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Social Shopping Platforms

Verishop Launched a New Video Shopping Feature Named "Shop Party"

— December 28, 2020 — Tech
Verishop, the socially-oriented shopping platform, released a new video shopping feature named “Shop Part" that was announced on December 15, through a press release.

The new video shopping feature allows up to five users to join and shop simultaneously. Users in the same party will also have the ability to share screens with their friends and see other carts, however no personal information like sizes or prices will be displayed. Additionally “Shop Party” users will have the ability to favourite different items in their friend's cart. The video shopping platform can also be used by brand partners, industry experts, or stylists.

On top of the new service, Verishop also created faster checkouts, free shipping, free returns, price guarantees and 24-hour customer service.

Image Credit: Verishop
Trend Themes
1. Social Shopping - Disruptive innovation opportunity: Develop video shopping features that allow multiple users to shop and share screens simultaneously, enhancing the social shopping experience.
2. Video Shopping - Disruptive innovation opportunity: Build video shopping platforms that enable users to join shopping parties, interact with friends' carts, and add items to their favorites, revolutionizing online shopping.
3. Enhanced E-commerce Services - Disruptive innovation opportunity: Integrate faster checkouts, free shipping, free returns, price guarantees, and 24-hour customer service into online shopping platforms, delivering a seamless and customer-centric experience.
Industry Implications
1. E-commerce - Disruptive innovation opportunity: Incorporate video shopping features into e-commerce platforms, transforming how customers interact and shop online.
2. Retail Technology - Disruptive innovation opportunity: Develop innovative tools and solutions for video shopping, enhancing the capabilities of retailers and expanding their engagement with customers.
3. Customer Service - Disruptive innovation opportunity: Implement 24-hour customer service and seamless returns/exchanges processes in various industries, establishing a competitive advantage and customer loyalty.
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