TikTok Shop, Shein, and Temu won the 2024 holiday spending

Jan 6, 2025 · TikTok Shop, Shein, and Temu won the holidays in 2024. Download full 2024 holiday spending report. Jan 6, 2025. Contact Sales for details. Consumer spending grew …

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TikTok Shop, Shein, And Temu Won The Holidays In 2024

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Consumer spending grew 2.5% YoY during the 2024 holiday season according to Earnest credit card data. This marks an acceleration from 2023, which grew 1.5% YoY. Neither growth figure …

newsbreak.com

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How TikTok, Temu And Shein Will Win The Holidays - Forbes

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Nov 11, 2024 · This holiday season, purchases on TikTok, Shein, AliExpress and Temu could be as high as about $160 billion in global ecommerce revenue outside of China according to …

forbes.com

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Holiday Spending Is Flat So Far In 2024, TikTok Shop Pulls Ahead

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Dec 9, 2024 · TikTok Shop, Shein, and Temu still winning. Chinese ecommerce brands continued to outperform other retailers this holiday season. TikTok Shop sales grew 225.9% YoY in the …

earnestanalytics.com

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Shein, Temu Shopping For Holiday Gifts? You're Not The Only One ...

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Dec 1, 2024 · Neville, 46, estimates she spends at least $75 a month on products from Shein. A $2 eggshell opener, a portable apple peeler and an apple corer - both costing less than $5 - …

washingtontimes.com

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Temu Customer Count Falls From January As Shein, TikTok Shop Grow

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Sep 17, 2024 · Around 25% fewer shoppers transacted on the Temu platform in August 2024 compared to January 2024, according to Earnest credit card data. ... Shein and social media …

earnestanalytics.com

FAQs about TikTok Shop, Shein, and Temu won the 2024 holiday spending Coupon?

Are TikTok shop and Temu spending more on Christmas?

Sign In The insight: Temu, Shein, and TikTok Shop are scooping up a greater share of holiday spending this year—at the expense of Amazon, Target, and Best Buy. TikTok Shop’s sales are up a whopping 225.9% YoY for the period between November 1 and December 4, per Earnest Analytics. ...

Are Temu & Shein transforming holiday shopping?

Online retail rivals Shein and Temu are transforming holiday shopping and challenging U.S. retailers by redefining consumer habits and turning holiday gifting into a colorful frenzy of bargains and impulsive clicks. ...

Why are Temu & Shein so popular this holiday season?

Their momentum this holiday season is in part due to their growing influence on toy sales: Temu told Reuters that toys were a top-performing category this Cyber Five, while a Shein spokesperson said the platform’s toy sales have increased by double digits this year. ...

How much do holiday shoppers spend on Shein & Temu?

As holiday shoppers are increasingly flocking to Shein and Temu for everything from stocking stuffers to statement furniture, the retail landscape continues to bring more dynamics. For Lisa Xiaoli Neville, a Los Angeles nonprofit manager, who spoke to the Associated Press, she estimates she spends at least $75 a month on products from Shein. ...

Does TikTok Shop's pending ban affect ecommerce growth?

TikTok Shop outpaced the two retailers significantly, with $100 million in sales on Black Friday alone—a sign that the app’s pending ban is having little effect on its ecommerce growth. ...

How did TikTok shop's sales perform during Black Friday?

TikTok Shop’s sales are up a whopping 225.9% YoY for the period between November 1 and December 4, per Earnest Analytics. Shein’s and Temu’s sales rose 20.5% YoY and 18.5%, respectively, in the same period. Amazon’s sales fell 0.5% YoY in that time, despite the retailer’s best Black Friday performance on record. ...