HYPERVSN’s Post

The retail world is in the midst of an electrifying transformation, and consumer expectations are evolving at warp speed. According to a groundbreaking survey by Klarna. - A jaw-dropping 47% of consumers in the US and Europe are boldly declaring that the way they try on clothes is about to undergo a seismic shift. - Virtual fitting rooms (48%), - mind-bending augmented reality experiences (28%), - cutting-edge AI-powered fashion advice (23%) are just a glimpse into the exciting future they're ready to dive into. Picture this: You walk into a store and are greeted by mannequins that spring to life, elegantly showcasing the fluid movement of their latest clothing designs. It's a sight to behold and a thrill like no other. These captivating holographic models are a FIRST for the region, establishing an ENTIRELY NEW STANDARD for retail experiences. Falabella Retail visionary audacity and their embrace of phygital innovation are nothing short of INSPIRING. While examples of this kind of retail transformation remain few and far between, Falabella's triumph is an irrefutable beacon of what's POSSIBLE. More pioneering retailers will undoubtedly follow suit, leading us into a NEW ERA of shopping where the physical and digital worlds merge in dazzling harmony. #RetailRevolution #PhygitalInnovation #FutureOfShopping

The Lenskart Evolution! 🌟 Lenskart goes beyond eyewear retailing, pioneering a transformation in how people perceive and access vision solutions. 👓✨ 🚨 Problem: Traditional eyewear shopping lacked innovation, and convenience. They also had very limited options and were failing to cater to modern consumers seeking seamless experiences and a wide range of choices. 💡 Solution: Lenskart revolutionized the eyewear industry with online platforms and innovative technologies, offering a vast selection of high-quality eyewear and personalized solutions. Their use of Augmented reality in virtual try-ons has been a game changer. 🔑 Strengths: The focus on innovation drives the development of cutting-edge lens technologies and fashionable frames, fostering customer satisfaction and loyalty. 🔧 Challenges: Overcoming market saturation and establishing operational efficiency. A large number of people still prefer offline shopping ATLAS SkillTech University Lenskart.com Devanshi Choudhary Shriya Agarwal Rutvi Hirani Khushi Patel Darshit Mehta #TeamLenskart #EyewearEvolution #Innovation #CustomerExperience #Tech #Fashion #ProductManagement #product #tech #productmanager

The Lenskart Evolution! 🌟 Lenskart goes beyond eyewear retailing, pioneering a transformation in how people perceive and access vision solutions. 👓✨ 🚨 Problem: Traditional eyewear shopping lacked innovation, and convenience. They also had very limited options and were failing to cater to modern consumers seeking seamless experiences and a wide range of choices. 💡 Solution: Lenskart revolutionized the eyewear industry with online platforms and innovative technologies, offering a vast selection of high-quality eyewear and personalized solutions. Their use of Augmented reality in virtual try-ons has been a game changer. 🔑 Strengths: The focus on innovation drives the development of cutting-edge lens technologies and fashionable frames, fostering customer satisfaction and loyalty. 🔧 Challenges: Overcoming market saturation and establishing operational efficiency. A large number of people still prefer offline shopping Lenskart.com Peyush Bansal Dr. Tapish Panwar ATLAS SkillTech University Kaustubh Thakur Devanshi Choudhary Rutvi Hirani Khushi Patel Darshit Mehta #TeamLenskart #EyewearEvolution #Innovation #CustomerExperience #Tech #Fashion #ProductManagement #product #tech #productmanager

The Lenskart Evolution! 🌟 Lenskart goes beyond eyewear retailing, pioneering a transformation in how people perceive and access vision solutions. 👓✨ 🚨 Problem: Traditional eyewear shopping lacked innovation, and convenience. They also had very limited options and were failing to cater to modern consumers seeking seamless experiences and a wide range of choices. 💡 Solution: Lenskart revolutionized the eyewear industry with online platforms and innovative technologies, offering a vast selection of high-quality eyewear and personalized solutions. Their use of Augmented reality in virtual try-ons has been a game changer. 🔑 Strengths: The focus on innovation drives the development of cutting-edge lens technologies and fashionable frames, fostering customer satisfaction and loyalty. 🔧 Challenges: Overcoming market saturation and establishing operational efficiency. A large number of people still prefer offline shopping #TeamLenskart #EyewearEvolution #Innovation #CustomerExperience #Tech #Fashion #ProductManagement #product #tech #productmanager Devanshi Choudhary Khushi Patel Shriya Agarwal Kaustubh Thakur Darshit Mehta

The Lenskart Evolution! 🌟 Lenskart goes beyond eyewear retailing, pioneering a transformation in how people perceive and access vision solutions. 👓✨ 🚨 Problem: Traditional eyewear shopping lacked innovation, and convenience. They also had very limited options and were failing to cater to modern consumers seeking seamless experiences and a wide range of choices. 💡 Solution: Lenskart revolutionized the eyewear industry with online platforms and innovative technologies, offering a vast selection of high-quality eyewear and personalized solutions. Their use of Augmented reality in virtual try-ons has been a game changer. 🔑 Strengths: The focus on innovation drives the development of cutting-edge lens technologies and fashionable frames, fostering customer satisfaction and loyalty. 🔧 Challenges: Overcoming market saturation and establishing operational efficiency. A large number of people still prefer offline shopping. #TeamLenskart #EyewearEvolution #Innovation #CustomerExperience #Tech #Fashion #ProductManagement #product #tech #productmanager ATLAS SkillTech University Lenskart.com Peyush Bansal Darshit Mehta Shriya Agarwal Rutvi Hirani Khushi Patel Kaustubh Thakur

