Rakuten Introduces Rakuten+ to Connect Brands with High Value Shoppers [Yahoo! Finance]
RAKUTEN GROUP INC S/ADR (RKUNY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
SAN MATEO, Calif. May 30, 2024 /PRNewswire/ -- Rakuten , the leading Cash Back shopping platform, announces Rakuten+, an exclusive membership program built entirely for designer brands that will connect them with select, highly engaged Rakuten members. As the company's first-ever paid membership offering, Rakuten+ will offer brands unparalleled access to the most loyal and active shoppers of designer fashion on the platform. These curated shoppers will earn at least 10% Cash Back on participating brands and retailers year-round, providing designer brands with a unique opportunity to leverage elevated Cash Back to grow their audiences, incentivize everyday shopping, and engender lifelong loyalty. At the core of this offering is the Rakuten member who is proven to deliver incremental sales for designer brands. A recent Rakuten study found that Rakuten was solely responsible for a 29 percent increase in shoppers for a leading luxury department store. The study proves that without Raku
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