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May 20, 2010 Understanding Shopping Cart AbandonmentCustomers Are Often Unprepared To Buy And Stunned By Shipping Costsby Sucharita Mulpuru, Peter Hult with Patti Freeman Evans, Brendan McGowan |
Average: 6
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Executive Summary
Despite improvements in site design and increased consumer comfort with online purchasing, 88% of Web buyers say that they have abandoned an online shopping cart without completing a transaction. This is the same percentage as five years ago, suggesting that retailers have yet to address the primary drivers of cart abandonment: frustration with the amount of shipping costs, unpreparedness to make a purchase, and a desire to comparison-shop for a lower price. Cart abandonment highlights the opportunity for retailers to recover lost sales by clearing the path to purchase, clarifying shipping prices and delivery times up front, as well as testing various checkout scenarios.
This is an excerpt
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