The 2022 Holiday Shopping Season is Set to Shatter Records
Consumers are determined to end 2022 on a high note, spending generously on friends and family during the holidays. Despite rising costs, holiday sales are expected to reach a record high of $1.47 trillion from November to January, with e-commerce sales increasing 12.8-14.3%!
Consumers also expect to buy fewer gifts. This is due to rising costs and increased purchasing of gift cards, with consumers wanting to wrap up their shopping quicker. What does this mean for sellers? There will be a narrower window to attract shoppers to new deals.
This holiday season, customer experience is more important than ever. In a recent survey, 57% of shoppers shared they’d be willing to abandon a brand entirely when provided with a poor post-purchase experience.
Is your business ready to capitalize on record growth, while dealing with rising consumer expectations? Make your own records this year — keep your profits AND your customers with Verifi’s Total Dispute Management suite of solutions.
Holiday sales are expected to reach $1.47 trillion
E-commerce sales will increase by
12.8 – 14.3%
Enhanced transaction data helps prevent disputes at customer inquiry. Prevent friendly fraud and validate legitimate sales.
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