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Related Keywords: AI, Alibaba, artificial intelligence, customer, fashion, future, investment, technology, trade war

New York Fashion Week, now underway, is a celebration of creativity, crafts, imagination, and human ingenuity. But of course in the year 2019 one aspect of creation is integrating technology, so perhaps it’s little wonder that some designers are relying on data collected by the Chinese e-commerce giant Alibaba to inform their looks.

Related Keywords: 53 percent, artificial intelligence, Ecommerce, Generation Z, online, research, retail, Sales, technology, United Kingdom

Ecommerce in the United Kingdom will account for 53 percent of the country’s total retail sales by 2028. Factors powering this online growth are the fact Generation Z and Millennials will be half of the adult population in ten years, faster, cheaper and in-home delivery and fewer physical stores.

Currently, ecommerce in the United Kingdom accounts for 19.2 percent of total retail sales. It’s expected to grow to 33.8 percent by 2024 and even to 53 percent by 2028.
‘Online drives majority of retail within next 10 years’