Pandemic Accelerates The Erosion Of Brick-And-Mortar Providing New Opportunities For ECommerce

According to Digital Commerce 360’s annual retail holiday survey release in September, 33 percent of retails are projecting that web sales will increase by as much as 24 percent this holiday season – notably due to the pandemic and the continued shift to online shopping.

Pandemic Accelerates the Erosion of Brick-and-Mortar Providing New Opportunities for eCommerce

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

Powering ecommerce sales for festive season and beyond

* “As online shopping continues to grow at breakneck speed, ecommerce players are riding the wave and increasing their spend on AR, VR and AI to entice and engage customers in anticipation of the festive season.

* In its latest Adobe Digital Economy Index report for May 2020, Adobe Analytics found that ecommerce sales during May 2020 alone eclipsed the entire 2019 holiday season.

* In the post-COVID world, brands will have to make significant changes to establish true connections with their loyal customers. One way could be using user-generated images or videos on their digital properties. This can be a valuable tool to replicate in-store social shopping visits.”

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AI test ‘can identify Covid-19 within one hour’, researchers say

  • “The Curial AI test has been developed by a team at the University of Oxford and assesses data typically gathered from patients within the first hour of arriving in an emergency department
  • In an ongoing study, running since March, the researchers have tested the AI tool on data from 115,000 visits to A&E at Oxford University Hospitals (OUH).”