“A bounce rate is the crucial Key Performance Indicator (KPI) that can be determined by various e-commerce analytics tools like Google Analytics. The graph below shows the benchmark bounce rates depending upon different website types including e-commerce and retail websites demonstrate the industry standard. Well, for e-commerce and retail websites, bounce rate between 20% and…
Tag: AI eCommerce
4 Things Ecommerce Retailers Must Learn From 1-800-Flowers.com
Recently, 1800-Flowers.com unveiled a feature that allows users to place their orders using a voice command that would be completed by a chat service. 1800-Flowers.com was one of the earliest retailers to realize the power of the 24 x 7 toll-free telephone number (1800) and put it to use. Its swift transition to internet is…
Sport Chek and Shoppers Share the Win with Relevant Product Recommendations
“With Reflektion we actually boosted our revenue per visitor 8-9%, by showing other jacket colors and higher ticket items. With our old solution, we saw products recommended that weren’t really related to the product page you were on at all, usually what would show up were just top sellers.” https://reflektion.com/wp-content/uploads/2018/04/RFK_CaseStudy_SportChek.pdf
AI sets a new battlefield for e-commerce players
“But AI is changing all of this, and adding tools which make the arsenal owned by e-commerce companies look archaic. Many malls in India and abroad are already adopting AI services which allow them to learn who the customer actually is. The cameras installed in the malls are performing face recognition, and matching it back…
Indonesia’s e-tailer Tokopedia taps AI to hop island chain
“The Indonesian e-commerce market is estimated to be worth $53 billion in 2025, according to a recent report by Google and Temasek, making it the largest in Southeast Asia by some distance. But that big number has attracted numerous rivals. While Tokopedia leads the way with 153 million monthly visits, according to iPrice Group, fellow…