Inside Retail

JANUARY 16, 2022

During periods of lockdown, social media emerged as a key form of communication, opening an opportunity for retailers to accelerate the development of social commerce in the APAC region. China continues to lead the world in social commerce. This growth was largely driven by Covid-19.

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Social Commerce Beauty and Health Payment Services Accounting 130

Inside Retail

JULY 26, 2021

With borders shut daigous and P2P accounts on Taobao have anchored into selling us everything from apparel to infant milk formula. China apparel brand Peacebird has mobilized employees to push out promotions to their social circles. The post Analysis: The many faces of social commerce in China appeared first on Inside Retail.

Social Commerce 130

Social Commerce Advertising Apparel Accounting 130

Independent Retailer

FEBRUARY 15, 2022

Social commerce is a subset of ecommerce, and harnesses the purchasing power of young customers on innovative new retail platforms. In 2021, social commerce sales increased by over 35 percent, totaling a spend of over $36 billion, still only 10 percent of what the Chinese market will spend. . trillion in 2022.

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Social Commerce Payment Services Marketing Fulfillment 83

Retail TouchPoints

NOVEMBER 13, 2023

Meta and Amazon have quietly debuted a new closed-loop social commerce experience that allows Facebook and Instagram users to link their social media accounts to Amazon so they can make purchases directly in-platform. You can check out with Amazon without leaving Facebook or Instagram, and experience more relevant ads.”

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Social Commerce Merchant Services Accounting Checkout 270

Inside Retail

NOVEMBER 28, 2022

This year, over 102 million people will buy via social platforms in the US alone and by 2025, global sales via social commerce will exceed US$1.2 Among consumers – and not just Millennials – social commerce is gaining significant traction, growing three times as fast as overall e-commerce.

Social Commerce 130

Social Commerce Merchant Services Payment Services Fulfillment 130

Retail TouchPoints

AUGUST 3, 2022

Prisma Ventures will partner with early-stage startups, primarily those in the Seed or Series A funding rounds, in four key areas: Personalized and data-driven technology; AR, VR and the metaverse; Technology-powered custom beauty products and in-store services; and Social commerce.

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Social Commerce Accounting Marketing Planning 283

Retail TouchPoints

SEPTEMBER 14, 2022

Unfortunately that ancient (1989) bit of cinematic wisdom hasn’t exactly held true in the modern field of social media, where platforms including TikTok , Facebook and Instagram are increasingly pulling back on social commerce initiatives that have failed to attract enough of the right players. is livestream shopping.

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Social Commerce Shopping Advertising Consumer 267

Inside Retail

MARCH 20, 2024

China is the world’s largest retail market, accounting for almost 50 per cent of global retail transactions. Estimates suggest China’s social commerce market enjoyed a 40.25 China’s e-commerce market, worth $1.9 It was valued at $3.8 trillion in 2022 and grew at a CAGR of 8 per cent from 2017 to 2022.

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Retail Marketing Marketing Social Commerce Consumer 130

Retail TouchPoints

OCTOBER 10, 2023

eMarketer expects retail mobile commerce sales to account for 43.4% In 2024, mobile commerce sales are expected to hit $534.18 That’s due to the growing complexity of how traffic gets routed to mobile apps, whether that’s via social commerce, affiliate links, influencer content, CRM marketing or some other means.

Payment Services 245

Payment Services Social Commerce Accounting Customer Experience 245

Retail Dive

MAY 18, 2022

Instagram celebrates 1 million followers on its Shop account as the social commerce industry is expected to grow.

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Social Commerce Shopping Accounting 108

Inside Retail

APRIL 4, 2024

The ability to purchase products and services from social media platforms is now essential, with 59 per cent of consumers likely to make online purchases from international merchants through social media platforms. Consumers in Australia’s key markets of China, Hong Kong and Singapore were especially inclined to use social commerce.

Merchant Services 130

Merchant Services Payment Services Social Commerce Checkout 130

Retail TouchPoints

AUGUST 8, 2023

Other blockers to potential sales include technical issues or discount codes not working (19%) and being forced to create an account with a retailer or brand to continue with the purchase (18%). Social commerce, while still a newer concept for many, is expected to reach nearly $3.4

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Social Commerce Consumer Shopping Accounting 228

Retail TouchPoints

AUGUST 1, 2022

“It’s interesting that TikTok has allowed a ‘capital C’ corporation to be involved, but I think it stems from the fact that Barnes & Noble was the very first retailer to identify that #BookTok was a driving factor in book sales ,” said Jessica Brigman, Senior Account Executive at The Walt Disney Co. ’s Merchandising the #BookTok Movement.

