refrigerator magnet, for example.

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Restaurant Loyalty Program Ideas: How to Start

7 Shifts

If you aim to increase customer retention, one of the most important investments is loyalty programs. According to Shoes for Crews Europe , 57% of adult consumers are more likely to visit restaurants with a loyalty program. Why get a loyalty program? Why get a loyalty program?

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MRM Research Roundup: Mid-April 2020 Edition

Modern Restaurant Management

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the dismal March restaurant sales, security, loyalty, trends and teen consumer behaviors. Overwhelmingly, the main focus was on take-out/delivery, both from a food and alcohol point of view. March Sales Decline. percent in March.

2020 491
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Face Pay Network, Restaurant of the Future and The Main Course

Modern Restaurant Management

" Take a listen here to learn about Scott Patterson's entrepreneurial venture into the world of coffee and reach out to Castiglia with any topic or guest suggestions at bcastiglia@modernrestaurantmanagement.com. PopID accounts also tie to loyalty programs for automatic credit with every purchase. 20 at 4 p.m. .

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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

This could take the form of creative blended financing structures, open innovation platforms, infrastructure partnerships, and commercial collaborations as the industry enters its next phase of maturity. This will be done optionally depending on the customer's preference to opt in or opt-out of data collection.”

2024 493
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MRM Research Roundup: Mid-November 2020 Edition

Modern Restaurant Management

With guests are dining out less, it makes sense that they are ordering bigger ticket items when they do. More than 27 percent of Americans have not used cash to pay for food, beverages, merchandise, or services since Covid-19, and 77 percent will prefer contactless payments even after the pandemic ends. " Demand for Contactless.

2020 402
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Inflation is Changing the Ways Restaurants Operate

Goliath Consulting

Consumers are now trying to eat more at home rather than spend on going out, but grocery prices have risen as well, so it is a demanding situation. However, consumers tend to be motivated to spend money for rewards, such as restaurant loyalty programs. This can be a free menu item, a side item, a discount, or merchandise.