In the U.S. alone, revenue from online fashion and apparel sales is expected to surpass $145 billion, projecting a 9.4% annual growth rate to exceed $1 billion by 2027.
The Global E-commerce Report by BigCommerce shows a 10.7% increase in GMV globally, with a 7.2% rise in orders and a 3.23% increase in average order value.
EMEA experienced a 25.6% surge in GMV and a 41.3% increase in orders, while APAC saw a 24.6% rise in GMV driven by a 24.3% increase in orders.
Implementing a seamless checkout experience is crucial for fashion retailers to enhance e-commerce strategies, reduce cart abandonment rates, and drive a more customer-centric shopping experience.
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