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E-Commerce Repeat Purchase Rate

Most studies estimate that e-commerce companies typically see repeat purchase rates between 20% and 40% (percentage of purchases coming from repeat customers versus new customers). The latest available data from 2020 shows that the repeat purchase rate is about 27%. However, this figure can vary widely between different e-commerce platforms. The impact of COVID-19 on…

Largest Agricultural Employers in California

Largest Agricultural Companies By Revenue #1. Dole Foods The company is headquartered in Westlake Village, California. Dole Food produces and markets fruits and vegetables. The company markets bananas and pineapples, table grapes, apricots, stone fruits, pears, citrus, iceberg lettuce-based salad mixes, specialty lettuce salads, complete Caesar salads, broccoli florets, cauliflower florets. The company has an estimated annual revenue…

Retail Loyalty Program

Retail Loyalty Program Features Three of the most desired features of a retail loyalty program are monetary rewards, tiers, and rewards options. Details regarding these features have been provided below. 1. Monetary Rewards One of the most desired features of a retail loyalty program are monetary rewards. According to a Synchrony Financial poll, 44% of Americans value…

Commercial Banking Trends

Increased lending and digital transformation are some emerging trends around customer experience in the B2B / commercial banking industry. 1. Increased Lending More commercial banks in the US are increasing lending for their customers. An article published by Statista provides that in October 2020, commercial banks in the US granted approximately $14.92 trillion. Using a graph, the article further…