Why fashion sites have the lowest cart abandonment rates
Fashion retailers enjoy the lowest abandonment rates across five sectors we tracked, so I'm looking at the reasons for this, and the lessons other retailers can learn.
The average cart abandonment rate for online fashion retailers in Q4 2017 was 65.9%, much lower than the overall average of 77%.
Fashion sites also have the highest conversion rates of three sectors we looked at – 3.7% compared to 3.3% for retail and 3.1% for travel.
So why do fashion sites seem to be out-performing other sectors? Here are a few possible reasons:
Faster purchase decisions
Of course, some fashion buys will take some time to research, outfits for special events could be one example.
However, it's generally a relatively fast process from research to purchase when people are looking to buy some jeans or a pair of shoes.
It's normally a simple task to buy clothing too, which helps to reduce abandonment.
Mobile commerce
Fashion sites have seen the potential of mobile as a sales channel, and have generally been quick to adapt to the growing use of smartphones for shopping.
In terms of converting mobile traffic into mobile sales, fashion retailers out-perform other sectors.
Mobile accounts for 65.4% of traffic to fashion retailers, and 57.1% of sales. It's a closer gap between traffic and sales than any other sector.
This success on mobile is partly due to the simplicity of purchase, but retailers have also worked hard on creating responsive mobile sites which provide a good user experience on mobile.
Factors such as ease of checkout make a difference, and anything which makes buying easier and speeds up the process helps to reduce abandonment rates.
For example, payment shortcuts like Apple Pay can be used to make buying via mobile much easier.
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Easy returns
Many fashion retailers realise that returns are a key factor in the decision to buy online. People buying clothing may have doubts about size and fit, so they need to know they can return items easily if they aren't quite right.
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For this reason, many fashion sites offer free and flexible returns, and are keen to make this clear to visitors.
For more cart abandonment data, see our Q4 Remarketing Report.