Wow…this press release is a treasure trove of data on Black Friday, Cyber Monday and the entire shopping weekend for US, UK and Canada. Here’s just a snippet… “In the U.S., 2018 Thanksgiving holiday shopping bounce rates increased by 12 percent from 2017. Additionally, cart abandonment rates increased by 2.6 percent and conversion rates decreased…
Tag: Cyber Monday
7.6% – average yearly financial expense attributed to fraud
According to a 2016 report, the average yearly financial expense attributed to fraud for retailers was 7.6 percent of annual revenue across all channels, including online and offline sales. And that is on a business-as-usual day. On peak-retail days, clients operating on Amazon have reportedly seen an increase of 150 percent in fraud attempts. But…
Salesforce: 40% Of 2018’s Retail Revenue Will Happen This Week During Black Friday and Cyber Monday
Mobile will be key. So will AI, for perhaps the first time, as smart systems are helping to drive more than a third of all retail revenue. This upcoming Cyber Week will be the biggest digital week ever. We predict that 40% of the entire shopping season’s revenue will be made the first week of…
Refresher: 2017 eCommerce Holiday Spending Report
As we wrap 11/11 (aka Singles Day) we have officially begun the start of the holiday shopping season. With that in mind, I thought it would be the perfect time for a 2017 refresher. “As Deloitte predicted, the weeks leading up to Black Friday/late November and late December accounted for up to 80% of retail sales…
AI eCommerce News – Nov 9th
Ecommerce Report: Cyber Monday 2017 Is Expected To Be “TheLargest Online Shopping Day In History” “Web traffic on smartphones and tablets will, for the first time, surpass desktop (at 54 percent and 46 percent respectively). Mericle’s points about creating “easy shopping experiences” and “providing a seamless customer journey” are especially important in the ecommerce space,…