Short-term financing, often referred to as buy now, pay later (BNPL) or customer financing, lets consumers pay for purchases over time through a series of installments. It is also one of the most prominent trends in the retail market. Where financing used to be popular only for large purchases like furniture and cars, consumers now…
Statistics
2024 New Year Resolution Consumer Statistics
New Year’s resolutions are a popular way to approach self-improvement and achieve goals. These commitments are heavily influenced by cultural and economic trends and have a significant impact on early-year spending. These New Year resolution statistics for consumers break down the 2024 goal landscape with trends, demographics, and insights into the psychological drivers that shape…
16 Microfinance Statistics You Need to Know for 2024
Microfinancing is the process in which small loans are issued to individuals or companies that may not qualify for traditional means of financing. Loans can range from as low as $50 to as much as around $50,000 and are typically designed to help underserved communities and businesses, such as startups or companies, that don’t have…
32 Livestream Shopping Statistics to Know for 2024
Livestream shopping, also known as live shopping/live commerce, is a marketing technique in which businesses hold live shopping events online—frequently via Facebook, YouTube, or Instagram—to showcase and sell their products. Viewers can see the products in action, ask questions during the event (which is often hosted by a celebrity or influencer), and ultimately purchase items…
24 Restaurant Food Waste Statistics in 2024
Cost savings and sustainability are two hot topics that can sometimes seem at odds. But when it comes to food waste in restaurants, less food wasted means less money lost. Reducing your restaurant’s food waste also earns you sustainability bona fides by reducing your environmental impact. Knowing the latest restaurant food waste statistics can help…
42 Amazon Statistics Sellers Need to Know for 2024
Amazon is the leading online retailer worldwide, and selling on Amazon is a lucrative venture for many independent sellers. We’ve gathered more than 40 Amazon statistics that can help you start your Amazon business or take your existing Amazon store to the next level. Amazon Statistics Overview 1. Amazon is forecast to reach $746.22 billion…
25 Buy Online, Pick Up In-store (BOPIS) Statistics for 2024
Buy online, pick up in-store (BOPIS), also known as click and collect, is a hybrid ecommerce model that allows customers to order an item online and pick it up in person at the store or curbside. It merges the convenience of online shopping and the efficiency of bringing the product home the same day. Let’s…
16 Essential Crowdfunding Statistics
Crowdfunding is a method sometimes used by businesses to raise money. Companies often offer some form of equity, rewards, or other incentives for contributing money. Successful crowdfunding campaigns often provide investors with a clear business plan explaining how the funds will be used and why the product or service will be successful. Funding isn’t always…