Mobile Shopping, Buy-Now-Pay-Later Dominate 2021 Shopping Trends
- Nearly $3 out of every $4 spent on online purchases is completed via mobile device. Mobile purchases comprised ~50% of online purchases in 2016.
- The number of consumers utilizing Buy-Now-Pay-Later services grew +85% from March 2020 to June 2021, with consumers citing the ability to spread payments over time, ease of use, and assistance in budgeting as being the top usage drivers.
- The same-day delivery market is expected is exceed $8.4 billion in 2021 and reach $26.4 billion by 2027.
It’s a good thing retailers have a plan…and Walmart is executing especially well.Consumer mentions of using the Walmart app have increased by more than +120% since 2019 and continue to rise into the Holiday Season.