TikTok Shop Could Be the Biggest Fashion E-Com Story of 2024: Here’s Why

Is TikTok Shop poised to be the next big thing in e-commerce? Experts think so. TikTok Shop launched in the U.S. on Sept. 12, and while it’s still in its infancy, signs are pointing to a boom. According to a new report by The New Consumer and Coefficient Capital, U.S shoppers generated $260 million in gross merchandise volume on the platform in October 2023 per YipitData estimates. That was up 43% from September. Of consumers who say they use TikTok once a month or more, 69% say they are willing to buy something. Meanwhile, 28% said they already have, the report said. In addition, almost all consumers (93%) who made a purchase said they’d make another purchase, and that they were satisfied with the overall experience. Via TikTok Shop, brands and creators are able to showcase and sell products directly on the platform, through a suite of in-app shopping touchpoints. According to the app, 70% of its users discover new brands and products on TikTok. In the Consumer Trends survey, apparel and accessories, as well as health and beauty, make up the top categories of products sold. Buyers, on average, placed 1.5 orders, spending $45. Demographic-wise, Gen Z and Millenials make

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