Raghav is Co-Founder of Perfitly, a virtual reality/augmented reality (VR/AR) and AI powered virtual fitting room solution that is being integrated into the e-commerce platforms of the nation’s leading retailers. He is the former Co-Founder & CFO of iRail, an enterprise procurement software solution. He was a McKinsey Associate Partner working in financial services before starting GuideVine. Raghav was also a former investment banker at JPMorgan TMT.
People truly aren’t sure of their size, so they’re still ordering three of everything.18 March 2021
Historically, luxury companies like LVMH have shied away from e-commerce and only recently, seemingly grudgingly, started to list product details online, followed by finally enabling commerce. It stemmed from a fear of not delivering the experience they wanted to give to their clients and that [customers] associated with the brand, not to mention having very different supply chains from more mass appeal brands.18 March 2021
Looking at all the trends and indicators, we expect that Covid-19 will make this a tough holiday season for retailers’ brick-and-mortar channels, even for those who have seen stronger than expected performance. Shoppers themselves will remain wary of physical commerce touchpoints. This can further depress or stop foot traffic altogether. Instead, companies should be preparing to meet the demands of much higher online sales.18 March 2021