Here’s How Fashion Retailers Can Leverage AI During Covid

  • “While retail sales have been recovering since the pandemic hit, fashion is still struggling. A September article from Deloitte found general retail sales have been recovering since they dropped 14.3 percent in April. In July, sales increased 1.2 percent to about $391 billion. However, the fashion sector has suffered more than most, with retail sales down about 20 percent in July compared to February.
  • Since the pandemic began, 47 percent say they’re making ecommerce purchases more than they did previously, according to Cotton’s September 2020 Coronavirus Response Survey.
  • Deloitte’s State of the Consumer Tracker found worries about health due to the pandemic helped fuel a 33 percent surge in online spending in Q2 compared to 2020’s first quarter.”

Here’s How Fashion Retailers Can Leverage AI During Covid

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