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Retail technology news, analysis, and trends covering ecommerce, AI, payments, data, stores, and digital commerce.
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MySize, a global leader in AI-driven sizing solutions and omnichannel e-commerce platforms, has announced its financial results for the year ending December 31, 2024. The company reported an 18% increase in revenue, reaching $8.26 million, alongside a significant doubling of…
Affirm has partnered with Stitch Fix, the popular online personal styling service, to offer shoppers the ability to split payments for their curated clothing boxes into manageable monthly installments. Starting this week, Stitch Fix clients can skip the sticker shock and…
In a transformative leap for the retail industry, augmented reality (AR) and virtual reality (VR) technologies are becoming indispensable. According to The SNS Insider Report, the Augmented Shopping Market was valued at USD 4.0 billion in 2023 and is projected…
The virtual fitting room market is rising, driven by the rapid growth of e-commerce and the increasing demand for personalized, convenient shopping experiences. In 2023, the market was valued at 4.63 billion and is projected to skyrocket to 28.29 billion by…
The fashion tech industry is at the forefront of a technological revolution. As of 2024, the fashion tech market was valued at approximately USD 259.7 billion. A substantial portion of this value is attributed to the adoption of AI for…
AI’s role in retail, particularly for catalog management and automation, is becoming increasingly predominant and effective. In a recent AI survey conducted by Carl Marks Advisors, more than half of retail and consumer packaged goods executives (56%) have plans to…
Where convenience and personalization are paramount, ASOS sets a new benchmark in e-commerce by introducing Nibble AI, an AI-powered chatbot designed to revolutionize how customers shop and save. Launched to provide a personalized and engaging shopping experience, Nibble AI lets…
Reshop is a technology company reshaping the returns process by providing instant refunds and a hassle-free experience. Offering instant refunds to shoppers alleviates one of the most problematic aspects of retail – the waiting time associated with returns. Unlike traditional systems…
eBay has introduced an innovative “resell on eBay” feature designed to simplify the process of listing pre-owned clothing for resale. This new feature, launched on May 16th, 2024, is part of eBay’s broader initiative to foster a circular economy in…
DRESSX, the largest digital fashion company, has recently launched DRESSX Gen AI – an innovative generative AI technology that enables users to create personalized digital fashion looks within seconds based on text prompts. This AI solution utilizes Generative Adversarial Networks…
According to McKinsey & Company, ‘Generative AI in Fashion’ report suggests generative AI could add, conservatively, $150 billion and up to $275 billion to the apparel, fashion, and luxury sectors’ operating profits in the next three to five years. This…