The Future Of Retail In The TikTok Era

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The Future Of Retail In The TikTok Era
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  • 📰 ForbesWomen
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During the fourth quarter of 2021, TikTok reached a total user spending of 824 million U.S. dollars on Google Play and the App Store. So how is this social media platform impacting the retail industry? Let’s take a look at the future of retail in the TikTok era.

As the popularity of these videos has grown significantly, brands have had to navigate how they ensure their brand image and standards are met while allowing influencers to create authentic content in their own personal voice and style. It has also given smaller brands a fighting chance at organic social media marketing and has become one of the most influential social platforms.

“Retailers and brands need to reach the right consumers at the right time in the right place, and the reality is that over 80 million US consumers are actively on TikTok.

It’s clear that younger users gravitate towards this short-form video content as the majority of content creators on the app are Millennials and Gen Z. And these two generations make up almost 53% of creators. “On TikTok, people are proactively searching for categories that interest them, and celebrating when they do passively discover something cool or weird with the hashtag #tiktokmademebuyit. And when these consumers find something they like, they are not just scrolling past, they're laughing, singing, seriously engaging, and participating. The opportunity for retailers and brands is to entertain consumers. To participate with them. In the world of live retail, we call it retail-tainment.

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