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and European retailers have observed – and, often, participated in – the social-commerce explosion happening in China and elsewhere in the Asia-Pacific region (APAC) while wondering if, when, and to what extent the same thing would happen at home. for every $1 spent on influencer marketing, one study found.
Amazon’s summer Prime Day sales event now serves to kickstart many retailers’ summertime sales and back-to-school marketing efforts, and is generally pivoting marketers’ planning calendars. And now, brand marketing teams wonder if the holiday marketing calendar has been elongated too.
Reflections on SocialCommerce PAN: While the future of TikTok in the U.S. is still uncertain, the impact of social channels overall on retail sales continues to explode, and thats not expected to stop. Influencers can amplify this problem by promoting products that may or may not be the genuine article.
billion ) annually to counterfeiting, equating to approximately 5% of all clothing sales in that market. Look at the value of seized items that are picked up by customs its in the hundreds of millions of dollars in particular markets, so theres a real impact of taking steps to fight it, said Ferdinand in an interview with Retail TouchPoints.
Theyve grown up with devices in hand, and social media is their base of operations. But reaching them requires more than flashy social campaigns or discounts theyre more resilient to being marketed to as well as ham-fisted attempts to study them. Retailers must reflect this diversity in their marketing.
In terms of performance marketing, a diversified channel mix and testing and trialling of new channels early will set you up for success in the long run. IR: The e-commerce landscape has changed dramatically in the last decade. What does a successful performance marketing strategy look like today?
High-profile fashion collaborations are nothing new, but does making luxury accessible and marketing it to a younger audience come at a cost? Bitmoji, is a platform subsidiary of social media platform Snapchat, and there are over 2.7 billion Bitmoji avatars globally. And in December, Valentino added new styles to the Bitmoji offering.
We wanted to ensure our Roblox update would create strong reach and impressions for our target youth market,” the Clarks marketing team said in a statement to Retail TouchPoints. Clarks has seen “incredible success” on the platform, according to the brand’s marketing team, generating the following results: 16.2+
Leveraging insights into their lifestyle, aspirations, and consumption patterns, retailers can position themselves for success in this evolving market. Socialcommerce will dominate By 2029, socialcommerce driven by platforms like TikTok and Instagram will account for a substantial share of Gen Zs purchases.
Getting this more granular perspective also can help you be more creative with your pricing, promotions and experiential strategies. Retailers are going to have to meet consumers in the middle and find even more ways to be strategic with their pricing and promotions. Question 2: Does it make sense for our brand to compete on price?
Creator-Guided CommerceSocialcommerce isn’t new, but Gen Z is pushing it into its next chapter: creator-guided buying. These creators are more than marketing channels; they are cultural translators who help brands meet Gen Z where they are, especially across platforms like TikTok, Instagram and YouTube.
For brands looking to level up their digital shelf strategy, it is important not only to understand where we are, but where the market is heading, to future proof for today and tomorrow. The appeal of socialcommerce lies in its ability to turn inspiration into action in just a few taps. More than 3.8
Western countries have long dominated ecommerce and digital marketing, yet China’s influence in these areas has been growing rapidly in recent years. Having the world’s largest domestic ecommerce market helps to achieve this lead. This market also is responsible for the world’s largest online shopping day.
Despite modestly positive expectations for 2024, the luxury retail market did not pan out as merchants had hoped. According to a 2024 report released by global management consulting firm Bain & Company, this market dropped two per cent from an all-time high of US$387 billion to US$381 billion.
Impact of singles economy on retail The singles economy is retails most significant market force. This move is more than just a trend, it indicates a fundamental market transformation. Retail is one of the markets most affected by the solo economy. This is especially evident in the food and beverage industry.
In the social landscape shaped by Gen Z and millennials, platforms like TikTok and Instagram serve not just as promotional tools, but as powerful engines of cultural creation that foster lucrative online communities. This form of participatory marketing is becoming essential.
In this article, I’ll explore the reasons behind this trust gap — especially when it comes to security and payment confidence — and share some thoughts about what retailers, social platforms and regulators must do to close it. Faster time-to-sale : Ideal for one-off items, promotions or spontaneous “DM to buy” moments.
Omnichannel Innovation and SocialCommerce Omnichannel retailthe seamless integration of online and offline shoppingis set to become even more sophisticated by 2025. A significant driver of this evolution is the rise of socialcommerce , where social media platforms double as shopping destinations.
But even now, with the platform’s existence more precarious than ever, it continues to expand its user base, cultural influence and status as a marketing and commerce powerhouse. Retail TouchPoints: What makes TikTok such a powerful platform, both for consumers and marketers? has hung in the balance. based owner.
I visit them, and we text about what’s hot in the market, what new colorways they’re seeing. RTP: Have you invested in paid marketing and advertising to grow the brand, or would you attribute most of the Bogg Bag’s success to organic community building? Vaccarella: Organic social has been key. This is just the beginning!
and jurisdictions where expansion in the next five years is likely: Trademark protection is jurisdictional, so knowing where your key markets are now and will be in the next five years will help to inform your filing strategy and provide opportunities to leverage international treaties to lower the costs of trademark protection.
Effective Marketing Strategies: Utilizing diverse digital marketing tactics, including SEO, email campaigns, and social media engagement, is crucial for attracting and retaining customers. It’s about understanding your audience, mastering marketing strategies, and creating an exceptional shopping experience.
