Why Heritage Brands are Winning in a Challenging Market
In uncertain markets, heritage brands are rediscovering that reputation, craft, and continuity can outperform reinvention.
Category
Black Friday and Cyber Monday were blowout days for TikTok Shop.
In app purchases saw a 165% increase in shoppers year-over-year. Fueled by both familiar and new creators within TikTok’s extensive community, there were over 4 billion #tiktokshopblackfriday views and 3.5 billion #tiktokshopcybermonday across the platform to help inspire shoppers, according to TikTok’s data.
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Markets
In uncertain markets, heritage brands are rediscovering that reputation, craft, and continuity can outperform reinvention.
Asia and South America are driving retail expansion, but success will depend on precise positioning in the value-driven mid-market.
Winning retailers are abandoning expansion for expansion’s sake, focusing instead on tightly defined assortments built around clear customer value.
Earnings reports are showing a clear line between brands that stayed close to their core customer – and those now paying to recover that connection.
Performance, durability, and comfort are turning basics into a higher-value, repeat-purchase category.