'The Cube' Research Folder 1 | Page 62

CONSUMER LOYALTY IS SOMETHING THAT NO BRAND CAN TAKE FOR GRANTED. SHOPPERS ARE USED TO THE PREVALENCE AND VARIETY OF PROMOTION THAT DEVELOPED DURING THE ECONOMIC DOWNTURN, PARITULARLY IN THE FMCG (FAST-MOVING CONSUMER GOOD) AND LEISURE SECTORS. CONSUMERS NOW EXPECT TO BUY ON DISCOUNT AND WOULD NOT HESITATE TO SWITCH TO A DIFFERENT BRAND TO GET A BETTER DEAL. BRANDS THAT WANT TO CREATE REAL LOYALTY THROUGH PROMOTIONS WOULD BENEFIT FROM INTRODUCING VALUE-ADDED OFFERS AND FOCUSING ON IMPROVING THEIR CUSTOMER SERVICE, RATHER THAN SUMPLY GETTING INVOLVED IN A PRICE WAR THEIR COMPETITORS.   http://store.mintel.com/the-savvy-shopper-uk-december-2013