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
Cannes Lions 2025: Unshittifying the customer experience and the future of Duolingo

News

Cannes Lions 2025: Unshittifying the customer experience and the future of Duolingo

The 72nd edition of Cannes Lions marks a return to the French Riviera with a programme featuring major names in marketing and branding. LS:N Global...
Pop Culture & Media : Global Events : Cannes Lion 2025
Gen Z reverse the gender pay gap

News

Gen Z reverse the gender pay gap

A subtle but significant shift is emerging among young men and women in the UK.
Gen Z : Gender : Gender Pay Gap
Stat: US gamers turn to esports to boost athletic performance

News

Stat: US gamers turn to esports to boost athletic performance

New findings from the Entertainment Software Association (ESA) reveal that 205.1m Americans aged 5–90 are regular gamers, with 60% of US adults eng...
Gaming : Stat : Statistic
Brazil pilots world-first data wallet to let citizens profit from digital footprint

News

Brazil pilots world-first data wallet to let citizens profit from digital footprint

Brazil is launching a groundbreaking pilot that could transform personal data into a national asset. The dWallet initiative means that citizens can...
Technology : Data : FinTech
Stat: Gen Z is prioritising climate-conscious careers

News

Stat: Gen Z is prioritising climate-conscious careers

A new survey by Capgemini and UNICEF reveals the extent to which climate concerns are shaping young people’s career ambitions.
Nature : Work : Sustainability
Viva Technology 2025: AI client relationships, algorithmic dating futures and the new creator economy

News

Viva Technology 2025: AI client relationships, algorithmic dating futures and the new creator economy

On day three of Viva Technology in Paris, brand leaders gathered at the CMO Summit to explore how human insight and intelligent technology are resh...
Technology : Global Events : Viva Tech 2025
Viva Technology 2025: Personalised agency, circular retail and regulatory momentum

News

Viva Technology 2025: Personalised agency, circular retail and regulatory momentum

On day two of Viva Technology in Paris, the spotlight turned to the potential of personalised health data and the policies driving circular innovat...
Technology : Global Events : Viva Tech 2025
Foresight Friday: Alice Crossley, senior foresight analyst

News

Foresight Friday: Alice Crossley, senior foresight analyst

Every Friday, we offer an end-of-week wrap-up of the topics, issues, ideas and virals we’re all talking about. This week, senior foresight ana...
Foresight Friday : Time : Friction
Stat: Beauty industry faces slower growth amid shifting consumer landscape

News

Stat: Beauty industry faces slower growth amid shifting consumer landscape

The global beauty industry, valued at £325bn ($441bn, €382bn), is entering a period of slower growth and is projected to expand by 5% annually unti...
Beauty : Luxury : Economy
Viva Technology 2025: AI in healthcare, building resilient cities and phygital fashion experiences

News

Viva Technology 2025: AI in healthcare, building resilient cities and phygital fashion experiences

As Viva Technology 2025 opened in Paris, speakers explored how technology can be used to address and help solve global challenges in healthcare, tr...
Technology : Global Events : Viva Tech 2025
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