{"id":27188,"date":"2022-01-21T15:04:20","date_gmt":"2022-01-21T15:04:20","guid":{"rendered":"https:\/\/www.hult.edu\/blog\/?p=27188"},"modified":"2022-06-08T11:58:12","modified_gmt":"2022-06-08T10:58:12","slug":"my-life-tech-part-1-how-tech-changed-shopping","status":"publish","type":"post","link":"https:\/\/www.hult.edu\/blog\/my-life-tech-part-1-how-tech-changed-shopping\/","title":{"rendered":"My Life &#038; Tech Part 1: How Tech Changed Shopping"},"content":{"rendered":"<p><b><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">I am a self-diagnosed shopaholic. While I lack Rebecca Bloodwood\u2019s (Confessions Of a Shopaholic, 2009) number of credit cards and consequent debt, I definitely am a valid match for her passion for fashion. So naturally when the holiday season discounts hit, it was time to undergo a wardrobe refresher marathon. Starting from Black Friday and ending with Valentine\u2019s Day \u2013 including the long-awaited January mega discounts \u2013 I partook in my own \u201crevenge shopping\u201d spree.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">We all know about the financial impacts on fashion and luxury spending globally due to the pandemic. If you\u2019re looking for a table and chart of analysis, you should redirect your search to the Financial Times. But if you\u2019re looking for more practical insight on tech applications to commerce and how this\u00a0will affect your purchase experience, this is the article you need to read. Why? Because this is a shopaholic\u2019s perspective on how to make the most of it.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">With the firm belief of deserving to splurge on myself during the longest sale season of the year, the first decision I had to make before I started shopping was: in <a href=\"https:\/\/hultstore.com\">store<\/a>, online or both?<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img class=\"size-medium wp-image-27192 aligncenter\" src=\"https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-Series-picture-1-259x345.jpeg\" alt=\"\" width=\"259\" height=\"345\" srcset=\"https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-Series-picture-1-259x345.jpeg 259w, https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-Series-picture-1-375x500.jpeg 375w, https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-Series-picture-1.jpeg 735w\" sizes=\"(max-width: 259px) 100vw, 259px\" \/><\/p>\n<p><b><span data-contrast=\"auto\">Social shopping \u2013better in store or online?<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Having some time on my hands I decided to opt for the best of both worlds, I would shop for certain things online and others in store.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Starting online, Instagram and Facebook shops are amongst the primary destinations to hit. Not only are they the most well-known social shopping locations but they encompass the widest ranges of brands from high end designer to small-owned businesses worldwide. Their marketplaces are basic but clear and allow you to save products and patiently wait for discounts before ordering. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img class=\"size-medium wp-image-27193 aligncenter\" src=\"https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-2-535x345.jpeg\" alt=\"\" width=\"535\" height=\"345\" srcset=\"https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-2-535x345.jpeg 535w, https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-2-500x323.jpeg 500w, https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-2.jpeg 612w\" sizes=\"(max-width: 535px) 100vw, 535px\" \/><\/p>\n<p><span data-contrast=\"auto\">This purchase option is simple, but it lacks easy access to customer feedback. Having to hunt down the tagged pictures section of the brands page to see how it fits different body types complicates the process. With brands like\u00a0Snapchat working on joining the club of marketplaces to maximize profits and adoption, Meta will have to step up its game to stay in the lead in the sector.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In store experiences have been a pleasurable return. Social distancing in shopping is surprisingly quite pleasant as it allows clerks to dedicate you more attention, which also means more samples at checkout and more long-awaited pampering in general. Also, the absence of constantly bumping into strangers and overall, quieter\u00a0stores is\u00a0refreshing. The hot new entry is\u00a0hybrid shopping experiences which are still being perfected.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Are Augmented reality try-ons a real improvement or just good marketing?<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Tablets are now present in all stores as part of the hybrid shopping experience. But some brands have invested in allowing you to go one step further by trying on clothes and accessories without the hassle of having to get into a changing room. This is still not widely adopted and more often than not you will simply be showed a 360-degree picture of the items not available in store. Not very high tech just\u00a0yet.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In my opinion the real debate in helpfulness is between virtual try-ons and YouTube try-on videos, with no clear winner yet. Numerous brands in the last 5 years have launched and then dismissed AR technologies because of their lack of success. As most know from personal experience, a Snapchat filter of a pair of glasses or shoes doesn\u2019t really represent how they will look or feel on you in reality. When expanding to clothing such as the constantly impossible search of a flattering pair of jeans the issue is not even close to be solved. At the end of the day clothes still need to be tried on and I would rather try jeans that won\u2019t fit me at home with a glass of wine than in store. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span style=\"font-size: 16px;\" data-contrast=\"auto\">Regardless, I\u2019m still maybe naively hopeful. Maybe it\u2019s my younger self\u2019s old desire of having a Barbie dress up version on myself to experiment looks on, or just my profoundly lazy side wishing I didn\u2019t have to waste the time and calories to try on items. <\/span><span style=\"font-size: 16px;\" data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img class=\"size-full wp-image-27194 aligncenter\" src=\"https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-3.jpeg\" alt=\"\" width=\"612\" height=\"265\" srcset=\"https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-3.jpeg 612w, https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-3-500x217.jpeg 500w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/><\/p>\n<p><b><span data-contrast=\"auto\">Augmented reality make-up \u2013 a\u00a0beacon of hope?