New survey highlights evolving consumer trends, emphasizing budget-conscious spending, personalized shopping experiences, and the rising importance of AI technology.
Perfect Corp. (NYSE: PERF), the leading provider of AI and AR beauty and fashion tech solutions, today announced findings from its 2024 holiday retail survey, offering a closer look at consumer preferences and shopping trends shaping the upcoming holiday retail season. The survey, conducted within the YouCam Apps user community, revealed key insights into shopper behaviors and the increasing role of technology in delivering enhanced retail experiences.
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Perfect Corp Reveals Key Insights for the 2024 Holiday Shopping Trends: Personalization and AI Take Center Stage (Photo: Business Wire)
The 2024 holiday season will see increased emphasis on value-driven, personalized, and technology-enhanced shopping. Perfect Corp.'s survey shows a trend toward budget-consciousness while consumers still seek engaging interactions across digital and in-store environments. These findings underscore the importance of AI and AR technologies in meeting these demands.
Key Insights from the 2024 Holiday Retail Survey
- Budget-conscious shopping: The majority of consumers (66%) plan to spend less this holiday season, underscoring a focus on value and savings in response to current economic challenges.
- Omnichannel flexibility: 60% of consumers prefer a mix of in-store and online shopping, appreciating the convenience of at-home browsing alongside expert in-store assistance.
- Online Shopping Pain Points: Top pain points of shopping online include the inability to try products on before buying (34%), complicated returns processes (22%), and too many product choices (15%)
- Demand for personalization: 23% of consumers seek virtual try-on tools, while 26% value AI-powered virtual assistants. Personalized experiences are becoming essential, with consumers expecting tailored recommendations and interactive tools.
- Emerging AI adoption: 52% of consumers are using or plan to use AI in shopping, showing a shift toward AI normalization. AI tools like chatbots and predictive analytics are key to enhancing the shopping experience.
"We’re excited to empower brands and retailers with the insights and technology solutions they need to succeed. As we see in these results, AI is becoming more crucial than ever for effectively engaging consumers and addressing their evolving preferences for personalization,” said Perfect Corp. CEO and Founder Alice Chang, “Perfect Corp.’s solutions can support brands in creating seamless, personalized, and innovative shopping experiences that delight customers this holiday season and beyond."
Perfect Corp.'s AI and AR technologies continue to transform retail, enabling personalized and efficient customer experiences. With virtual try-ons, AI skin diagnostics, and product recommendations, Perfect Corp. ensures brands can meet diverse customer needs in a dynamic market. Retailers that integrate AI and AR into their strategies will build stronger customer loyalty and drive sales growth this holiday season and beyond. For more information about the survey findings and Perfect Corp.'s innovative AI solutions, visit https://www.perfectcorp.com/business/blog/general/perfect-corp-2024-holiday-shopping-trend-report.
About Perfect Corp.
Perfect Corp. (NYSE: PERF) leverages ‘Beautiful AI’ innovations to make our world more beautiful. As a pioneer and leader in the space, Perfect Corp. works with over 650 partners around the globe to empower brands to embrace the digital-first world by transforming shopping journeys through digital tech innovations. Perfect Corp.’s suite of enterprise solutions delivers synergistic, technology-driven experiences that facilitate sustainable, ultra-personalized, and engaging shopping journeys through hyper-realistic virtual try-ons, AI-powered skin analyses, personalized product recommendation tools and many more Beautiful AI innovations.
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