Online shopping has come a long way since its invention in 1979 by Michael Aldrich. In 2021, more and more shoppers are opting for this shopping method, as compared to conventional shopping, as statistics on online shopping vs in-store shopping show.  Here’s why: For starters, convenience is synonymous with online shopping and is perhaps its […]

Are you still sitting on the fence when it comes to online shopping? Although most people have already jumped on to the online shopping bandwagon, some are still sceptical about it. For those who are familiar with it, both sellers and consumers stand to benefit hugely from it.   The thing is: Consumers love the shopping […]

What is mobile commerce? Mcommerce for short, mobile commerce is the term used to summarize the world’s growing love for smartphones and online shopping.    This buzzword is more than just a convenient phrase, however. It represents the movement that has been defining the general behavioral shift of consumers and changing business as we know it. […]

We buy products online for various reasons, ranging from price to convenience and delivery options. The thing is: Global internet access, connectivity, and the ability to shop from any device anytime anywhere have all contributed to the steady rise in the percentage of shopping done online. In terms of payment methods: Ecommerce shoppers prefer to […]

The rise of online businesses takes the number of online stores and sellers to an all-time high. Keeping up with the ecommerce statistics helps understand the intricacies of this quickly developing sphere.  Running a successful business requires being at the top of your game in every way. Neglecting any area of your business can lead […]

Although many claim it’s a dying industry, retail is at the heart of every modern economy, and people worldwide participate in it daily. Because it’s so unavoidable, it’s crucial to stay up to date with the latest developments. Retail statistics provide important insight into the current state of the market. As such, they represent a […]

Walmart’s first store was opened in Rogers, Arkansas, in 1962. Its beginnings were humble, as the company was expanding to the chain of discount stores. Today, Walmart is a global retail giant and a synonym for high discounts and hypermarkets in the US.  We’ve prepared the best Walmart statistics to showcase its power, along with […]

With ecommerce growing steadily and retail stores gradually dying out, the competition in the online shopping business is intensifying. Free shipping is slowly but surely becoming one of the most powerful weapons in ecommerce companies’ decisive battle for consumers. The free shipping statistics you’ll see in this article demonstrate this feature’s tremendous impact on customers’ […]

It’s been roughly a decade since the subscription box business model kicked off, and the very first boxes arrived at the doors of dopamine-filled customers. Since then, the number of recurring revenue-based businesses has skyrocketed. There are many financial benefits to this model, both from the perspective of the seller and the consumer. According to […]

Social proof is the unspoken force that fuels our deep-seated biases toward word-of-mouth recommendations. Otherwise known as informational social influence, this psychological phenomenon teaches us how to behave correctly in a given situation based on others’ observable actions and opinions. In this day and age, there’s no richer source of social proof than online reviews. […]