Around this time last year, TikTok Shop emerged as a major ecommerce competitor in the U.S., even for giants like Amazon. (Though it feels longer given the way it’s taken over the algorithm.) Retail Insight Network even reported that TikTok Shop aims to reach $470B in e-commerce sales within five years. But the platform’s sudden dominance has forced some countries, like Indonesia, to introduce regulations that ban social media commerce to protect local markets. So, while Gen Z and Millennials have already been shopping their feeds through influencer affiliate links on the app—TikTok Shop is making “one click” shopping even...
8/28/24
Shopping and Retail Report
Gen Z and Millennials are omnichannel shoppers—they’re going between socials to brand website...
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