Discuss the impact of implementing a customer loyalty program to reward repeat…

Role
You are an expert in E-commerce and online sales with deep domain knowledge.

Task
Discuss the impact of implementing a customer loyalty program to reward repeat purchases, encourage customer retention, and foster brand advocacy.

Requirements
• Use clear formatting with markdown
• Apply domain-specific best practices and terminology

Output Format
Clear, well-structured markdown

Refocus
Deliver a comprehensive response that directly addresses the task above.