News 13.09.2024

Need to Know

Shopify partners with Roblox, Neko Health launches body scanning service in the UK and luxury sales decline in China.

Shopify partners with Roblox to boost in-game commerce

Shopify commerce integration on Roblox, Global

Global – Shopify has announced a new partnership with gaming platform Roblox, marking its first commercial integration. This collaboration aims to empower entrepreneurs by allowing them to sell physical goods directly within Roblox games without needing to leave the platform.

Shopify's mission to ‘further entrepreneurship and make commerce everywhere a reality, even in immersive spaces’ aligns with Roblox’s vision for more on-platform seamless experiences, opening new opportunities for brands and developers. The pilot for the new checkout feature will begin this month, with a broader launch set for 2025.

‘Through this integration, creators and brands will be able to engage with a global audience of nearly 80m daily active Roblox users,’ said Shopify. ‘It also gives Roblox creators a brand new avenue to entrepreneurship.’ For more best-in-class examples of retail experiences in VR, XR and immersive digital spaces, head to our X-tended Retail report.

Strategic opportunity

To sell physical products in virtual worlds such as Roblox, consider how to experiment with gamified shopping experiences and capitalise on the seamless checkout feature

Neko Health launches body scanning service in the UK

Neko Health body scanner, UK Neko Health body scanner, UK
Neko Health Body Scanner, UK Neko Health Body Scanner, UK

UK – Swedish health-tech company Neko Health, co-founded by Hjalmar Nilsonne and Spotify CEO Daniel Ek, has launched its preventive-health body scanning service in the UK.

The Neko Health Centre in Marylebone, London, offers a 10-minute, non-invasive scan that maps millions of data points across the body which can detect health issues such as skin cancer and metabolic disorders. The service has a launch price of £299 ($390, €354), with the scan providing instant results, followed by a personalised consultation with a doctor.

‘In the UK, you are required to do an MOT on your car.  However, when it comes to your body, you often need to break down before seeing a doctor,’ said co-founder Nilsonne.

As explored in our Longevity Lifestyles macrotrend report, preventative healthcare is reframing the health and wellness sector. Body scan technology empowers people to take control of their health and prioritise longevity, alleviating strain on public health services.

Strategic opportunity

How can your brand adapt to the rising demand for hyper-personalised healthcare and leverage data to create tailored products, preventive solutions and on-demand wellness services?

Foresight Friday: Seyi Oduwole, foresight analyst

Community Commerce visuals by Pitch Studios for The Future Laboratory Community Commerce visuals by Pitch Studios for The Future Laboratory

Every Friday, The Future Laboratory team offers an end-of-week wrap-up of the topics, issues, ideas and virals we’re all talking about. This week, foresight analyst Seyi Oduwole discusses teens and technology, expensive sneakers and bookshop booms.

: Australia’s government will move to set a national minimum age to use social media, with the stated aim of weaning children off potentially harmful technology and ‘onto the footy field’, said prime minister Anthony Albanese. Similarly, France is piloting a school mobile phone ban: at 180 colleges, children between the ages of 11 and 15 are not allowed to use their mobile phones during the entire school day. It seems teens are tapping out, whether they like it or not.

: In the streetwear world, Loro Piana and New Balance have collaborated to bring together the worlds of luxury Italian fashion and sport with a sneaker priced at £1,148 ($1,500, €1,359). LS:N Global has previously explored the state of streetwear and where the saturated market is heading.

: In other news, bookshops are booming across the UAE (read more about the rise of #BookTok in our Reading Raves report), Sony is selling refurbished PS5s for half the price of the PS5 Pro, highlighting a sustainable way to repurpose old products, and Gen Alpha boys are spending big bucks on fragrance.

Quote of the Week

‘I wanted everyone to take a minute to research the word cowboy. History is often told by the victors. And American history? It’s been rewritten endlessly. Up to a quarter of all cowboys were Black. These men faced a world that refused to see them as equal, yet they were the backbone of the cattle industry’

- Beyoncé to GQ

Stat: Luxury sales decline in China as structural weaknesses emerge

JNBYHOME, China JNBYHOME, China

China – Barclays has issued a concerning report on the luxury goods market in China, revealing a decline in summer sales by 10 to 50% across many brands.

