PYMNTS-MonitorEdge-May-2024

Today in Data: Inside a Metaverse Fashion Show, Navigating Retail Returns, Revamping DIY Checkout

retail returns

Retailers must make the DIY checkout experience easier to use if they expect customers to embrace it. Plus, all the latest news from Amazon and Walmart.

 

Today in Data

Data

30%: Potential holiday retail return rates

$15: Hourly minimum wage for workers in more than half of U.S. states as of Jan. 1, 2022

$80B: Projected consumer spending in DIY or self-service checkout by 2026

29%: Share of consumers who think self-service is slower than traditional checkout

66%: Share of consumers who consider self-service faster than traditional checkout

PYMNTS-MonitorEdge-May-2024