<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">One sector, unsurprisingly my favorite one, is showing strong potential in AR features: beauty and cosmetics. With major brands like L\u2019Or\u00e9al, Sephora and UltaBeauty investing heavily in this sector results are starting to show. I can confirm many apps are closing in on very realistic outcomes in hair, nails, and makeup alike. Pioneered by east Asian countries these in store additions are a strong added value to your shopping experience, especially if you are shy. Unfortunately, they still haven\u2019t reached most countries. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The hottest tech in the sector is currently skin analysis, which is expanding the tech to the skincare industry, the most lucrative worldwide during the pandemic. Using both AR and AI you will be offered both a skin report analysis and expert product recommendations for your specific concerns. Be gone stores that don\u2019t even know the usefulness of glycerin in creams and welcome to a mini dermatologist in store for free!\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">With your skin being estimated to change type every 7 years this could help you stay on top of your regime and reduce the pool of infinite choice now available in the sector. This is the real game changer for me. It also reminds me of the custom-made YSL foundations available in mega stores that were completely tailored to your skin type and pigmentation. I wonder if this trend will be back when the tech improves.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img class=\"size-medium wp-image-27195 aligncenter\" src=\"https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-4-485x345.jpeg\" alt=\"\" width=\"485\" height=\"345\" srcset=\"https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-4-485x345.jpeg 485w, https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-4-500x355.jpeg 500w, https:\/\/www.hult.edu\/blog\/media\/uploads\/2022\/01\/Ludovica-series-4.jpeg 612w\" sizes=\"(max-width: 485px) 100vw, 485px\" \/><\/p>\n<p><b><span data-contrast=\"auto\">New investment waves \u2013 Is the tech sufficiently sponsored to justify high hopes?<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Inclusivity is now extremely trendy, not only it allows for positive social publicity, but it gives huge chances in expanding profits. I wonder if this is linked to the record high availability in VC funding in the last year.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Online and marketplace business models were a standout success story of the pandemic. We expect that companies will continue to invest in digital innovation and experiment with fresh approaches to creativity and commerce in 2022.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Digital assets such as non-fungible tokens (NFTs), gaming \u201cskins\u201d and virtual fashion will edge closer to the mainstream, with some brands expanding into the digital \u201cmetaverse\u201d. In-app social commerce will play an increasingly important role in sales and marketing. On the flipside, these opportunities will bring increasing threats of cyber crime and data loss, meaning companies will need to work hard on resilience in an increasingly risky digital landscape. This will require additional investments to protect them.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">A new shopping era is coming but not yet. The pandemic undoubtedly accelerated the growth of the tech sector, but more money isn\u2019t necessarily a symptom of faster development. The era of holographs and holograms in store showcasing clothes in a futuristic universe is not yet close. But soon?\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0I am a self-diagnosed shopaholic. While I lack Rebecca Bloodwood\u2019s (Confessions Of a Shopaholic, 2009) number of credit cards and consequent debt, I definitely am a valid match for her&#8230;<\/p>\n","protected":false},"author":249,"featured_media":27190,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[151],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>My Life &amp; Tech Part 1: How Tech Changed Shopping | Hult International Business School<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"My Life &amp; Tech Part 1: How Tech Changed Shopping | Hult International Business School\" \/>\n<meta property=\"og:description\" content=\"\u00a0I am a self-diagnosed shopaholic. 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She has lived in 7 cities, travelled to over 40 countries and speaks fluently 3 languages. A passionate reader since her childhood she likes to dive into fantasy novels as much as fintech journals or browse through fashion magazines.\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"My Life & Tech Part 1: How Tech Changed Shopping | Hult International Business School","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"My Life & Tech Part 1: How Tech Changed Shopping | Hult International Business School","og_description":"\u00a0I am a self-diagnosed shopaholic. 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She has lived in 7 cities, travelled to over 40 countries and speaks fluently 3 languages. A passionate reader since her childhood she likes to dive into fantasy novels as much as fintech journals or browse through fashion magazines."}]}},"_links":{"self":[{"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/posts\/27188"}],"collection":[{"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/users\/249"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/comments?post=27188"}],"version-history":[{"count":4,"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/posts\/27188\/revisions"}],"predecessor-version":[{"id":28318,"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/posts\/27188\/revisions\/28318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/media\/27190"}],"wp:attachment":[{"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/media?parent=27188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/categories?post=27188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hult.edu\/blog\/wp-json\/wp\/v2\/tags?post=27188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}