More shoppers, more sales, larger orders: The numbers keep growing for online shopping.
More shoppers, more sales, larger orders: The numbers keep growing for online shopping—as does the piece of the pie for retailers that keep customers at the center of their strategies all year long.
What do consumers expect from their go-to digital storefronts and e-commerce experiences? What are the most effective ways for retailers to reach customers–and wow them? And are there common beliefs about what retail customers want that data proves otherwise? This latest installment of “15 Mind-Blowing Stats” has the answers.
- The total value of global retail e-commerce sales will reach $3.45 trillion by the end of 2019, up 19% over 2018. (Source: eMarketer)
- An estimated $143.7 billion will be spent online during the holiday season this year. That means $1 of every $5 spent in November through December will be spent online. Almost 20%—$29 billion—of the total spend for the two-month period is forecasted to come from Cyber Week, which are the five days starting Thanksgiving and ending Cyber Monday. (Source: Adobe)
- The concentration of e-commerce sales growth this holiday season will likely come from high-income markets. However, everyone appreciates a good deal: The value of an online visit increases 74% during the five-day weekend of Thanksgiving through Cyber Monday, regardless of consumers’ incomes. (Source: Adobe)
- Amazon now accounts for nearly 50% of the U.S. e-commerce market. (Source: TechCrunch)
- A whopping 95% of commerce transactions will happen online by 2040. (Source: NASDAQ)
- Sixty-three percent of consumers said retail technologies and innovations have improved their shopping experience on mobile devices, while 66% said they have improved experiences in stores, and 80% online. (Source: National Retail Federation)
- Retailers have numerous opportunities to simplify shoppers’ path to making a purchase. Consumers are interested in technologies that show whether a product is in stock (55%), help them compare prices or read reviews (49%), make it easier to find a product or its location (47%), or try an item before buying it (38%). (Source: National Retail Federation)
