Published 10 April 2023

Author
Brynn Valentine
8 min read

Shoptalk US 2023 (March 26-29, Las Vegas) saw companies including Pinterest, Best Buy and Coach take to the stage. Here, we unpack the most noteworthy takeaways, from Gen Z’s resales-based supercharging of luxury goods as assets and ultra-local second-hand e-commerce, to the power of brand spaces centring user-generated content (UGC).

1. Unlocking Conversion in Shoppable Social

2. Gen Z: The Counter-Intuitive Luxury Consumer

3. UGC-Encouraging Branded Environments

4. Post-Y2K: Fashion’s Subcultural Switch

5. Localised & Trackable Recommerce

6. Beauty Brands Switch to TikTok Micro-Influencers and Communities

7. Evolving Clienteling via Broadcast-Only Stores

8. Micro-preneurial Metaverse: A Gen Zalpha Play

A primary talking point was the evolution of shoppable social, with speakers including Pinterest CEO Bill Ready focusing on how to meet consumers in the right mindset by furnishing them with purchase options at the ideal time in their shopping journey.

A primary talking point was the evolution of shoppable social, with speakers including Pinterest CEO Bill Ready focusing on how to meet consumers in the right mindset by furnishing them with purchase options at the ideal time in their shopping journey.

Summary

1. Unlocking Conversion in Shoppable Social

A primary talking point was the evolution of shoppable social, with speakers including Pinterest CEO Bill Ready focusing on how to meet consumers in the right mindset by furnishing them with purchase options at the ideal time in their shopping journey.

2. Gen Z: The Counter-Intuitive Luxury Consumer

Gen Z’s proclivity for luxury spending amid economic crisis was hotly debated with resellers including thredUP speaking about this generation’s capacity to power up the consumer propensity to view luxury goods as tradeable assets. Meanwhile, blockchain specialists Eon spoke about instant reselling technology capable of further supercharging that propensity.

3. UGC-Encouraging Branded Environments

Cultivating a storefront capable of sparking organic user-generated content – and thus tapping into peer recommendations and reviews – was also a talking point.

4. Post-Y2K: Fashion’s Subcultural Switch

The mechanics of mining subcultures for mainstream culture rejecting Gen Z (see see 4: The End of Mainstream Pop Culture? Paul Frank’s Subculture-Cementing TikTok in Youth Marketing Strategy NYC, 2023: Gen Z Thought Starters for more), was a luxury brand talking point.

5. Localised & Trackable Recommerce

Resale traceability was debated by speakers as varied as American non-profit organisation Goodwill and blockchain specialists Eon. While levels of sophistication varied – from noting the point of donation to uphold cyclical societal care to smart-tagging hosted on blockchain for bullet-proof transparency – speakers agreed on the power of locally-anchored, trackable recommerce.

6. Beauty Brands Switch to TikTok Micro-Influencers and Communities

Several beauty brands signalled a shift to using micro-influencers, as these individuals are more embedded in specific target communities and typically garner a higher engagement rate compared to their more expensive but less engaging mega-influencer counterparts.

7. Evolving Clienteling via Broadcast-Only Stores

Combining the benefits of in-person connection with the ease of ecommerce was another talking point, with American tech retailer Best Buy majoring on its new digital clienteling store.

8. Micro-preneurial Metaverse: A Gen Zalpha Play

Enabling Gen Zalpha consumers to meet brands in proto metaverse environments, formulating familiarity that later solidifies into in-person loyalty was a key talking point.

Shop Talk 2023: Brand Engagement Highlights

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