NEWS
5
min read time
September 3, 2023

Live Shopping Pioneer ELISA Rebrands as Sprii Amidst Surging UK Growth

John Lewis, ASOS, Charlotte Tilbury and other leading retailers embrace interactive livestream shopping.

Live Shopping Pioneer ELISA Rebrands as Sprii Amidst Surging UK Growth
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Aarhus, Denmark - ELISA, a pioneering live commerce platform, has today announced its rebranding to ‘Sprii’ as it continues its rapid expansion in the thriving UK market.  

With leading retailers like John Lewis, ASOS, Charlotte Tilbury and Boots all leveraging innovative Live Shopping solutions, Sprii is establishing itself as a leader in accelerating the live shopping space in the UK.

According to new research, 25% of UK consumers have already made a purchase while watching a livestream. Moreover, the UK live commerce sector is projected to reach £6 billion by 2025 as adoption continues rising steeply.

With its rebranding and expanded services, Sprii aims to become synonymous with powering this digital transformation through interactive, entertaining, and shoppable live video. The company's ambitious goal is to spearhead live shopping's expansion and help retailers of all sizes capitalize on this huge opportunity.

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"As online shopping grows, customers miss the personal touch of physical stores. Live shopping blends the digital and physical through real-time interactions and relationships," said Christian Vester, CEO of Sprii. "With our rebranding and relentless focus on innovation, we are committed to being at the forefront of the live commerce revolution."

Christian Vester, the 32 year old CEO of Sprii

Sprii’s live video platform and solutions make it easy for any retailer to deliver engaging, interactive live shopping events across websites, mobile apps, and social channels. Through creative livestreams, brands can showcase products, answer questions, foster communities, and drive sales.

Already, Sprii has facilitated over 31,000 live shopping events and nearly £97 million in sales globally. Now with its comprehensive suite of live video commerce solutions and services, Sprii empowers retailers to customize shoppable livestreams matching their brand.

"The ability to personally engage customers while showcasing products is a game-changer," Vester continued. "In the UK and beyond, Sprii will continue leading the way in transforming digital retail through the power of live shopping."  

About Sprii

Sprii (formerly ELISA) is the premier live shopping technology company, providing an end-to-end solution for businesses to stream shoppable videos across digital channels. Headquartered in Aarhus, Denmark, Sprii powers immersive brand experiences through livestream shopping. Read more about Sprii.

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Sprii in Action

During a Live Shopping event, Sprii automatically replies to comments, creates orders for your customers, sends them a link to their basket, and handles payment and shipping.

5. Create hype & excitement during your events

The beauty of Live Shopping is that it can be used in so many ways. This is particularly valuable during Black Friday and Cyber Monday when businesses are looking to engage their viewers in as many ways as possible.

Here are 3 ways to create hype and get customers excited about your Black Friday events so you can achieve your revenue goals.

5. Create hype & excitement during your events

During Black Friday and Cyber Monday, potential customers often experience an intense pressure to participate in the shopping frenzy, driven by the fear that they will miss out on the best deals and discounts if they don't join in.

Live Shopping enables viewers to make purchases instantly while watching the stream, which can be especially effective during Black Friday and Cyber Monday when time-limited deals are available. This instant purchasing capability can drive sales during Live Shopping events.

With Live Shopping, consumers get the personal assistance of an in-store shopping experience and the convenience of being able to shop from the comfort of their own sofa or favorite coffee shop.

Viewers can get information from the retailer in real-time by asking questions directly in the Live Shopping event.

During a live show, viewers can ask questions and get answers in real-time. Even better, they can interact with each other and share their experiences with your products.

AspectTraditional E-Commerce JourneyLive Shopping Journey
Marketing ApproachHigh ad spend and several channels to attract shoppers to webshopLeveraging existing social media followers
NavigationRequires navigating through a static webshop to find products.Requires nothing more than watching a live video to discover new products.
Product PresentationProducts are presented through static images. Products are presented in a live video by engaging hosts.
Customer ExperienceFeels like a business transaction.Feels like a personal connection.
Engagement and InteractionLimited to static product descriptions, images, and occasional customer reviewsOffers real-time interaction between hosts and viewers, allowing for immediate Q&A, live demonstrations, and personalized recommendations
Customer ExperienceCustomers independently navigate the webshop and make purchase decisions without help.Customers are guided through products, receive helpful information, and can ask questions as well as see what others are writing and asking.
Conversion RatesRelies on well-designed websites and optimized marketing funnels to convert visitors into buyers.Often achieves higher conversion rates due to the sense of urgency and interactive nature of live events.
Customer Acquisition Cost (CAC)Higher CAC due to extensive marketing efforts across various channels.Typically lower CAC by leveraging social media followings and organic engagement during live events.
Return RatesHigher return rates due to customers not fully understanding the product before purchase.Lower return rates as live demonstrations provide a clearer understanding of the product, leading to more informed purchasing decisions.
Time to sellCan range from hours to weeks or even months. Often much quicker, ranging from minutes to hours.
Metric Traditional E-Commerce Live Shopping²
 Avg. Conversion Rate 2.5%³  Up to 60% (Sprii Data)
 Avg. View Time 54 seconds⁴ 20+ minutes (Sprii Data)
 Avg. Checkout Rate 45%⁵ 60% (Sprii Data)
 Avg. Return Rate 20-30%⁶ Under 10% (Sprii Data)
 Avg. Customer Acquisition Cost (CAC) +€50⁷ 0*
 Avg. Sales Cycle Hours, weeks, months Minutes