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Macys Department Stores
Macys Elects New Presidents
Faced with dwindling market share and declining comp store sales, Macys needed a new way to spur profitability. Traditional customer-retention tactics like couponing and discounting were old hat, and no one knew if they were impacting the bottom line. Macys called in CCG to strategize and execute a new approach.
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Consulting
Contact Strategies
Program Management
Creative Services
Production Management
Communications Tools
Measurement and Refinement
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That was 1987 when direct marketing reigned supreme. So a Presidents Club customer recognition program was an out-there idea. But Macys was ready to break new ground
To recognize and reward shoppers charging more than $2,500 per year on Macys private-label credit card, CCG created an exclusive quarterly Presidents Club communication to deliver and highlight robust membership benefits including pre-sale notices, special shopping hours, free gift wrap and a coat check service. Home furnishing ideas, fashion news and other custom content was developed to build on best-customers relationships with Macys and heighten the personal impact of membership privileges.
The results proved that relationship-building had the power to produce sustained, measurable impact on profits.
The Votes Are In Macys Wins by a Landslide
Year after year, Presidents Club members spent an average of 14% more than the control group.
Club members spent an average of $350 more than the $2,500 club minimum.
The program generated an incremental profit of $142 per customer per year.
Macys realized a 250 percent return on investment in The Presidents Club program.


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