The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
On Oct. 1, Facebook is shutting down its live shopping feature, according to a statement by Meta. Users will no longer be able to host shopping events on the site, create product tags or playlists in videos. Instead, Meta will focus on its short-form video product, Reels, citing shifting viewer behaviours.
The announcement comes after Kylie Jenner and Kim Kardashian, who together wield over 680 million followers on Meta-owned Instagram reposted a critique of the app’s redesign, which shifted its algorithm to prioritise short-form videos and content suggestions from accounts users aren’t already following. “Stop trying to be TikTok,” the post read, prompting a response from Instagram chief executive Adam Mosseri explaining the strategy and Instagram’s plan to continue to prioritise video and discovery
Learn more:
Who Is Actually Livestream Shopping?
Live selling via streaming video is a smashing success in China but has yet to catch on with consumers in Europe and the US due to several pain points.
Joan Kennedy is Editorial Associate at The Business of Fashion. She is based in New York and covers beauty and marketing.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.
Brands are using them for design tasks, in their marketing, on their e-commerce sites and in augmented-reality experiences such as virtual try-on, with more applications still emerging.