All in their hands
Using their smartphones, customers could take virtual tours of shopping destinations and stores remotely, watch videos and interact seamlessly with retailers and brands. This behaviour is already rooted in many younger customers but current observations are just the beginnings of what retail futurists foresee.
Data priorities
Using their smartphones, customers could take virtual tours of shopping destinations and stores remotely, watch videos and interact seamlessly with retailers and brands. This behaviour is already rooted in many younger customers but current observations are just the beginnings of what retail futurists foresee.
The age of artificial intelligence (AI)
Meanwhile, the proliferation of AI technologies will revolutionise the customer and brand relationship.
Whether AI is being used to offer product recommendations or to determine the optimal mix of media to best engage micro-marketing segmentations, science fiction is becoming reality. Many technological foundations have already been laid and developments are unfolding at an unprecedented pace.
Retailers must strive to present consumers with this seamless experience across all devices and channels throughout the four-stage customer journey, and the new age of retail will need to incorporate metrics that measure in-store social sharing, brand buzz, engagement and, in time, ‘in-store-online-on-the-go’ customer behaviour interconnectivity.
The impact of disruptive technology within the fashion industry
As this article highlights, the impact of technology touches all parts of the customer journey, stage 1 (Awareness and Research) being no exception. Find of more about how this is happening and the implications to consumers and retailers.
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This research was conducted by Retail Economics in partnership with Pennigtons Manches Cooper and forms part of a wider piece of research that focusses on the initial stage of the retail customer journey for the fashion industry (stage 1 of 4). It unpacks the key themes that influence consumers and retailers here and identifies future trends in this space. Retail Economics supplied the data sets, collected from a consumer survey of over 2,000 nationally representative individuals in Q1 of 2019.
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