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CRM Strategies Used in Pantaloons: Rhythem Bedi (PGFA2041)
CRM Strategies Used in Pantaloons: Rhythem Bedi (PGFA2041)
a) Display Advertising- where they use hoarding and pamphlet to attract different
customer.
b) Social Media Marketing- After this pandemic people use more social media to
connect with each other and pantaloon use this platform to acquire customer by
showing they different offers and attraction deals over their social media.
c) Affiliate Marketing- Affiliate marketing is a type of advertising which is used by the
company where they use third party to generate lead for their product and services
in exchange of that they receive commission and other benefits by the company.
Pantaloons uses INR-Deals ad network as one of their partners in affiliate marketing.
Pantaloons pays ₹275/ per sale for every lead converted.
2. Customer retention- Pantaloon being one of the largest fashion retailers of the
country have now tied up with payback as a part of loyalty program. To maintain
better relationship with the customer so that they can retain the customer because
cost of retaining an old customer is much less than acquiring a new one so, to be
more economical they use Green cards program.
The customer falling under this green card enjoy more privileges than other customer.
a) Green- add-on Card -This card benefit can be shared with the family member. Family
of green card holder don.t need a new card they can take all the benefit of offers. A-
1 and 3 Star member gets 1 Add on cards with green card and member with 5 and 7
stars get 2 add on cards to avail offers.
5. Service recovery – In simple word service recovery is like the solution for a particular
issue in specific. Many companies do this mistake by providing generalise solution
for every problem which hurts the customer and result in losing them which any
company can’t afford. Same is the case with pantaloons. What pantaloons does is If
any customer have any issue they provide specific solution for that as they have
respective service team for seamless flow of customer service.
2. Customer Retention
a) Reward system- Customers get automatic loyalty benefits in the form of rewards
like being a gold member of Starbucks or getting a free drink on any day of your
birthday month or may be getting a privilege of two customized beverages and
even after purchasing raw coffee you can get one free drink. And being a
consistent gold member of Starbucks helps in availing many benefits.
b) Mobile Payment Method- Starbucks has enabled its payment through an
application which be downloaded on android, iPhone & iPad users which will
save the customers ordering and waiting time. Hence, Customers can relax and
enjoy their coffees for a longer duration.
c) Customer convenience- With the help of app customers can cut the wait time
and order their food and beverages.