With 2.77 billion consumers shopping online in 2024 alone, it’s clear there’s big money at stake in ecommerce retail. What you might not realize is that the average e-commerce store loses about 70% of the value of those potential sales to cart abandonment. That’s a whopping $111-$136 billion in the United States alone each year.
It’s impossible for anyone to totally eliminate cart abandonment. But if you can understand where it’s coming from and what’s driving it, you can recover up to 63% of abandoned merchandise. Here are some helpful statistics to get you started.