TikTok Shop has surpassed retail giants Shein and Sephora. Here's what you need to know:
- 80% of surveyed Americans who use TikTok at least once a month are aware of TikTok Shop.
- TikTok has overtaken retailers including Sephora, Shein, and Qurate in US consumer spending for the third financial quarter.
- Sephora helped its parent company LVMH reach $10 billion in revenue across North America in 2023. Shein made $2 billion in profits that year. Qurate made $152 million. Meanwhile, in TikTok Shop's 2024 economic report, they said the app drove $15 billion in revenue for small businesses in the U.S.
- 45% of surveyed Americans bought "fashion, clothing, and accessories" from TikTok Shop.
- TikTok has led the growth of social media shopping apps in the United States.
Celebrities Making Social Commerce Purchases
TikTok Shop is popular not only among average consumers but also among celebrities. Below are a few of the celebrities that have admitted to discovering products and making purchases through TikTok Shop and/or other social commerce platforms.
Meghan Trainor
"If you want to get me something for Christmas, give me something $14 on TikTok Shop...they have the cutest little light-up things or little knickknacks...I scroll on there and go, one for someone, one for me. I love a tiny house or small things...glass figures, I love those things."
The top three home decor figurines sold on TikTok Shop:
3D Dragon Egg Ornament
30-Day Revenue: $140K
Average Price: $4.95
Shop: Fly Smart Life
3D Gear Rotating Ball
30-Day Revenue: $99K
Average Price: $7.49
Shop: Solven Shop
7 Dragon Ball Crystal Ball Christmas Ornament
30-Day Revenue: $40K
Average Price: $19.87
Shop: cdetth
Kristen Bell
"In the last two hours I have purchased this car vacuum that apparently has NASA level suction, this balance board, and this electric bird feeder."
Sales on TikTok Shop:
GiBoard Balance Board
30-Day Revenue: $1K
Average Price: $158.32
Shop: GiBoardUS
Bird Buddy Original Smart Bird Feeder with Camera
30-Day Revenue: $1K
Average Price: $163.18
Shop: SCHWAB BREANA
Angela Kinsey
"I have a thing that keeps popping up on my Instagram, you guys, and I took a screen grab because I told Josh I want it for my birthday. It's a little tiny camera that goes in your birdfeeder."
The top three smart bird feeders on TikTok Shop:
Wireless Outdoor Bird Feeder with Camera
30-Day Revenue: $28K
Average Price: $139.99
Shop: Noahtec
Smart Bird Feeder with Camera
30-Day Revenue: $18k
Average Price: $99.77
Shop: Buenkee
Osoeri Bird Feeder with Camera
30-Day Revenue: $10k
Average Price: $79.90
Shop: Rengue
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