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Fashion and Luxury

The fashion & luxury industry is going through a massive transformation. New technology, changing customer trends and demands are gradually transforming the industry.

The future of fashion is data-driven: by leveraging data on consumer trends, brands can create pieces consumers are most likely to purchase.

Many stores and brands use data to predict the rise and fall of trends. The benefits of using data in fashion are numerous: from only producing pieces consumers will actually wear to reducing waste and connecting the right consumers with pieces they will enjoy.

The future of fashion is happening online, and brands will have to adjust how they create and sell clothing to make it work in a digital world.

With more shoppers taking advantage of online shopping, fashion retailers have to follow suit. Consumers increasingly prefer the convenience and speed of online shopping, even if it means not being able to try an item on in person. The most successful fashion brands of the future won’t just make their clothing available online—they will also create an immersive digital shopping experience with things like virtual fit or sizing tools, virtual showrooms and virtual stylists. Fashion brands will also leverage technology like AR and VR to allow consumers to “try on” items digitally from the comfort of their own homes.

Even consumers who make purchases in person will still be influenced by digital efforts. A number of large fashion brands are moving to virtual fashion shows and are digitizing their designs into 3D prototypes on avatars that are easier to showcase, test and manufacture on demand. Designers can test out ideas virtually and float them with consumers before actually creating the physical pieces.

Are you ready for a data-driven, digital Fashion industry?

Industry Challenges

Business

Profitability

Covid-19 has had an impact on the lives and livelihoods of billions of people, disrupting international trade, travel, the economy, and consumer behaviour.

Travel

Interrupted

Travel retail will face continued disruption as international tourism remains subdued.

Retail

ROI

Permanent store closures will continue to rise in the postpandemic period, while companies that invest ambitiously and timely in their online business are likely to emerge as market leaders.

Digital

Sprint

Digital adoption soared amid the pandemic, with brands embracing live streaming, virtual customer service, and social shopping. Fashion players must optimize the online experience while persuasively integrating the human touch.

Looking for a solution?

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Our dedicated solutions for Fashion & Luxury Clients

Digital Strategy Consultancy
E-commerce Growth Program
CX Revolution –  customer experience
Loyalty Customer experience

Case Study

Read how Italian luxury fashion brand has benefited from the increase of its digital maturity.

Some of the Fashion & Luxury brands we helped to grow

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