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How many online sales are retailers losing?
Even as digital commerce keeps growing, retailers are losing a sizable amount of potential online business.
According to the new Pymnts.com Checkout Conversion Index (CCI), retailers stand to lose as much as 36% of online sales due to frictions that remain from discovery through checkout, and could lose additional sales during payment processing.
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Study: Younger consumers phone the sale in
The stereotype of younger consumers spending all their time glued to smartphones may have some validity, at least when it comes to shopping.
New custom Interactive Interactive Advertising Bureau (IAB) analysis of Prosper Insight data shows that adults ages 18-34 are more likely to favor smartphones for retail activities than any other age group.