They say location is everything in retail, and so American Eagle is leveraging Snap Map — the Snapchat map program — to promote its physical locations while also providing “Snapchatters” with a mobile shopping experience on its website. More than 800 American Eagle stores are now featured as Promoted Places on Snap Maps.
What began as a Gen Z playground for dance challenges has matured into a global trend machine with direct purchase influence, and it’s reshaping how retailers think about product, placement and promotion. TikTok’s impact on retail is no longer speculative – it’s commercial. Let’s start with the power of virality. The retailer’s response?
These include the ability for retailers to showcase promotions like free shipping, sitewide sales and buy one, get one offers , as well as the Deal ad module, whichmakes ads with special offers more visible to users via a carousel format.
The power of social media influencers is impossible to ignore in today’s digital age, with over half of Gen Z using TikTok as their go-to search engine and main source for shopping inspiration, largely because of the visual format of its results. This presents a major opportunity for retailers.
We live in an attention economy, said Justin Breton, Head of Brand Marketing Innovation at Walmart in an interview with Retail TouchPoints. The next generation of consumer is scrolling on social platforms, they’re binge-watching on streaming platforms, theyre spending their time playing games Minecraft, Roblox, Fortnite, Spatial.
Livestream shopping is a form of e-commerce where products are promoted and sold through live video broadcasts, typically on social media or e-commerce platforms. As reported by analytics firm Statista , livestreaming e-commerce generated nearly $682.5 trillion (8.16 trillion yuan) by 2026.
Chinese consumers are now adjusting to a “new normal” in response to evolving market conditions, prompting businesses to rethink their strategies. For clothing and beauty, traditional e-commerce platforms (Tmall, JD.com) lead due to convenience, competitive pricing, and extensive product variety. .”
Gartner Marketing Practice senior director analyst Matt Moorut notes there is a desire among younger shoppers to shop sustainably. Moorut explains that retailers ultimately need to get better at promoting their sustainability credentials when they invest to establish them. Social shopping 2.0
We’ve learned that our customers are eager to receive unique perks, which is why True Rewards goes beyond offering promotional discounts,” said Kristen D’Arcy, Chief Marketing Officer of True Religion in a statement. “We This is why the brand is leaning heavily into experiential moments that money can’t buy.
The German discounter’s involvement on TikTok Shop raises the question of whether the shopping channel could become a new route to market for the industry can the content platform move from viral recipes to a full grocery basket, and should more grocers jump on the bandwagon?
Modern betting apps offer features such as in-play wagering, live streaming, and personalised promotions, attracting a growing user base. The online sports betting market in the UK is projected to reach $53.78 The convenience and accessibility of online sports betting sites have significantly contributed to this shift.
Brands recognise that samples dont just serve as one-off promotions theyre an important part of a customers path to purchase. The influencer marketing boom has had a profound impact on digital sampling. Instead of discovering a product on a shelf, fans now encounter product samples directly through their social media feeds.
BLCK is offering brands the choice of three exclusive tiers: BLCK Members: Marketplace listing, streaming discovery, analytics access ( $995 /year); BLCK VIP: Members’ tier benefits, plus full five- minute show, plus promotional ad ( $5,000 one-time cost); BLCK Diamond: VIP benefits, plus featured homepage placement, prime-time air slots, trending (..)
Instagram now favours Reels, and TikTok simply makes virality a lottery, with seemingly no best-practice plan in place for marketers to follow. Global marketing research firm NielsenIQ found that omnichannel shoppers deliver 30 per cent higher lifetime value than DTC-only customers. This isn’t an abandonment of DTC.
As it has for several years , the resale market continues to grow and the current headwinds other retailers are facing in this moment of economic chaos may actually act as tailwinds for the continued growth of resale. Global secondhand market sales by region. All of those things have changed the way that we market to consumers.
In the end, we identified several trends shaping retail technology as the market continues to face a rapidly evolving landscape, intense global competition, faster product development cycles and demanding consumer expectations. Digital strategies reduce technology costs and enhance competitive positioning.
Impact on Marketing Strategy: These updates can significantly boost marketing efforts through enhanced content creation tools and effective customer interaction, leading to better brand awareness. Significance of Product Drops Product drops on Twitter signify a shift in social media strategy. trillion by 2025. trillion by 2025.
An immense passion for outdoor sports and strategically accelerating brands drew Moore to the Salomon business, where he is now leading its next phase of growth within the ANZ market. He attributes this new positioning to driving the huge growth of the brand in the Australian and New Zealand markets.
Socialcommerce has quickly grown from a revolutionary idea to a mainstream concept, and the channel is expected to continue expanding to reach $1.2 The foundational lesson is that, while socialcommerce can be an outgrowth of a retailer’s traditional social media interactions, it’s both more time-sensitive and more time-consuming.
Socialcommerce 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. The Physical Store and SocialCommerce Can Enhance Each Other.
The ever-evolving roster of socialcommerce capabilities on the world’s top platforms can be dizzying, with vast disparities between what is possible from one app to another and each platform fighting to keep up — both with consumers’ expectations and each other. Meta Showcases SocialCommerce Successes.
Recent headlines about Meta ’s Instagram and Facebook doing away with shopping features on their platforms might appear to be a retreat in the socialcommerce wars. Socialcommerce sales in the U.S. Socialcommerce sales in the U.S. social network ad spending forecast by $16.21 billion.
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