The trend: Livestream shopping is gaining momentum.
Zooming in: Broken down by demographics, 61% of consumers under 55 are interested in livestream shopping, according to an Agora survey. And VTEX found that Gen Z and millennials are the most active participants. Those findings have led several brands to invest in the channel.
Our take: While livestream shopping was slow to catch on in the US, it is starting to find a foothold with consumers. Although the channel is unlikely to reach the scale of China—where we expect it to account for 25.4% of all ecommerce sales this year—it is beginning to emerge as a viable tool retailers can use to appeal to younger consumers.
First Published on Sep 18, 2024