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☆ Why Amazon sellers and retailers are flocking to TikTok Shop despite looming U.S. ban
▼ + stars: | 2024-12-02 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

Beachwaver is part of a growing influx of retailers that are flocking to TikTok Shop, the video app's shopping service. "When TikTok Shop was new and people hadn't used it yet, they would ask, 'Is this on Amazon yet?'" Le Bourgeois declined to comment on the looming TikTok ban, but a company spokesperson at the event said TikTok Shop isn't slowing down. Yay's Snacks, which makes crispy Cambodian beef jerky, was one of the earliest companies to join TikTok Shop when it launched. TikTok Shop was a big topic of conversation at a conference for Amazon sellers in New York in October.

Persons: Sarah Potempa, Potempa livestreams, Potempa, TikTok, EcommerceDB, Caila Schwartz, Mira Dix, Dix, Joe Biden, Jan, Donald Trump, Trump, CNBC's, Jeff Yass, Nico Le Bourgeois, Le Bourgeois, It's, Alibaba's, Rachel Cheng, she's, Marlin Chan, Yay's, Cheng, Craig Sjodin, Aaron Krause, Krause, influencers, Vanessa Amaro, Amaro, Dan Hughes, Rafay, Michelle Barnum Smith, Barnum Smith, I've Organizations: Base, Visual China, Getty, TikTok, Nike, Amazon, CNBC, U.S, Black, Disney ABC Television, Daddy, QVC Locations: Wuhan, China, Waukegan , Illinois, Amazon, U.S, ByteDance, Manhattan, New York

☆ TikTok Shop's Black Friday drove $100 million in US sales and users viewed over 30,000 livestreams
▼ + stars: | 2024-12-02 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

AdvertisementTikTok Shop saw over $100 million in single-day sales on Black Friday, a spokesperson told BI. On Friday, the company drove over $100 million in US sales on its e-commerce platform Shop, a company spokesperson told Business Insider. Other top sellers on TikTok Shop's Black Friday were Tarte Cosmetics and lifestyle retailer Miniso, they added. Last year, across the full US holiday shopping season, Amazon drove around $104 billion in US holiday sales, while Walmart hit about $20 billion in US e-commerce sales during that holiday period, according to eMarketer estimates. TikTok Shop featured holiday discounts from brands like electronics maker Phillips, Fenty Beauty, and Maybelline NY, for example.

Persons: TikTok, Stormi Steele, Nico Le Bourgeois, Le Bourgeois, Tarte, Phillips, TikTok's Organizations: Amazon, Adobe Analytics, Walmart, Congress Locations: China

☆ FBI agent accused of multiple rapes was found not guilty of attempted murder 2 years ago
▼ + stars: | 2024-11-26 | by ( Antonio Planas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Michael-Kosnar-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +4 min

An FBI agent was arrested and charged with multiple counts of sexual assault two years after he was acquitted of attempted murder. Two women allege they were raped inside a tattoo studio, and police say Valdivia may be have additional victims. The woman returned for a second shoot at a nearby hotel and was again sexually assaulted by Valdivia, police said. The FBI Washington Field Office s noaid in a statement the agency is cooperating with Montgomery police in their investigation of Valdivia. Valdivia told the man, “Watch your mouth,” and the man turned around and approached Valdivia, who told him to back up multiple times prior to the shooting.

Persons: Eduardo Valdivia, “ Lalo Brown, ”, Lalo Brown, Valdivia, Nicholas Augustine, Valdivia's, “ Organizations: FBI, Montgomery County Police Department, Police, DC, Washingtonian, Valivida, that's, Detention, FBI Washington Field, Montgomery, Metro, NBC Washington, NBC, “ Locations: Gaithersburg , Maryland, Montgomery, Valdivia, Gaithersburg, Montgomery County, Bethesda , Maryland, NBC Washington

☆ Billionaire Jersey Mike's CEO still gets behind the counter to slice deli meat like he did at age 14: I do it 'every time I’m in a store'
▼ + stars: | 2024-11-26 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Five decades ago, Peter Cancro was your average 14-year-old wrapping sandwiches after school at his local eatery, Mike's Subs. Today, he's the billionaire CEO of Jersey Mike's Subs — but he still gets his hands dirty every now and then. At age 17, the New Jersey native had worked at Mike's Subs for a few years when he discovered the owner was looking to sell. He still slices deli meats and gets face-time with employees "every time I'm in a store," he said at the conference. The ability to be personable is a green-flag trait that good bosses tend to share, workplace culture expert Bonnie Low-Kramen told CNBC Make It last year.

