The loyalty program's earning structure on both products and services, plus credit card linkage, generates rich first-party purchase data and repeat-visit incentives that peers with product-only programs cannot match, raising switching costs for enrolled members.
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedthree sentences · whole, uncut
the claims it rests on · in our words, not the filing’s