Major retail businesses shuttered stores during early 2020 and re-focused their efforts online. Sports & fitness industry saw major shifts in consumer behaviour with stay-at-home and social distancing measures.
Retail sales dropped by 8.7% in March 2020 in the US (~USD46.2bn) as per an April 2020 report by the US Commerce Department. Read more in our Covid-19 Impact report.
To counter the covid impact, sportswear brands have adopted innovative technologies to ramp up e-commerce efforts and get offline stores ready for a post-covid scenario.
At the forefront is Visual AI technology – a combination of computer vision and artificial intelligence – which elevates online and in-store shopping experiences by improving consumer engagement, conversion rates and operational productivity.
Covid has changed consumer behaviour when it comes to staying fit and buying sportswear, giving rise to 2 key behaviour shifts:
As gyms and public parks close, consumers are forced to stay at home, which drives
As retailers gradually open stores, social distancing measures are a must, to ensure
Visual AI enables a faster and more natural product discovery experience using a camera shot or an existing picture to search for a product.
ViSenze’s Visual Search delivers up to 6X higher conversion rate than traditional text-based search.
The technology enables solutions for end consumers as well as store associates to deliver a unique and safe shopping experience, both online and offline.
As consumers adopt online fitness courses to workout at home, brands can enable Visual AI into their consumer app and tap into this growing opportunity:
Learn how a global sportswear brand drove user engagement and conversions using visual search on their consumer app.
Consumers will think twice before shopping in stores as it involves heavy interaction with store associates, sampling of display items with hands, and using trial rooms recently occupied by strangers.
Brands can deliver a touchless and safe shopping experience using Visual AI, while adhering to the safe distancing protocols:
See how a global sportswear brand boosted in-store revenue and consumer engagement with Visual Search.
Covid may have put a dent in the retail landscape in 2020, but the industry will recover stronger than ever. This will be led by the shift in consumers’ shopping habits and adoption of innovative technologies such as Visual AI.
If your retail business has been impacted by Covid, Visual AI solutions can help you bounce back. Get in touch with us and we would be happy to work with you to boost consumer engagement, conversion rates, and operational productivity.
Luxury e-commerce requires a unique approach that considers the differences between luxury and mass-retail strategies, target audiences, consumer behavior, and technical solutions. Brands must replicate [...]Read More