Site speed is a conversion feature, not a tech chore
If you change one thing this year, make it speed. The data here is not subtle.
Portent's analysis of millions of sessions found ecommerce conversion peaks in the one-to-two-second load range and falls off a cliff after that: a site that loads in one second converts roughly 2.5 times higher than one that takes five. Google and Deloitte, studying 37 retail and travel brands, found that a mere 0.1-second improvement in mobile load time lifted retail conversions by 8.4% and average order value by 9.2%. A tenth of a second.
The platform you run on decides how hard this is. Magento stores in particular carry a lot of front-end weight by default, and it shows up on mobile, where most of your traffic now lives. Moving to a modern storefront like Hyvä, a lighter replacement for Magento's aging default theme, routinely cuts load times enough to register in the conversion rate. We have watched this play out on real Magento front-end rebuilds: the speed work quietly returns more than the redesign it was bundled with.
Google's Core Web Vitals give you the scoreboard. Three numbers (how fast the main content loads, how quickly the page reacts to a tap, and how much the layout jumps around while loading) need to clear set thresholds for three-quarters of your visitors. Most stores fail at least one and never check. If your team cannot tell you your mobile Core Web Vitals off the top of their head, that is your first project.