Loyalty Program News
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Greyhound, the iconic U.S. bus brand, has turned to pricing models used by the airline industry as it seeks a ticketing system capable of boosting profitability by charging more for travel during peak periods.
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Loyalty programs are moving out of wallets and into smartphones as a new generation of applications seeks to reward consumers for shopping, watching television or snapping photos.
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Alliance Boots Holdings Ltd., owner of the U.K.’s largest drugstore chain, said annual earnings rose 6.1 percent helped by gains from a tie-up with Walgreen Co.
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Gol Linhas Aereas Inteligentes SA, the world’s most-indebted airline, is planning to eliminate some of those obligations by raising at least $534 million based on the value of its most-loyal fliers program.
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Starbucks Corp., the world’s biggest coffee-shop operator, reported fiscal second-quarter profit that met analysts’ estimates as U.S. customer traffic improved while sales stagnated in Europe.
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New Zealand Finance Minister Bill English expects a loyalty program to encourage residents to hold shares in Mighty River Power Ltd. for at least two years will cost about NZ$40 million ($34 million)
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Sears Holdings Corp., the retailer controlled by hedge-fund manager Edward Lampert, posted a fourth-quarter loss that was larger than it forecast last month as sales fell for the sixth consecutive year.
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New York City baker Eileen Avezzano says she has a better way than Groupon Inc.’s online deals to entice customers to buy her cheesecakes again: She doles out loyalty cards that reward buyers for return visits.
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An Aimia Inc. unit, which operates the Nectar points loyalty program, won a case at the U.K.’s top court to recover taxes on payments to companies that accept the points as currency.
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Edward Lampert, the billionaire hedge-fund manager who controls Sears Holdings Corp., agreed to remain the retailer’s chief executive officer with a $1 annual salary after taking over last month amid slumping sales.
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