Abandoned shopping carts are the bane of ecommerce stores. According to the Baymard Institute 67 percent of shopping carts are abandoned online. Forrester Research reports that the amount of money lost by online retailers due to shopping cart abandonment will soon climb as high as $31 billion.
Today is Cyber Monday – the unofficial online shopping holiday. There’s no doubt that ecommerce sites will be slammed with increased web traffic as shoppers clamor for the best deals and deep discounts.