Multiple store closures, a string of bankruptcies and Amazon’s steadily growing market share in apparel are all bad news for America’s brick-and-mortar apparel stores. With retail industry in US recently taking another few blows, shopping malls are faced with a pressing need to re-invent themselves.
One cannot argue with figures and these speak again in favour of promotional leaflets. In France alone, a whopping 80 percent of consumers get promotional flyers each week, while 70 percent claim to leaf through them. Whether in an old-time paper version or a digital format, leaflets do not seem to lose their consumer-pulling power.
Imagine walking into a store, grabbing what you fancy and just leaving. Forget scanning the products, queuing up, checkouts and registers. Impossible? Not anymore. In its groundbreaking concept convenience store, online giant Amazon unveils the future of retail made possible by three cutting-edge techs: deep learning, computer vision and sensor fusion.
Over the years, retail industry has witnessed a number of passing fads. Fashions may come and go, but one thing seems certain: ways in which products are sold continue to evolve at a rapid pace. One of the techs on a rising curve, AR has the potential to revolutionize retail.
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