A personal styling AI to speed up online shopping, get more sales, and cut down on returns.
Every year, the fashion industry loses more than $35 billion in returns, over $60 billion from not being able to personalize enough, and more than $50 billion from overstock and out-of-stock in Europe and the United States. Dresslife’s Personal Styling Artificial Intelligence (AI) helps shoppers find clothes they like and that fit faster and more easily. This means that fashion retailers get more sales and fewer returns, which is good for their business. Dresslife sorts items based on a recommendation score, which shows how likely it is that a customer will like an item and keep it. Except for clothing, where product lifecycles are shorter and the human body is more complicated, personalization is 6 times more effective in every other market. Dresslife reduces losses and gets similar metrics for fashion e-commerce by tackling the problems that are unique to each segment. Personalization has already led to a 35% rise in sales for global marketplaces like Amazon and Alibaba. Dresslife lets fashion retailers keep up with the competition and keep from losing market share to bigger platforms.
Positive facts about Dresslife Personal Styling AI
Increases the number of items a customer sees on the first category page that they would like and keep by 31%, increasing the revenue per user by over 5%
Predicting fit 30% more accurately than a human, which reduces returns by more than 5%
198,100t less carbon emissions generated
Potential to It could be Potential to decrease about 250M pounds or 125.000 tons of clothing waste
5 – 10% additional generated revenue per user
Immediate payback time: greater than 5% net revenue, saves more than 5% of return costs
Video about Dresslife Personal Styling AI
https://www.youtube.com/embed/hEpc6L8CN4E
Dresslife Personal Styling AI website : https://dresslife.com