Persons: Peter Cancro, Cancro, Peter, Rod Smith, Bonnie Low, Kramen, It's Organizations: Subs, Blackstone, Jersey, Conference, Bloomberg, CNBC, Workers, Gallup Locations: Jersey, U.S, New York, Jersey Shore, New Jersey

☆ Welcome to the shopping mall for the TikTok era
▼ + stars: | 2024-11-20 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +6 min

A new brick-and-mortar store from the e-commerce startup Outlandish is bringing to life the world of TikTok Shop. In addition to TikTok Shop, Outlandish has experience working with brands to help them sell on Douyin and other social apps. Other TikTok Shop sellers have experimented with adding livestreaming spaces to their storefronts, such as the New York-based pre-owned luxury store What Goes Around Comes Around. Outlandish, which began in 2018 as a social shopping agency in China, is an official TikTok Shop partner. If that does happen, August said Outlandish's Santa Monica sellers could pivot to livestreaming on other platforms.

Persons: Anker, TikTok, Allison Wise, Amanda Perelli, William August, ByteDance, it'll, Outlandish's, Outlandish's Santa Monica Organizations: Goli, QVC, TikTok, US, Congress Locations: Los Angeles, China, Santa Monica's, influencers, Santa Monica, Asia, Los Angeles and New York, Mexico, Spain, America, New York, Santa, Outlandish's Santa, livestreams

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Ferrari, Amazon, Instacart, Spotify & more
▼ + stars: | 2024-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said the stock is best positioned ahead of earnings later this month. JPMorgan upgrades Yum China to overweight from neutral JPMorgan upgraded the China operator of brands like KFC following earnings. Wedbush reiterates Tesla as outperform The firm said the EV maker is a big winner of a Trump presidency. Deutsche Bank reiterates Spotify as buy Deutsche said it's bullish heading into the streaming company's earnings report on November 12. JPMorgan downgrades Super Micro to underweight from neutral JPMorgan downgraded the stock following earnings citing too much regulatory uncertainty.

Persons: Bernstein, Apple, Goldman Sachs, Goldman, YUMC, Wedbush, Tesla, Trump, Jefferies, Raymond James, it's, Wells, BURL, Oppenheimer, TD Cowen downgrades Brown, Forman, Cowen, Needham, revs, Ferrari, it's bullish, Mizuho, Monness Crespi Hardt, Snowflake Organizations: Nvidia, JPMorgan, KFC, Trump, Ryman Hospitality, Citi, GE Healthcare, General Electric, Barclays, Tencent, Entertainment, Deutsche Bank, Spotify, Deutsche, Nike, Burlington, GAP, Super Micro, Services, UBS, Ferrari, Data Center, 2027E, Bank of America, of America Locations: China, 2Q24, Snowflake

☆ Stocks to play China's shopping festival — even if consumers spend less
▼ + stars: | 2024-11-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

As China's biggest shopping festival of the year gets underway, analysts are starting to favor Chinese logistics companies as a way to play the online shopping trend. The JPMorgan report initiated coverage of U.S.-listed ZTO Express , which the analysts said is China's largest express parcel player with more than 20% of the market. ZTO YTD mountain ZTO Express shares in the U.S. in 2024. Morgan Stanley is less bullish, rating J & T equal-weight while citing competitive risks in China and potential challenges in Southeast Asia. "Cuts on overseas profitability outlook has weakened our investment thesis," the Morgan Stanley analysts said.

Persons: JD.com, Morgan Stanley, ZTO, Morgan Stanley's, Nomura, Jet Li, Li, Michael Bloom Organizations: JPMorgan, YTO Express, STO Express, Yunda, T Global Express Ltd, ZTO's, ZTO Express, J, T Global Express, HK, Nomura, Hong Kong, Hong, CNBC Locations: Hong Kong, U.S, China, Southeast Asia, T Global Express Hong Kong

☆ I skip the Hamptons and head to a coastal town in Connecticut instead. It's less crowded and wonderful year-round.
▼ + stars: | 2024-11-02 | by ( Allison Tibaldi | ) www.businessinsider.com time to read: +6 min

I got fed up and started spending weekends in Madison, a coastal Connecticut town. So, I found my own "dupe" of the Hamptons about 100 miles away in New England: Madison, Connecticut. Related Video All the differences between Starbucks in Italy and the USThe town defines coastal calm, with just about everything the Hamptons has minus the crowds. Madison has plenty thanks to the Sculpture Mile, a free outdoor public art installation of museum-quality sculptures scattered around town. There's often something happening on the town greenMadison's historic town green is its leafy centerpiece.

