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Deep dive: What social commerce looks like around the world

Inside Retail

Social commerce – shopping on social media platforms – is expected to reach US$1.2 It is growing three times faster than traditional e-commerce. McKinsey & Co stated in mid-2022 that social commerce comprised more than 13 per cent of China’s total e-commerce sales. trillion ($1.9

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6 Paid Social Trends to Be Aware of in 2024

Retail TouchPoints

As 2024 advances, the importance and reach of paid social media advertising will only continue to grow. Social commerce value will keep on growing. The value of social commerce continues to grow rapidly and is shaping the future of online retail. trillion by 2026, more than doubling its current value.

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Walmart Hopes to Make TikTok a ‘Discovery Opportunity’ and Improve Social Commerce Shipping Speeds

Retail TouchPoints

“If you’re watching a TikTok video and somebody’s got a piece of apparel or an item on it that you really like, what if you could just quickly purchase that item?” The retail giant also is in talks with TikTok owner ByteDance regarding ways to make social commerce easier and more appealing for U.S. said McMillon. shoppers.

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Analysis: The many faces of social commerce in China

Inside Retail

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.

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Shein Picks Amazon’s Backyard for New U.S. Fulfillment Hub

Retail TouchPoints

The rise of discount apps like Shein and burgeoning social commerce efforts like TikTok’s Shop are a threat to Amazon’s ecommerce dominance , one it is working to mitigate. None of that is stopping Shein though, which in late 2023 confidentially filed to go public.

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Walmart to Host First-Ever Shoppable Livestream on Twitter

Retail TouchPoints

Twitter is a bit late to the live shopping party — TikTok , Facebook , Instagram , Pinterest and YouTube all have rolled out a range of video commerce capabilities — but they are certainly starting with a bang, and with a social commerce veteran at that. in a blog post announcing the Twitter livestream.

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Fred Segal Enters Metaverse With Launch of the Artcade In-Store Retail Experience

Retail TouchPoints

The collaboration includes curated merchandise, collectibles, limited-edition apparel and gaming hardware, as well as virtual goods and digital skins that can be purchased in-store or in the Metaverse via cryptocurrency.

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