Hi Everyone! 🚀This is Day 8 of learning the "30 days 30 business lessons Challenge" 🚀 🔥   Day 8: Lenskart's Visionary Journey - A Case Study in Disruption   We embark on the #30Days30BusinessLessons challenge with a deep dive into Lenskart's inspiring story. They revolutionized the eyewear industry by:   1️⃣Democratizing access to vision care: Lenskart identified the gap in tier-2 and tier-3 cities, offering affordable eyeglasses and swift delivery, making quality vision care accessible to millions.   2️⃣Championing convenience and choice: They shifted the paradigm from traditional, often limited options to a vast online selection, coupled with innovative features like virtual try-on, for a convenient and personalized shopping experience.   3️⃣Mastering the omnichannel approach: Recognizing the diverse needs of their customer base, Lenskart seamlessly blended online convenience with physical stores through their brand, Vinson & Co., catering to all preferences.   Their success story underscores the importance of innovation, affordability, and a relentless focus on customer needs in building a sustainable and impactful business.    As we navigate the challenge, stay tuned for further explorations into the captivating world of business!     #Lenskart #EyewearRevolution #Innovation #CustomerCentric #SuccessStory #BusinessLesson #Day1 #30Days30BusinessLessons

Retail Today / Retail Renaissance: Can Macy’s make this “big elephant” dance again? This major Department Store continues to slow dance into the future, recently posting a 8% sales decline. Yes, the old large format stores are a burden to operate but did Macy’s just write them off over the last few years. Where are the “Merchants”? Where was the excitement of compelling merchandise? I’m encouraged by their new “MARKET” format and announcement of 30 new stores. But will that change their current sales trend? Where’s the merchandise creativity? Target’s new relationship with Kendra Scott, fantastic! It’s your strategy that I struggle with, what about Fast-Fashion? It’s not going away, you need GenZ or you become their grandmother’s store! I have attached an article on Authentic Brands brilliant move with Forever21 and SHEIN. What are you waiting for? We are rooting for Macys, put a little “Herald Square” in every store. #retail #macys #sales #retailindustry #retailstrategy #retailtrends #stores #shoppingexperience #futureofretail #fastfashion #fashion #apparelindustry #authenticbrands #target #forvever21 #shein

Did you know about 35% of the Indian population requires vision correction? In India, the market is heavily unorganized, with more than 70% of the market share maintained by the unorganized sector even now. And in the organized sector, Lenskart currently holds a whopping 25% of the market. 🤯 From its inception as a simple online website selling eyewear to now becoming a $5B brand in a little over a decade while doing 5 times more revenue than Tata’s Titan Eye+, it has come a long way. 🚀 I'm a recent customer of Lenskart. I really love how they have nailed the omnichannel customer experience, have taken a full-stack approach to solving the problem for the masses, and have an innovation DNA that shows in their mobile features like 3D Try On. 😎 Peyush Bansal, kudos to you and your team for the excellent execution so far. I have learned a lot about thinking long-term and building full-stack solutions from your journey of building Lenskart. 🙏 I hope you all find it useful. 🤞 Don't forget to like, share & subscribe. 🤌🏻 Link to video: https://lnkd.in/d9s2wZfE #ecommerce #retail #lenskart #growth #casestudy

🚀 Excited to share my latest project for the #NextLeapChallenge! 🔍 I recently completed a comprehensive product teardown review of Lenskart, one of India's leading eyewear retailers. This deep dive gave me an opportunity to analyze their business model, product design, customer experience, and more. Here are some key takeaways from my analysis I'm thrilled to be part of the #NextLeap community, pushing boundaries and exploring new heights. #ProductTeardown #Lenskart #Eyewear #Innovation #CustomerExperience #BusinessModel #NextLeapJourney

Our community has shared their thoughts on using virtual try-on technology for eyewear: -Very likely: 16 votes (38.1%) 🌟 -Somewhat likely: 11 votes (26.19%) 👍 -Not likely: 15 votes (35.71%) 👎 With 38.1% of voters ready to embrace virtual try-on, it's clear that the blend of technology and fashion is gaining traction 🚀. Yet, there's still some hesitation, as 35.71% are not convinced, sticking to traditional in-person experiences 🛍️. Those in the middle, 26.19%, might be swayed by advancements or demonstrations of efficacy 🤖. From a professional standpoint, virtual try-on represents a significant leap towards interactive retail, offering a convenient and personalized shopping experience from anywhere 🌐. As the technology behind it becomes more sophisticated, we anticipate higher accuracy and user satisfaction. Eyewear companies should invest in enhancing this tech to appeal to the modern, tech-savvy consumer, while also maintaining options for those who prefer the touch-and-feel of a physical store visit. #VirtualTryOn #TechSavvy #Shopping #Eyewear #Innovation #Retail #Tech #ConsumerExperience 🛒👨💻