Persons: —, I've, Madison isn't, Madison, Allison Tibaldi, RJ Julia Booksellers, I'm, Allison Tibaldi Madison, Café Organizations: Hamptons, Service, Madison, Hammonasset, Hilton, RJ Julia Booksellers, RJ Julia, Madison Cinemas Locations: Madison, Connecticut, New England, Madison , Connecticut, Italy, New York City, Long, England, Europe, Guilford

☆ A top TikTok shopping exec explains its US growth strategy, from partnering with agencies to building up livestreaming
▼ + stars: | 2024-10-25 | by ( Dan Whateley | ) www.businessinsider.com time to read: +7 min

TikTok Shop is preparing for the holiday season as it crosses one year since its US launch. The company is pushing live shopping, influencer partnerships, and other selling tactics. The company has courted a roster of creators to promote products in exchange for a commission on sales. Related storiesHow do you think about introducing TikTok users to live shopping? I am really curious about this idea of the TikTok Shop creator ... How do you think about working with that cohort and using them to help grow the platform?

Persons: Nico Le Bourgeois, —, TikTok, Le Bourgeois Organizations: Service, Business, TikTok, Amazon, Walmart Locations: China, New York, LA, Seattle

☆ Mark Zuckerberg just turned Porsche's minivan concept into a reality. Sort of.
▼ + stars: | 2024-10-07 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Chan's car was retrofitted into what's likely the only Porsche minivan in existence. AdvertisementMark Zuckerberg's garage just got an update: a Porsche 911 GT3 with a touring package and, for his wife, Priscilla Chan, a Porsche Cayenne Turbo GT … minivan? Priscilla wanted a minivan, so I've been designing something I'm pretty sure should exist: a Porsche Cayenne Turbo GT Minivan," he wrote. "Threw in a manual GT3 Touring to make it his and hers." Before options, the 911 GT3 Touring cost $164,650, he wrote.

Persons: Mark Zuckerberg, Porsches, Priscilla Chan, —, Mark Zuckerberg's, Priscilla, Zuckerberg, Justin Bieber, Shaquille O'Neal, Angus Fitton, Fitton, West Coast Customs spokespeople, Chan, Pagani Organizations: Porsche, Service, Porsche Cayenne, Porsche Cayenne Turbo GT, West Coast Customs, Turbo, Acura TSX, Honda, Business, BI Locations: California, Italian

☆ Sesame Workshop's top marketer is leaving during a critical period of transition
▼ + stars: | 2024-10-04 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Sesame Workshop's chief marketer, Samantha Maltin, is leaving the company. Maltin's exit follows Sesame Workshop's CEO change and upcoming "Sesame Street" revamp. Sesame Workshop is in the midst of negotiations with distributors for the show. With beloved IP that appeals to multiple generations, "Sesame Street" could be attractive to other streamers eager for tried-and-true content. AdvertisementShe also helped create a "Sesame Street" brand image celebrating its 50th anniversary.

Persons: Sesame, Samantha Maltin, Max, —, Maltin, Jude, Maltin didn't, HBO Max Organizations: Service, Business, Sesame, Warner Bros, HBO, Netflix, PBS, YouTube, Networks, Nickelodeon, Viacom Locations: Memphis , Tennessee, Sherrie, Schireson

☆ 36-year-old’s Etsy side hustle brings in up to $54,000 a month, takes 10 hours a week—it paid off her student loan debt
▼ + stars: | 2024-09-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

Emily Odio-Sutton started her Etsy side hustle on her couch while watching a "Real Housewives" TV show in December 2022. She doesn't recall which one, but she does remember the months of research fed into that moment. When a customer places an order, a third-party manufacturer prints the design onto the product and ships it out. DON'T MISS: The ultimate guide to earning passive income onlineIn her best month so far, the side hustle — which takes roughly 10 hours per week, she says — brought in $54,900. It padded her family's finances, paying for vacations and her $20,000 in student loans, she says.

