Tech Activated
Springboard’s 2022 UK Annual Footfall Review revealed that only 34.4% of all sales of fashion and accessories were made online in 2021, suggesting that the remaining 65.5% of sales were made in-store. On top of this, there were significantly more in-store sales of fashion and accessories in 2021 than in 2020, proving that consumers really do enjoy the tangible, leisure, and dare I say, convenience factors that can be attributed to bricks-and-mortar retailing. This suggests that whilst digital realms are popular, they are certainly not the sole future of retail. Nor do we believe that purely bricks-and-mortar stores utilising a monochannel shopping journey are the sole future of retail. We believe there has to be a balance. Especially when we consider changing consumer attitudes and behaviours, explained earlier in the report. Gen Z, for example, who are a digitally native generation, are having an ever-growing influence on the consumer market, and it is believed that over 50s are embracing technology more ever. We believe the future is phygital.
NIKE
With so many advancements in technology we are spoilt with the tech-activated options available to us, including RFID tags, QR codes, digital screens, face scanners, interactive touchscreens, VR and AR, to name but a few! To celebrate Nike’s 50th birthday the American sports giant partnered with BUCK to launch a new AR driven experience in their stores around the globe. Customers can scan QR codes to unlock 11 unique stories contained within one frosted glass box. After tapping on the virtual box the frosted glass clears, allowing visitors to unlock 17 digitally scanned items from Nike’s archives and learn more about the iconic brand’s history.