Please enable JavaScript.
Coggle requires JavaScript to display documents.
Decline in revenue growth rate, especially for top of the file (Low…
Decline in revenue growth rate, especially for top of the file
-
Softening Retention
Poor Engagement
Personalization
How is the personalized campaigns performance in the last few quarters ? Was there any increase in the customer engagement in terms of trips / basket size / revenue?
-
Customer Satisfaction
Did customer satisfaction at Michaels decrease/ increase in the last few quarters as compared to previous years / competitors?
Does rise in unresolved/poorly addressed issues cause the customer to buy less from Michaels? How is the customer behavior changing after raising an issue with Michaels?
Does increase in negative feedback / comments on social media about Michaels pull the customer satisfaction down?
Loyalty Program
-
-
Are competitors having better loyalty benefits compared to Michaels causing less number of people to opt for the loyalty program?
Reach
Are too many or too few emails / DM causing customer engagement to go down in the last few quarters?
Emails received on any specific time of the day / day of the week is causing poor engagement as compared to the other time / day of the week?
Is any specific channel of communication (DM/Email/) becoming less responsive to gather customer attention over the last few months?
Assortment
How is the revenue growth of Michaels in the latest trends / products in the market segment for the last few months?
How did Michaels product assortment change over the past few quarters? Did we shift more to low cost products?
-
In-store experience
-
-
Do App users with opt-in push notifications behave any differently vs. App users without push notifications and Non-App users in terms of engagement?
-
-
Change in Customer Mix
-
-
Do we see a customer set pertaining to a particular shopping mission reduce their engagement with Michaels?
Life events/Stages
-
Decline in engagement can be seen with customers with growing children (school to college) (needs have changed)?
-