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Wish's comeback attempt, YouTube's staying power
As he looks to rebuild a marketplace that lost trust with consumers, Vijay Talwar is taking a transparent approach, even vlogging about his learnings along the way. Wish maintains advantages on price, and a trove of unique products. The task ahead of the CEO is to fix the basics, and change the culture.
A pair of partnerships announced this week demonstrate how platforms are extending their expertise in ecommerce directly to brands through services. Ferragamo is tapping the technology and media capabilities of Farfetch to expand its own omnichannel offerings, while Tommy Hilfiger is teaming with thredUP to launch a resale program.
A series of recent releases from the consumer technology marketplace offer examples of what personalization looks like in practice. Shoppers input their specifications for Windows laptops or gaming PCs, then receive recommended options that are identified based on scoring. It’s a sign that more personalized shopping will also be interactive.
In a quarter that included the resignation of founder Julie Wainwright as CEO, the luxury resale platform saw attrition among its sales team. The company also saw a shift in demand away from higher-priced items like jewelry and watches amid a return to in-person activities.
This week's headlines about a Pew Research study of social media use among teens focused on TikTok’s rise and Facebook’s fall. But the number one spot by some distance still belongs to YouTube. For those looking to build a sustainable business, it's worth paying just as much attention to staying power as the ups and downs.
Tweet of the Day 🐦
If my agency was in charge of Influencer Marketing for @BOMBAS - this is exactly what we’d do.
Steal these principles for your brand today:
— Cody Wittick - Influencer Marketing (@Cody_Wittick)
11:42 PM • Aug 11, 2022