In its fourth-quarter earnings call on March 2, executives from URBN, the parent company of Urban Outfitters, quietly let slip that the company is piloting a new premium loyalty program. It will require customers to pay an annual fee to be a part of the upper-tier program that will provide access to additional perks.
In this recent Glossy article, our CEO Tom Caporaso explains just how valuable premium loyalty programs and their members are to retailers.