Developing the profiles of supermarket customers through data mining
Hokey Min
The Service Industries Journal, 2006, vol. 26, issue 7, 747-763
Abstract:
To stay competitive, supermarkets need to develop a viable customer retention strategy. Since a key to the successful development of such a strategy rests with customer relationship management, supermarkets should identify the most profitable ways to build and maintain a loyal customer relationship. In an effort to help supermarkets understand their customers' shopping/patronage behaviour and the ways to retain valued customers, we propose data mining techniques. Using the examples of franchised supermarkets in the south-eastern United States, this paper illustrates the usefulness of the proposed data mining techniques for examining customer grocery shopping behaviour and developing the profiles of loyal patrons.
Date: 2006
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Citations: View citations in EconPapers (5)
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Persistent link: https://EconPapers.repec.org/RePEc:taf:servic:v:26:y:2006:i:7:p:747-763
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DOI: 10.1080/02642060600898252
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The Service Industries Journal is currently edited by Eileen Bridges, Professor Domingo Ribeiro, Ronald Goldsmith, Barry Howcroft and Youjae Yi
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