Technology driving innovation as e commerce sales of apparel are increasing companies are looking for solutions to help customers find their perfect fit when ordering online. In fact in the early 2000s when goldman automated its us. Cash equity trading desk it resulted in a significant reduction in trader headcount from 600 traders in the 2000s to 2. Body measurement technology as more consumers buy their clothes online body measurement technology is emerging to allow shoppers to accurately measure their body dimensions for a more precise fit. In its 15 billion sale to cobham plc headquartered in the uk. Goldman sachs research expects product return rates could decline as the accuracy of these camera based solutions improves and retailers leverage the data to create better fitting garments.
Body measurement technology is an emerging field that allows consumers to accurately measure their body dimensions with a smartphone. Goldman sachs research explains how this technology could help retailers lower return rates and costs. Announced in may and completed in september 2014 goldman sachs served as lead financial advisor to us based aeroflex holding corp. Body measurement technology could translate into fewer returned items and happier customers. Body measurement technology is an emerging field that allows consumers. One of the primary challenges with goldman sachs introduction of digital technology to improve efficiencies in the workplace is the threat of loss of jobs.
Body measurement technology is an emerging field that allows consumers to accurately measure their body dimensions with a smartphone. 3d body scanning apps utilize consumers photos to calculate the circumference and length of each body part to provide shoppers with precise measurements. Goldman sachs research explains how this technology could help retailers lower return rates and costs. Body measurement technology as more consumers buy their clothes online body measurement technology is emerging to allow shoppers to accurately measure their body dimensions for a more precise fit. 3d body scanning apps utilize consumers photos to calculate. We sat down with sho kawano of goldman sachs research to learn more about this body measurement technology its advantages for companies and consumers and the applications beyond retail.
Aeroflex sale to cobham. Some retail brands using body measurement technology have already seen a 40 decrease in returned apparel and goldman sachs research believes return rates could decline further as the accuracy of body measurement technology improves. Goldman sachs insights body measurement technologytopic. As more people buy their clothes online companies are rolling out technologies to provide customers with a more precise fit. Shirt maker original stitch has pioneered a bodygram technology that produces up to 16 different body area measurements based on the users age height weight and gender as well as two submitted smartphone photos. Aeroflex whose lead investors included affiliates of veritas capital focuses on specialized systems including microelectronics products and test and measurement.