“VR e-commerce technology is one of the many digital opportunities, like AI beauty tools and virtual consultations, that brands are seeking to offset losses from physical store closures. VR e-commerce startup Obsess, for example, has seen a 300% increase in inbound inquiries over the last four weeks Dior’s VR store offers shoppers of its French…
Tag: brick and mortar
NEW DATA: Five Ways Social Distancing Is Transforming Retail
“COVID-19 has driven consumers indoors — and online. Consumers are 30.6 percent more likely to make their purchases online in 2020 than they were in 2019 consumers who report using their mobile devices to enhance their in-store experiences having increased from 49.6 percent to 72.1 percent during the last year. To learn more about how…
AI’s role in retail
“Domino’s uses artificial intelligence to determine its pizza delivery times and, in Australia and New Zealand, to monitor quality. Sephora’s ColorIQ scans shoppers’ skin to provide custom recommendations for foundation and concealer. Walmart’s Intelligent Retail Lab is experimenting with a number of artificial intelligence tools. ‘retailers — except for the top ones — are struggling…
‘With AI, ML, fashion shifts from ecommerce to ‘a-commerce”: Abdullah Abo Milhim
“Previously, technology was one of the aspects that could change the business model; now, technology drives the entire business model. Since 2018, we have seen a shift from e-commerce to a-commerce—automated or augmented commerce—which means consumers can use technologies to tell the business about the kind of product they want.” http://www.forbesindia.com/article/special/039with-ai-ml-fashion-shifts-from-ecommerce-to-039acommerce039039-abdullah-abo-milhim/57365/1 Abdullah Abo Milhim http://linkedin.com/in/abdullahabomilhim
As Western Massachusetts banks merge and add technology, customers still demand face-to-face service
“’People still need to see you,’ said John F. Heaps Jr., president and CEO of Florence Bank, who will retire in May after 25 years of leading his bank. ‘I’ve used to term ‘bricks equal clicks.’ Maybe soon you can get advice not from a machine, but through a machine. Holyoke-based PeoplesBank is one of…