The bank suggests that this downturn is more structural than cyclical and reflects deeper issues in the Chinese economy. The report notes that the financial and property booms, previously key drivers of luxury spending, have lost momentum, resulting in a more cautious outlook.

Barclays has revised its 2025 growth expectations for the luxury market from 7% down to 4%. Offshore spending remains a potential lifeline, but mainland China is likely to see flat growth in the near future. The economic transformation in China, coupled with a government crackdown on the financial sector and wage caps, has impacted high-end consumers. Even VIP shoppers, who are typically resilient, are becoming more cautious.

In response, luxury brands including Tiffany & Co are scaling back their operations in China, with others such as Louis Vuitton and Gucci planning store closures, signalling a strategic shift as the market recalibrates to these new conditions. These actions will have an impact on China’s luxury market, as explored in State of Luxury: Post-lockdown China.

Strategic opportunity

As spending patterns shift, luxury brands should focus on deeper engagement with VIP consumers through exclusive, experience-led offerings and explore growth in offshore markets to offset stagnating demand

Previous News Articles
The Trend: Skintellectual Bodycare

News

The Trend: Skintellectual Bodycare

Bodycare is getting an upgrade, driven by consumer demand for science-backed, active and ingredient-led products and treatments that contribute to ...
Beauty : Skincare : Longevity
The Big Idea: India’s Beauty Playground

News

The Big Idea: India’s Beauty Playground

To tap into India’s booming beauty market, global and local brands are using skincare-infused make-up, men’s grooming innovations and localised mar...
Beauty : Retail : Indian Beauty Market
The Campaign: Colgate champions smile diversity with The Beauty of Gaps campaign

News

The Campaign: Colgate champions smile diversity with The Beauty of Gaps campaign

Colgate is challenging beauty standards and celebrating smile diversity with its latest campaign, My Smile is My Superpower.
Beauty : Diversity : Health And Wellness
The Viewpoint: Embracing True-Age Beauty in China

News

The Viewpoint: Embracing True-Age Beauty in China

Sue Kyung Lee, global CEO of beauty brand SK-II, tells LS:N Global why its recent ad campaign in China sparked passionate discussions about how wom...
Beauty : China : Ageing
The Space: Liberty's Fragrance Lounge

News

The Space: Liberty's Fragrance Lounge

On 15 March 2024, luxury department store Liberty opened The Fragrance Lounge, its new innovative space redefining how scents are discovered a...
Beauty : Retail : Fragrance
Download the Future Forecast 2025 report

News

Download the Future Forecast 2025 report

Now that you know what shaped 2024, discover what’s on the horizon. Download our Future Forecast 2025 report comprising 50 new trends across 10 key...
Future Forecast
The Trend: AI Edu-play-tion

News

The Trend: AI Edu-play-tion

In our AI Edu-play-tion microtrend report, we talk to the innovators using generative artificial intelligence to re-imagine screen-free educational...
Technology : AI Education : Gen Alpha
The Big Idea: Five brands shaping the future of voice-activated AI wearables

News

The Big Idea: Five brands shaping the future of voice-activated AI wearables

A significant shift towards touchless devices is playing out in the technology industry, driven by increased commercialisation and accessibility of...
Technology : Voice-Activated AI : Wearable Tech Innovations
The Campaign: Camdom is the world’s first digital condom for safer intimacy

News

The Campaign: Camdom is the world’s first digital condom for safer intimacy

This Sexual Health Awareness Month (September 2024), condom brand Billy Boy and creative agency Innocean Berlin unveiled Camdom, an app that acts a...
Technology : Camdom App : Digital Condom
The Viewpoint: How to master AI

News

The Viewpoint: How to master AI

AI was on everyone’s lips in 2023 as the curiosity about large language models – from individuals and businesses – grew significantly.
Technology : AI Adoption : Mastering AI
You have 2 free News articles remaining. Sign up to LS:N Global to get unlimited access to all articles.
BECOME A MEMBER
SIGN IN