TikTok Shop is driving more online sales in the US than Target and other major retailers

Source: Business Insider

CFOTO/CFOTO/Future Publishing via Getty ImagesTikTok Shop is grabbing market share from major online retailers in the US. The app captured about 2% of total US online retail spend in July, according to Consumer Edge. TikTok is driving more US online spending than established players like Target, Costco, and Lowe's.