The impact of social media and e-commerce on the fashion industry
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iding the digital bandwagon, social media and e-commerce have become an inevitable outcome of robust internet penetration. Where their impact is being felt across industries; even the fashion industry is undergoing a paradigm shift under their influence. Social media and e-commerce together are starkly transforming the way the fashion industry functions. By opening up new avenues for making shopping accessible and convenient for customers, they play a crucial role in exhibiting the wide gamut of choices available to them.
Bringing about discernible modifications in the shopping patterns of consumers, e-commerce and social media can immensely contribute to the growth of the fashion industry. Gauging the wide gamut of benefits they have to offer, let’s understand how together they are redefining the industry.
Embracing sustainability
Taking leverage of the digital age, the industry can invariably build trust among consumers by showcasing their commitment to sustainable and ethical practices. Considering that the audience these days is highly woke of the deteriorating state of the environment, they are very conscious of their purchasing choices. In the pursuit to support the cause, they incessantly opt for sustainable fashion and resonate with brands promoting the same. Hence, riding the popularity of social media, the industry can keep the audience well informed about their eco-friendly practices and win their loyalty over time.
Vouching for connected commerce
The confluence of social and digital platforms has revolutionized the Indian fashion industry. Social networking sites like Instagram and Facebook have emerged as powerful tools for fashion brands and designers to showcase their creations, engage with customers, and drive sales. This integration has enabled brands to reach a wider audience base, both domestically and internationally. In the process, it is enabling direct-to-consumer sales through seamless social media shopping experiences. This transformation has democratized the fashion industry, empowering emerging designers and local brands to gain visibility and compete on a global scale.
Omnichannel Retailing for endless choice
The evolution of omnichannel retailing is increasing the availability of choice among consumers. Traditionally, limited physical store space constrained retailers' ability to showcase their entire inventory. However, with the advent of the omnichannel model, Indian retailers can now seamlessly bridge the gap between online and offline shopping experiences.
This innovative approach grants customers access to an extensive array of products, even if they are not physically available in the store. This expanded product range empowers consumers with more choices, reducing the likelihood of out-of-stock situations. Additionally, it is spurring retailers to optimize their supply chains and inventory management systems, to ease shopping for customers.
Elevating shopping experience
Ever since the integration of technology into the industry, there has been a phenomenal change in consumer behavior. Gauging the rising preference for online shopping from the convenience of their home instead of scouting the stores physically, the industry is taking this as an opportunity to provide them with a seamless shopping experience. They are going the extra mile with the help of e-commerce and social media platforms to provide innovative shopping solutions to customers. Harnessing the benefits of advanced technologies such as Artificial Intelligence (AI), Virtual Reality (VR), etc. it is opening the gateway to virtual trail rooms, previously unimaginable by the audience. Moreover, the ability to provide personalized recommendations by taking into account past purchases and individual preferences, it is relentlessly working towards meeting customer satisfaction.
Therefore, looking at the omnipresence of technology in recent years, digital platforms can immensely contribute to the fashion industry in staying abreast of the changing trends. By providing the means to amplify the visibility, it is also easing the entire shopping process for the customers while keeping them well-informed at every stage of development. Hence, by infusing loyalty among the customers, it allows the industry to come up with ingenious offerings to enhance the overall experience of the customers.
(Swati Saraf is the President at Les Petits)
IANSlife can be contacted at ianslife@ians.in
Swati Saraf/lh/tb
✔️ The impact of social media and e-commerce on the fashion industry
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