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4| The CX Metrics That Turn Customer Experience Into Competitive Advantage

4| The CX Metrics That Turn Customer Experience Into Competitive Advantage

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 Walking into leadership meetings with glowing NPS scores only to face questions about declining repeat purchases? Most retail teams measure customer experience as if it were still 2015, celebrating snapshots whilst missing the complex omnichannel reality customers actually live in. In this episode, Jo shares four business-critical CX metrics that connect directly to revenue and give you predictive power. Perfect for retail professionals, CX managers, and marketers who need to prove ROI to skeptical leadership teams. What You'll Learn: • Why Customer Effort Score predicts churn better than NPS • How First Contact Resolution drives both trust and efficiency • Why Customer Lifetime Value transforms CX from cost centre to profit driver • How to build predictive dashboards that spot problems before they hit your bottom line Key Takeaways ✓ Customer Effort Score (CES) - Your friction detection system that predicts churn more accurately than traditional metrics ✓ First Contact Resolution (FCR) - Target 85%+ to build trust whilst reducing operational costs by up to 16% ✓ Customer Lifetime Value (CLV) - Show leadership how CX improvements increase CLV by 15% to transform budget conversations ✓ Customer Loyalty Index - Measure what customers actually do with their wallets, not just what they say ✓ Leading indicators matter - Watch channel switching patterns and employee sentiment to predict problems before they affect your bottom line Episode Highlights [02:00] Why traditional CX metrics fail in omnichannel retail [04:15] The four metrics that predict business success [08:36] Real story: Why dealer relationships mattered more than CSAT at Jacuzzi [11:15] Tesco case study: Using weather data to predict behaviour (40% sales increase) [13:45] The hidden metric: How employee experience predicts customer satisfaction Resources Mentioned
  • Gartner research: CX drives 66% of customer loyalty
  • Forrester findings on customer experience ROI
  • McKinsey data on retention vs acquisition costs
  • Retail X research on customer switching behaviour
Your Weekly Challenge Pick one metric from today's episode that you're not currently tracking. Set up basic measurement (even if it's manual) and start building your early warning system. Consider tracking customer effort scores for your checkout process or monitoring channel switching patterns. Start small, but start now. In six months, you'll either have predictive insights or you'll be dealing with problems after they've already hurt your customers. Connect & Subscribe Full show notes:wheresyourcustomer.com/4 Subscribe: Available on Apple Podcasts, Spotify, Google Podcasts, and wherever you listen to podcasts Review: If you found value in today's episode, please leave a review. It really helps Jo reach other retail professionals like you, so they can discover these strategies too.

Behind every metric is a person trying to be understood. Go find them.
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