Persons: Emily Odio, Sutton, couldn't, — Organizations: CNBC Locations: Odio

☆ I went behind the scenes at a world-famous doughnut shop. Take a look inside.
▼ + stars: | 2024-09-19 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

I recently went behind the scenes at The Holy Donut, one of the most famous doughnut shops in Maine. The Holy Donut opened in 2012 and has grown into a local institution. Take a look at how The Holy Donut makes its most popular treats and its big plans for the future. Go to newsletter preferences Thanks for signing up! AdvertisementPushing through the front doors of The Holy Donut, I was greeted by the downright heavenly smell of fresh-brewed coffee and sweet icing.

Persons: —, hadn't Organizations: Service, Business Locations: Maine

☆ Astrophotographers outline the 3 mistakes you're making when snapping photos of the moon and how to fix it
▼ + stars: | 2024-09-17 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

AdvertisementHere are some mistakes you may be making while photographing the moon and how to fix them, according to two professional astrophotographers. Mistake 1: Taking photos at the wrong timeJon Carmichael captured the moon during a lunar eclipse. The silver lining is you can get better detail because you're shooting through less atmosphere and the photos will be clearer. Taking photos closer to sunset gives you more lighting compared to later at night, which will make taking a cellphone picture easier. "If you're shooting in any kind of auto setting, then you're making the camera decide for you," Carmichael said.

Persons: —, Jon Carmichael, astrophotographer Andrew McCarthy, McCarthy, " McCarthy, that's, astrophotographer Jon Carmichael, Carmichael, you'd, supermoons, there's what's, maria, Les Shu, AMAN ROCHMAN Organizations: Service, Business, . Portland Press Herald, Samsung, Android Locations: there's

☆ I lived in 2 big cities before moving back to my hometown. I can finally afford a home — and I got paid $5,000 to do it.
▼ + stars: | 2024-08-09 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

The Move to Columbus program was sent to me by probably three family members and four friends. I was born and raised in Columbus, Georgia. Before I moved back, I lived in Nashville for seven years and spent two years in Tucker, Georgia, just outside of Atlanta. Bishop's home in Columbus, Georgia. AdvertisementA waterfront in Columbus, Georgia.

Persons: —, Will Bishop, it's, we'd, would've, they're, SeanPavonePhoto, we've, we're, Will Bishop We've, grandpa who's, It's Organizations: Service, Business, Will, Navy Locations: Columbus , Georgia, Columbus, Nashville, Tucker , Georgia, Atlanta . Columbus, Atlanta, Atlanta Real

☆ TikTok is betting its future on e-commerce. Should it?
▼ + stars: | 2024-07-26 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +8 min

From conversations with e-commerce analysts, TikTok Shop partners, sellers, and creators, it's clear that Shop is growing steadily in the US and driving meaningful sales for some brands. TikTok Shop is also showing strong momentum in regions outside the US that have embraced social shopping more, like Southeast Asia. Order-tracking platform Route saw global order volume on TikTok Shop grow a modest 35% between January and June. AdvertisementWhat's working for TikTok ShopWell-timed promotional campaigns and live selling have bolstered TikTok Shop's growth this year, agency sources told BI. TikTok Live has become an e-commerce hub for all types of sellers, including pre-owned luxury retailer What Goes Around Comes Around, which has a streaming studio in its store.

Persons: —, influencers, TikTok, it's, It's, Nicole Rechtszaid, Steele, Pena, Rechtszaid, Dan Whateley, Julian Reis, SuperOrdinary, Reis, we've, Michael Yamartino Organizations: Service, Business, TikTok Shop, TikTok, Ghost Agency, Amazon's, livestreams Locations: Southeast Asia, Paris, Maybelline New York, Asia, China

☆ You can't kill Coach
▼ + stars: | 2024-06-28 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

Mandy Moore carries a Coach bag in 2006. And with fewer people buying Coach bags, consumer ideas of the brand shifted. Keel, who purchased her first Coach accessory — a discounted cardholder from Coach Outlet — around that time, remembers the change in the brand's perception vividly. AdvertisementKate Bauer, a 29-year-old from Toronto, collects vintage Coach bags that she exclusively buys secondhand. She told BI that the importance of old Coach styles to the brand's current business has never been clearer.

