Pinterest Is a Cash Cow for Retailers

These stats say it all.

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Thought Pinterest was just for hipsters and moms? Think again. Apparently the social scrapbooking site has been a big boon for retail. 

The stats say it all, writes Digiday

As of February, the company had 25 million users, and 70% of brand engagement is generated by users, not brands. 

In terms of products, home decor does particularly well on Pinterest, owning the lion's share (60%) of all referrals. Fashion and retail, meanwhile, average 46 repins on every pin, proving there is such a thing as an engaged following on Pinterest. 

But perhaps the biggest sign the social site has been a big boon to retail is how much its users spend compared with the rest of us. According to Digiday, that amount falls somewhere between $140 and $180 more per order, compared with $80 and $60 orders for Facebook and Twitter shoppers, respectively. 

[via Digiday]

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