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As countries around the world face prolonged lockdown to prevent the further spread of COVID-1 9, retailers are among the hardest hit. Many have closed all their brick-and-mortar accumulates, developing in furloughing of many employees.
The U.S. Census Bureau reported that retail sales during March 2020 were down 8.7%, the biggest monthly drop-off ever recorded since the Great Recession. Of the hardest-hit categories, draping accumulation sales went down 50.5% from February, furniture collect sales were down 26.8% and indulgence goods are expected to fall 31%.
Before COVID-1 9, physical retail was already decimated by e-commerce behemoths like Amazon, but now the sector’s fate seems sealed by the ever-increasing threat of the pandemic. A so-called retail apocalypse may seem inescapable, but in these challenging epoches, it is more important than ever to be examined how engineering can turn the tide.
How AR will convert retail in the next decade
Imagine a future where consumers can virtually try on invests that would fit them perfectly and they can purchase entries confidently in the comfort of their own homes. Buyers will no longer need to choose different sizes because computer imagination and checking engineerings would have already judged their excellent fit. These virtual drapes will too look so real that consumers will not be able to distinguish them from world. Spoiler alert: This future is already here.
Virtual try-on is one of the most compelling use cases of augmented reality engineering( AR ), which appendages shoppers with the information they need to confidently prepare acquisition decisions that will not likely result in returns for retailers. Retailers too can obtain brand-new penetrations into consumers’ buying structures by tracking gapes, consider history and time spent looking at a particular product. Retailers can even compile the AR shopping experience more personalized by providing real-time feedback.
With more than two billion AR-enabled manoeuvres today and 100 million consumers expected to shop with AR this year, information and communication technologies is prime with a view to its adoption. Now are some examples of how the world’s preceding retail firebrands are using AR to increase conversion, mount auctions and lessen returns.
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