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Amazon’s vast marketplace, combined with its rapid fulfillment and Prime business, effectively calcified its position. ecommerce market with TikTok Shops, delivering the most complete socialcommerce experience to date. million products to its catalog daily, compared to 35,000 products a year for the fastfashion retailer Zara.
Despite the controversies, the fast-fashion brand has been named one of Gen Z’s favorite brands and one of the fashion industry’s most popular brands. Third-party suppliers then access these demand metrics through the system and let the brand know whether they have the capacity to fulfill that demand for production.
Temu alleged that Shein had “engaged in a campaign of threats, intimidation, false assertions of infringement, attempts to impose baseless punitive fines and has forced exclusive dealing arrangements” with the clothing manufacturers that both apps rely on for their ultra-fastfashion offerings.
The latter had always been based on a marketplace model, and Shein added a marketplace in May to expand its reach beyond fastfashion. Among the biggest challengers were Chinese-based discount shopping apps Shein and Temu.
In this episode we cover: Amazon Q4 Earnings Walmart Q4 Earnings US Department of Commerce Q4 e-commerce data Discussion of Temu and other SocialCommerce News Don’t forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Jason: [33:04] The for Sheehan.
We also discuss the latest news (and controversies) around Facebook and TikTok pulling back from some socialcommerce initiatives (and pressing forward with others). 31:44] Socialcommerce still has a bunch of avenues like live streaming does not appear to be a high volume one in the US and then later in the month.
Goodwillfinds.com is an e-commerce site, which sells previously owned merchandise, which has been donated to Goodwill. We cover many of the tactical challenges (onboarding SKUs, product content, fulfillment, and curation), as well as the opportunities of this new “CircularCommerce” space.
Footprints where they house a bunch of these dsps Under One Roof and then they for deploy a lot of that days things to be delivered into that out of a fulfillment center and then the the dsps just line up and deliver that stuff so it’s been really interesting to watch them build that, so I would count that one as a win.
No Shopify launches an ad product such as a retail media network Yes Meta/Google/TikTok lose ad share to new social media platforms and retail media networks. For 2023, live streaming commerce, still not meaningful in the US. I think Shein is actually taking share from the fastfashion.
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