The Verde Group, a Toronto-based retail consulting firm, announced an interesting study showing that more than 50 per cent of Americans report that a negative shopping experience of a friend or colleague will prevent them from setting foot in a store altogether. The Customer Dissatisfaction Study finds that as shopping problems get repeated, they often get embellished and actually become up to five times more damaging to customer retention than the initial negative shopping experience itself. Instead of spending money on flashy advertising campaigns, America's retailers should put more dollars into customer service training to improve satisfaction levels.
