Walgreens is the newest to jump into the loyalty game. Still, its Balance Rewards managed to sign up 16 million members within just two weeks of its mid-September launch.
In many ways, Balance Rewards represents some of the best thinking in customer loyalty. There’s a better-health incentive linked to the Walk with Walgreens program. There are complementary health offerings tied to participation. It is mobile-enabled and ties into its multichannel strategy. Points don’t expire. And the data from the program will help inform every facet of Walgreens’ business.
Look for learnings from the Alliance Boots loyalty program to help shape the program going forward — several aspects of the Advantage program would be unique here in the United States, particularly how it ties in with Boots’ holiday and beauty business.