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Social Shopping Platforms, in % of Social Media Shoppers, February 2019
The trends of mobile and
social shopping combine to a degree that forecasts cited in the yStats.com reflect an annual grow rate of online retail sales above 20% through 2025.
Islamic banking and finance is one of the main pillars of an Islamic digital economy, particularly in connection with retail e-commerce, social commerce such as peer-to-peer sales platforms, crowdfunding sites, group buying platforms or
social shopping online groups, online and mobile payment services and innovative halal investment products.
It brings the holy grail of
social shopping -- being able to buy any garment directly from anyone's Instagram post -- much closer.
Social shopping hasn't clicked as much in the US as it has in other countries, but it is growing, and businesses should be ready to ride that train.
Several data breaches at Facebook, and Instagram co-founders Kevin Systrom and Mike Krieger abruptly leaving the company in September hasn't done much to dissuade brands and analysts from seeing the future of Instagram as a
social shopping hub.
This is an attempt by SEPHORA to embrace Chinese social culture and become the first comprehensive vertical beauty retailer to offer a full
social shopping experience.
They put all the Xs (and Ys and Zs) under one convenient roof and modern
social shopping was born.
Ultimately,
social shopping platforms are bulldozing yet another of retail's barriers to entry.
Myntra has introduced innovative methods of engaging customers during each season of EORS and has launched a new and improved version of its
social shopping feature known as Myntra Shopping Groups for this edition.