cart abandonment noun [U]
UK /ˈkɑːt.əbæn.dən.mənt/ US /ˈkɑːrt.əbæn.dən.mənt/
the practice of adding items to your online shopping cart on an e-commerce site but leaving the site without making the purchase
Without understanding why customers abandon carts, it is impossible to reduce cart abandonment. We’ve collected the top 10 reasons for cart abandonment. We’ll be breaking down each cause in detail, and provide a quick overview of how you can eliminate cart abandonment and recover sales.
[www.barilliance.com, 28 February 2018]
recommerce noun [U]
UK /ˌriːˈkɒm.ɜːs/ US /ˌriːˈkɑː.mɝːs/
the business of buying and selling used items, such as electronics and clothes, on the internet
Recommerce appeals to the aspirational and value-conscious nature of the Indian consumer. The feeling of status elevation by using a better-quality brand or product at a reasonable price point is helping this segment grow. Even more so, the large number of first-time buyers, students, and technophiles who want to upgrade their gadgets find great value in refurbished smartphones.
[www.techinasia.com, 13 February 2018]
UK /ˌpeɪ.wɒt.jəˈkæn/ US /ˌpeɪ.wɑːt.jəˈkæn/
relating to a way of selling goods that allows the shopper to pay only what they can afford
In a bright, airy Toronto market, the shelves are laden with everything from organic produce to pre-made meals and pet food. What shoppers won’t find, however, is price tags. In what is believed to be a North American first, everything in this grocery store is pay-what-you-can.
[www.guardian.com, 25 June 2018]