Persons: —, Paris Hilton, I'd, Gilbert Carrasquillo, Lil Nas X, Gen Z, Erin Keel, Lillian Cahn, Miles Cahn, Lillian, Bonnie Cashin, Lew Frankfort, Mandy Moore, Michael Loccisano, Michael Kors, Kate Spade, Victor Luis, Keel, Chanel, wasn't, — Luis, Jide J, Zeitlin, — Todd Kahn, Coach, Camila Mendes, Beth Goldstein, Gen, Kate Bauer, Edward Berthelot, Goldstein Organizations: Business, Leatherware, —, North, BI Locations: New York City, Los Angeles, Frankfort, Toronto

☆ She grew up helping her grandparents run a shoemaking shop. In college, she came up with a plan to save it.
▼ + stars: | 2024-06-19 | by ( Faye Bradley | ) www.businessinsider.com time to read: +6 min

Miru Wong with her grandfather Wong Tat-wing at the original Sindart shop. The cheapest pair is made without embroidery and costs 99 Hong Kong dollars, or $12. Wong says most of the materials — including nylon, silk, satin, and brocade — are sourced from Hong Kong, Japan, and Europe. AdvertisementOthers feel that more can be done in order to pass down the skills in Hong Kong. "Rising labor costs in Hong Kong also make it difficult for traditional shoemakers to maintain profitability," Cho said.

Persons: —, Miru Wong, Hong, Wong Tat, Wong, Wong reguarly, she's, shoemakers, Erin Cho, Cho, Lindsay Varty, Varty Organizations: Service, Polytechnic University, Business, Hong, HK, Hong Kong Polytechnic University's School of Fashion, Textiles, Social, Sunset Locations: Hong Kong, Japan, Europe

☆ Are Micah and Kaz from 'Perfect Match' season 2 still together?
▼ + stars: | 2024-06-14 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewMicah Lussier and Kaz Bishop's relationship seems to be over after the latest batch of "Perfect Match" episodes. She appears in the latest season of "Perfect Match," a Netflix crossover series in which fan favorites from other shows compete and date to find their partner. In episode two, Lussier pairs up with "Dated & Related" alum Kaz Bishop, and the pair wins two couples' challenges in the season. Kaz Bishop on his date with Holly Scarfone in "Perfect Match" season two. While we do not know exactly when "Perfect Match" season two was filmed, it was likely before the fall of 2023, when some contestants had other TV commitments.

Persons: —, Micah Lussier, Kaz Bishop's, Kaz Bishop, Bishop, Holly Scarfone, Lussier, Brittan Byrd, Byrd, Christine Obanor, Scarfone, Izzy Zapata, Micah Lussier's Organizations: Service, Netflix, Business, Netflix Netflix

☆ Bethenny Frankel is calling out a Chanel boutique that seemingly only allowed her to shop when she wore designer clothes
▼ + stars: | 2024-05-23 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

Bethenny Frankel says she was turned away from a Chanel boutique in Chicago on Tuesday. She said on TikTok that she believes her casual outfit — jeans and a T-shirt — was to blame. She returned to the same shop wearing a Chanel outfit on Wednesday and was allowed to enter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The former "Real Housewives of New York City" star posted a TikTok on Tuesday in which she said she was turned away from the luxury brand's Chicago boutique.

Persons: Bethenny Frankel, —, Chanel, Frankel Organizations: Service, Housewives, New Locations: Chicago, New York City

☆ A 'cosmic glitch' in the universe is forcing astronomers to rethink Einstein's theory of relativity
▼ + stars: | 2024-05-20 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +8 min

Einstein's general theory of relativity states that the curvature of space-time causes gravity. But zoom out to enormous scales like clusters of galaxies spanning billions of light years across, and the laws of Einstein's gravity theory appear to change. A 1% adjustment may not sound like a big deal, but it's enough to suggest that Einstein's theory may need a rethink. Now, with this cosmic glitch, there's a new explanation on the table. NASA/CXC/Univ of Missouri/M.Brodwin et al; NASA/STScI; JPL/CalTechThe fact that this cosmic glitch could potentially help astronomers resolve the Hubble tension is a good sign that it may truly exist.

