The Rise of Temu’s Marketing Spend
Everybody knows about Temu, and how could we not considering how big their advertising budget is. Few brands can afford to spend over USD 3 billion in digital marketing and influencer partnerships, let alone operate at a similar loss for a sustainable period of time. The ecommerce giant seems intent on winning over the US market, but is their strategy working?
The Average TikTok Shopper Is Not Who You Think It Is
Recently, TikTok has been in the news for its heated fight with the US Government and its threats to ban the app should they not be able or willing to sell it to a different party, and breaking links with ByteDance, TikTok’s parent company. Regardless of what happens next, it’s impossible to deny the hold the app has on its users, especially with hashtags like #tiktokmademebuyit. But what are they buying on the social media platform? And who is doing all of these purchases?
France Mulls Penalties to Rein in Ultra-Fast Fashion Brands
France is introducing a new piece of legislation that seeks to lower the environmental impact of ultra-fast fashion juggernatu Shein.