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  • THE RETAIL WRAP: 19th August

THE RETAIL WRAP: 19th August

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Join the Retail Wrap to discover the latest news and happenings from throughout the diverse retail and design industries. 

 

From e-commerce and high street brands to inspirational and trending topics, our weekly series will bring you up to speed on the latest hot topics from across retail, lifestyle and design; covering everything from retailer updates, changes in purchasing behaviour, inspirational case studies, and the latest trends.

 

Whilst TikTok announces their new shopping experience for users and with new research of wholesalers and retailers thriving after the pandemic, discover this week's latest topics in retail.

 

TikTok announces ‘next chapter of commerce’ on its platform

Social media platform TikTok has announced the ‘next chapter of commerce on TikTok’ which includes its new Shopping Ads feature. The move comes as TikTok hopes to ‘help brands maximise the ecommerce potential of the platform.’

The company claims that advertisers will be able to build ‘exciting’ and ‘entertaining’ shopping experiences for their communities, wherever they are in the buying journey.

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Wholesale and retail businesses “most successful” after pandemic

New research has revealed that the wholesale industry prospered the most post-pandemic when compared with other industries studied, while businesses in retail were found to be the next most successful.

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ThredUp debuts resources to support Gen Z hooked on fast fashion

Today thredUp releases its Gen Z Fashion Report which analyzes the often contradictory behavior of Gen Z consumers. The cohort professes concern about the environment but its members are also the largest consumers of fast fashion. They express a desire to replace their fast fashion shopping with more sustainable habits yet social pressures stall their progress.

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The one-stop-ecommerce-shop: how Klarna is striving for ‘super-app’ status

After a difficult period for Klarna, laying off 10% of its global workforce and grappling with ongoing criticism of the BNPL model, the company is moving beyond financial services in a bid to become a one-stop-shop ecommerce app.

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Irish indies shrug off recession fears in heatwave

Independents have told Drapers that customers are paying little mind to economic woes right now, even as some owners take a cautious approach to orders.

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Written by Yasemin Baytas
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Written by Yasemin Baytas

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