Persons: —, Albert Einstein's, Robin Wen, Wen, It's, shouldn't, Niayesh Afshordi, there's, Valerio Faraoni, Faraoni, Claire Lamman, DESI Organizations: Service, Business, Waterloo, University of Waterloo, University of British, ESA, Big Bang, NASA, of Missouri, JPL, CalTech, Bishop's University Locations: University of British Columbia

☆ 26-year-old's side hustle brings in $38,500 a month, takes 20 minutes a day: This can be 'passive all year long'
▼ + stars: | 2024-04-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Francisco Rivera quit his tutoring job in December after his side hustle brought in six-figures in 2023. DON'T MISS: The ultimate guide to earning passive income online Rivera estimates 30% to 50% of each sale is profit. The success of Rivera's Etsy shop allowed him to quit his tutoring job in December. Leveraging existing skillsAfter college, Rivera worked in Apple stores in the Dallas-Fort Worth area for three years. Rivera started seeking new ways to make income when demand for online tutoring waned after the pandemic, he says.

Persons: Francisco Rivera, Francisco Rivera's, Rivera, Rivera's, he's, Bali —, That's Organizations: Sail University, Apple, CNBC, Outschool Locations: Bali, Dallas, Fort Worth, Orlando

☆ TikTok Shop is second only to Amazon in a key measure of customer loyalty
▼ + stars: | 2024-04-17 | by ( Madeline Stone | Dan Whateley | ) www.businessinsider.com time to read: +3 min

Earnest, which tracks credit-and-debit-card transactions, found that around 27% of TikTok shoppers came back to make another purchase after five months of their first buy. On this measure, TikTok Shop outperformed other e-commerce platforms, including Temu, Shein, and Etsy, as well as fellow social-commerce channels Whatnot, Flip, and Instagram Checkout. Amazon was the only e-commerce platform that beat TikTok Shop in Earnest's dataset, which looked at customer-retention data between January 2022 and February 2024. "The second I bought my first TikTok Shop product, which was probably a year and a half ago, from that moment on, I started to get more TikTok Shop content." TikTok Shop seems to have become a place for impulse purchases, as well.

Persons: Michael Maloof, Temu, TikTok, Maloof, —, they've, Nicole Rechtszaid Organizations: Walmart, Business, Facebook, Ghost Agency

☆ TikTok Shop is better at keeping customers than Temu and Shein
▼ + stars: | 2024-04-16 | by ( Madeline Stone | Dan Whateley | ) www.businessinsider.com time to read: +3 min

TikTok seems to be doing a good job of getting customers to make multiple purchases on its new shopping platform, Shop, according to data from Earnest Analytics. Earnest, which tracks credit-and-debit-card transactions, found that around 27% of TikTok shoppers came back to make another purchase after five months of their first buy. On this measure, TikTok Shop outperformed other e-commerce platforms, including Temu, Shein, and Etsy, as well as fellow social-commerce channels Whatnot, Flip, and Instagram Checkout. Amazon was the only e-commerce platform that beat TikTok Shop in Earnest's dataset, which looked at customer-retention data between January 2022 and February 2024. "The second I bought my first TikTok Shop product, which was probably a year and a half ago, from that moment on, I started to get more TikTok Shop content."

Persons: Michael Maloof, Temu, TikTok, Maloof, —, they've, Nicole Rechtszaid Organizations: Walmart, Business, Facebook, Ghost Agency

☆ Outspoken Cuban Priest Cries Foul as Country Marks Good Friday
▼ + stars: | 2024-03-29 | by ( March | At P.M. | ) www.usnews.com time to read: +2 min

By Nelson Acosta and Marc FrankHAVANA (Reuters) - Cuban Roman Catholics held public processions across the Communist-run country on Friday to mark Good Friday, but there was at least one exception in Havana where 150 of the faithful were relegated to the church parking lot. “It is not possible today to introduce Jesus Christ without introducing to him a people who are having a hard time,” he said. The Cuban government largely blames U.S. sanctions for the crisis and U.S. subversion for the unrest, charges that Washington denies. “What I have heard from the government is that there are 111 authorized processions throughout the country,” he said. Christmas and then Good Friday were recognized as holidays and religious processions are now common.

Persons: Nelson Acosta, Marc Frank HAVANA, Lester Zayas Diaz, Parish, Christ, ”, Jesus Christ, ” Zayas, Washington, Ariel Suarez, Cuba's, Zayas, Pope John Paul, Marc Frank, David Gregorio Organizations: Communist, Reuters, Facebook, U.S, Cuban, Cuba's Bishop's Locations: Cuban, Havana, Vedado, Cuba

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