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Social Commerce Accounting Marketing Planning 263

Inside Retail

JULY 29, 2021

AuMake ’s work transforming its business from a physical daigou chain to an influencer-led social commerce marketplace has continued to weigh on its short-term results, with a revenue figure of $2.6 Through our new platform, anyone with a WeChat account can be an influencer and effectively act as a sales agent for the brands.

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Operating Expenses Social Commerce Target Market Accounting 130

Retail TouchPoints

SEPTEMBER 2, 2021

A retailX panel of social media and influencer experts had a candid conversation about how influencers are driving the maturity of social commerce, which is expected to reach $36.09 Before rising in the influencer ranks with her account @NYCfitfam, she had approximately 20 years’ experience in public relations. “I

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Social Commerce Accounting Marketing Planning 266

Inside Retail

JANUARY 14, 2024

The Iconic is the latest victim of ‘credential stuffing,’ a scam that resulted in customer accounts being used to place fraudulent orders, some totaling thousands of dollars, dating back to November last year. Deep fakes were once a futuristic concept that was seen to be concerning, but more for entertainment purposes.

Payment Services 260

Payment Services Accounting Advertising Shopping 260

Inside Retail

APRIL 27, 2021

In a statement, Gucci – the profit engine of French group Kering – and Facebook alleged the unidentified defendant used multiple Facebook and Instagram accounts to promote her international online counterfeit business. million counterfeit products, and 45,000 websites, including social media accounts, being disabled.

Social Commerce 130

Social Commerce Accounting Promotions Marketing 130

Inside Retail

APRIL 27, 2021

In a statement, Gucci – the profit engine of French group Kering – and Facebook alleged the unidentified defendant used multiple Facebook and Instagram accounts to promote her international online counterfeit business. million counterfeit products, and 45,000 websites, including social media accounts, being disabled.

Social Commerce 130

Social Commerce Accounting Promotions Marketing 130

Retail TouchPoints

JUNE 22, 2022

Shopify has launched a number of new integrations aimed at helping retailers meet shoppers wherever they are — across social media, stores and in-person events.

Merchant Services 273

Merchant Services Payment Services Social Commerce Shopping 273

Retail TouchPoints

JUNE 3, 2022

Enter social commerce. What is Social Commerce? According to Accenture , social commerce is “the integration of social experiences and ecommerce transactions in a single path to purchase, enabled by a single platform.” The Explosion of Social Commerce. In the U.S.,

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Social Commerce Accounting Consumer Customer Experience 274

Retail TouchPoints

FEBRUARY 23, 2022

The issue with this is that both retailers and customers have to have accounts set up in the same exchange platform. There are already a few platforms that accept crypto payments, including Bitpay and Coinbase. But for now there are very few alternatives that aren’t third-party hybrid providers.

Payment Services 327

Payment Services Checkout Telecommunications Social Commerce 327

Retail TouchPoints

JULY 6, 2021

Social commerce is a relatively new medium, but as retailers and social media platforms alike explore possible use cases and applications, it will significantly shape how both shoppers and businesses spend their time and money. However, this doesn’t mean that the existing social media playbook needs to be completely rewritten.

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Social Commerce Shopping Consumer Accounting 252

Retail TouchPoints

SEPTEMBER 14, 2023

Via the dashboard, brands can: Access basic notifications such as a disconnected Instagram account; View social metrics like reach, impressions and engagement; Evaluate sales, conversions and number of affiliates in progress; and Obtain a real-time daily snapshot of campaign performance to improve decision-making.

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Accounting Marketing Social Commerce 249

Inside Retail

JANUARY 10, 2024

A new GenAI search experience, which is live on iOS for all customers within the latest version of its app, is now available for all customers who are logged into their Walmart account. It’s essentially a ‘Virtual Try-On’ service that becomes a social experience. There is also a new AR feature called ‘Shop With Friends’.

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Shopping Payment Services Social Commerce Checkout 262

Retail TouchPoints

JULY 12, 2021

The new funding is a major vote of confidence in the potential of digital commerce in India, still a relatively nascent market. Brick-and-mortar dominates the retail scene, with ecommerce projected to account for just 7% of sales this year, up from 3% in 2017. billion population, but still with plenty of room for growth.

