Loyalty programs are something that have made an appearance in the retail industry, where the retail industries have rewards that can give loyalty for consumers to engage and create long term relationships. With the loyalty programs there is an uncertainty on how Gen Z consumers will engage and keep using these rewards. With this thesis the authors want to investigate how the Gen Z consumers can be more engaged in the loyalty rewards in the fast fashion retailers in Sweden. Where the authors will examine various aspects that will improve the engagement mechanics and rewards for the Gen Z consumers. There will also be a look at how social media influenced the Gen Z consumers on their decision making. Gen Z is targeted in this thesis because they are one of the segmentation groups that are most active in the loyalty programs and fast fashion. The empirical data was collected through individual semi structured consumer interviews, where the data was collected on how Gen Z understands and uses loyalty programs. With the data collected it will be analysed through a thematic approach where themes have been identified to understand perspectives and experiences. The collected empirical data will be analysed using theory where differences and similarities are discussed throughout the thesis. The conclusion of this thesis has shown that in order to improve loyalty rewards and engage Gen Z consumers, fast-fashion retailers should focus more on four different factors. According to the findings, Gen Z consumers value convenience, personalization, saving money and quality when it comes to loyalty rewards. Although, while the thesis does give insights to Gen Z behaviour and factors influencing it, it does not give a complete solution to how fast-fashion retailers in Sweden should respond to this behaviour. However, this thesis does provide valuable insights for retailers in the fast-fashion sector in Sweden and how they can increase loyalty reward engagement among Gen Z consumers.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:lnu-129607 |
| Date | January 2024 |
| Creators | Svensson, Anton, Gottfridsson, Elias |
| Publisher | Linnéuniversitetet, Institutionen för marknadsföring och turismvetenskap (MTS) |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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