Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Walmart partners with TikTok to sell merchandise while livestreaming

Published 12/17/2020, 10:31 AM
Updated 12/17/2020, 10:35 AM
© Reuters. FILE PHOTO: The outbreak of the coronavirus disease (COVID-19) in Rosemead
AMZN
-
WMT
-

(Reuters) - Walmart (NYSE:WMT) Inc, which is looking to invest in TikTok, said on Thursday it would partner with the Chinese-owned video-sharing app to sell items seen on a livestream by creators featuring the retailer's fashion merchandise.

Walmart said https://corporate.walmart.com/newsroom/2020/12/17/you-can-now-shop-walmart-on-the-hottest-place-on-the-internet-tiktok viewers on TikTok, which reaches 100 million U.S. users a month, can shop for fashion items featured in content from popular creators without having to leave the platform. The livestream will take place on Friday on Walmart's profile page on TikTok.

The livestream will feature national brands like Champion, Jordache, Kendall + Kylie and some private brands including Free Assembly, Scoop and Sofia Jeans, Walmart said.

"It gives us a new way to engage with users and reach potential new customers," William White, Walmart's U.S. chief marketing officer, wrote in a blog post.

The world's largest retailer's planned investment in TikTok will help it engage with younger audience and supercharge its battle against Amazon.com Inc (NASDAQ:AMZN) in e-commerce and online advertising. But political tensions between the United States and China and uncertainty continue to stand in the way.

© Reuters. FILE PHOTO: The outbreak of the coronavirus disease (COVID-19) in Rosemead

Walmart's online sales have catapulted during the COVID-19 pandemic as customers avoiding crowds fearing they would contract the virus are shopping more from the comfort from their homes.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.