Which company introduced the first widely successful customer loyalty program in 1896 that involved collecting stamps with purchases that could be redeemed for merchandise?

Before digital rewards and smartphone apps, customer loyalty programs had humble beginnings that transformed retail history. These programs fundamentally changed how businesses built relationships with customers and created repeat business. This question explores the origins of what would become a multi-billion dollar marketing strategy that continues to evolve today.

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Sperry & Hutchinson (S&H Green Stamps)
American Express Membership Rewards
Montgomery Ward's 'Preferred Customer' Program
Sears Roebuck Catalog Points