Wholesale 253

Wholesale Social Commerce Fashion Consumer 253

Retail TouchPoints

JULY 30, 2021

accounted for $5 billion of Alibaba’s total $74.1 of all social commerce sales this year. Account for the Scale and ‘Flash Sale’ Vibe of 11.11 And while you can’t just set up a Tmall account like you can an Amazon one, the platform is no longer invite-only. During last year’s 11-day 11.11 In fact, the U.S.

Merchant Services 278

Merchant Services Accounting Social Commerce Payment Services 278

Inside Retail

MARCH 29, 2022

We are at the forefront of innovation with social commerce, enhanced retailing and emerging retailing. In the last 12 months alone, that customer base’s social commerce spending has risen 50 per cent, from $10/month to $15/month. Interestingly, the 65+ demographic is particularly active on YouTube.

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Social Commerce Shopping Fulfillment Consumer 130

Retail TouchPoints

FEBRUARY 8, 2024

Generative AI tools offer huge opportunities, and we believe that it is both possible and necessary for these technologies to be developed in a transparent and accountable way,” said Clegg. These are early days for the spread of AI-generated content,” he said.

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Accounting Social Commerce Customer Experience ATS 302

Inside Retail

OCTOBER 5, 2021

The social-commerce app matches women with a contributor sharing a similar body type who can guide them on the best styles to suit their physical characteristics. More than 83,000 women from over 100 countries have downloaded the app, with the US, Australia, and the UK accounting for 70 per cent of users.

Fashion 246

Fashion Social Commerce Telecommunications Returns 246

Retail TouchPoints

OCTOBER 13, 2023

Ask questions: On its branded account, Bask prompts users with questions to get followers to chat and sharing their feedback. “If Engage with other accounts: “It’s a good idea to not just scream into the void,” Huffstetler said. As the brand has used the platform, it has uncovered a few key learnings of what works — and what doesn’t.

Accounting 274

Accounting Promotions Consumer Marketing 274

Inside Retail

MARCH 29, 2022

Social commerce, or purchasing products and services within social platforms, represented just 4 per cent of the US retail e-commerce market in 2021. Millennials’ and Gen Z’s reliance on social media and willingness to make in-app purchases are fuelling wider adoption – and a sort of transformation.

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Social Commerce Advertising Checkout Shopping 130

Retail TouchPoints

APRIL 21, 2021

Pinterest also is launching multi-feed support for Catalogs, a new feature that will help businesses easily upload their products in multiple product feeds within the same Pinterest Business account. Shopify merchants, as well as any retailer with a Pinterest business account, can now add up to 20 product feeds to their account.

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Marketing Accounting Advertising Consumer 316

Retail TouchPoints

MAY 6, 2021

2020 could easily be considered a breakout year for social commerce. Consumers reported spending 45% more time on social media in Q4 2020, and orders coming from social-referred channels (including paid ads and organic posts) grew by 50% year over year, according to data from Salesforce.

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Beauty and Health Accounting Social Commerce Advertising 156

365 Retail

MARCH 5, 2024

Social commerce – purchases made directly on social networks – may seem anecdotal to some, but it’s taking off and is expected to grow three times faster than traditional e-commerce, reaching $1.2 Selling directly on social networks, on the other hand, is more recent. trillion by 2025.

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Social Commerce Shipping Accounting Point of Sale 69

Retail TouchPoints

JUNE 7, 2021

The increase in social media usage, combined with a tandem increase in online purchasing, proved to be the push both consumers and brands needed to move into the burgeoning realm of social commerce. after Google, accounting for 25.2% Trust Plays a Big Role in Consumers’ Willingness to Shop on Social.

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Payment Services Social Commerce Consumer Advertising 221

Retail TouchPoints

JANUARY 24, 2023

Social shopping is becoming more and more popular given the surge in social media usage and the ease of completing a transaction without ever leaving the app. It’s no surprise that social commerce sales are expected to reach $45.74 billion in 2022. Based on November 2022 data, Twitter is No.

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Advertising Social Commerce Consumer Fulfillment 244

Inside Retail

MAY 1, 2022

With numerous options for online shopping, including marketplaces, brand/retailer websites and social media, consumers are more channel agnostic than ever. Plus, mobile allows them to be “always-on” and now accounts for 63 per cent of all online purchases. . Consideration phase.

Consumer 147

Consumer Checkout Social Commerce Shipping 147