With cost per visit jumping an astonishing +12.4% last year (while conversion rates dropped), every visit is now more valuable than ever.
Uncover trends for crucial digital KPIs and learn how to maximize the value of each visit with actionable insights and best practices designed to elevate the entire shopper journey.
For the methodology behind these insights, download the report.
Traffic fell in volume by -5.0%, and 57% of all retail sites saw lower traffic.
At the same time, there was a 5.7% shift in traffic share towards paid channels. This pushed the cost-per-visit up +12.4%.
Despite an increased focus on retention and lifetime value, 52.1% of visits to retail sites last year were new visits.
Since roughly 1 in 2 (47.8%) of new visits come from paid sources, this reliance is proving costly.
2 out of every 5 retail site sessions (40%) were impacted by frustration last year.
And retailers paid for it. Sites with slow-loading and responding websites saw a -15.5% drop in engagement, costing retailers $0.56 per visit.
With visitor frustration persisting, lower-converting mobile traffic rising, and a continuing reliance on (again, lower converting) new visits, it’s no surprise that conversion rates once again dropped—by -5.8%, to be precise.
Consumer Electronics, Grocery, Luxury, Health & Beauty, Speciality Retail, Home Goods & Furnishings, Fashion, (New) Appliances & Home Goods, (New) Outdoors & Sporting Goods, (New) Department & Big Box.
Whether you’re an executive, a team lead or a CX pro, the report will help you pinpoint areas for optimization across the digital journey to increase efficiency, delight shoppers and unleash growth.