A collection of 100 retail manufacturers with greater than 130 million mixed followers on the X platform collectively posted fewer than 850 occasions within the first three weeks of July 2024, maybe confirming retail’s departure from the social community.
Elon Musk bought Twitter in April 2022, remodeling it into X and loosening restrictions round tweets, now known as posts.
Not everybody was happy with Musk’s adjustments, and by the top of 2022, many companies had deserted Twitter. Clothes model H&M, for instance, stopped utilizing Twitter in August 2022, leaving 7.6 million followers. Macy’s left behind its 850,000 followers when it stopped posting in November 2022, and the record might go on.
Collection of Companies
To study extra about how firms had responded to Musk and X, I prompted Google’s Gemini AI to generate a listing of shops and types with X accounts. It got here up with 180 firms, however in lots of instances, it had unsuitable info or repeated a enterprise — it included Warby Parker 3 times.
After eradicating the errors, duplications, and companies with fewer than 1,000 X followers, I had a pseudo-random record of 100 manufacturers and retailers.
Final weekend I manually recorded every firm’s X follower depend (some on July 20 and others on July 22), the date it final posted, and the variety of occasions it had posted up to now in July.
- The 100 firms had a mixed complete of 130,134,761 followers.
- Fifty of the companies had posted no less than as soon as in July 2024.
- These 50 had revealed a mixed 845 posts, with PlayStation accounting for 103.
- Simply 24 firms had posted 10 or extra occasions in the course of the month — many social media entrepreneurs suggest six to 10 posts per day.
A couple of retail manufacturers stood out.
Chanel
Chanel had the third-largest X following of the 100 retail manufacturers, with 13.2 million. The corporate was one of many many manufacturers that left Twitter in 2022, seemingly to spite Musk.
Chanel left the X (then Twitter) platform in late 2022.
Whereas that appeared like an terrible lot of parents to disregard, it isn’t a lot in comparison with Chanel’s social media prowess.
Chanel’s U.S. web site hyperlinks to 4 social media platforms — Instagram, Fb, YouTube, and LinkedIn — which collectively have greater than 85 million followers.
The House Depot
The House Depot ran a “Halloween in July” marketing campaign on X. Its 24 posts garnered greater than 754,000 impressions, 4,800 likes, and 1,300 feedback from its 438,000 followers.
If every of those X impressions is value $.0.01 (one cent), The House Depot’s impressions represented simply $7,540 in worth. Relying on how a lot the corporate spent growing and publishing the content material, the natural marketing campaign could have been value it.
Magic Spoon
This high-protein cereal model final posted on X in Could 2024 and appeared to disregard the platform regardless of comparatively good engagement.
Lots of Magic Spoon’s posts skilled good engagement given the dimensions of the corporate’s X following.
Magic Spoon solely had 3,315 X followers however earned greater than 8,200 impressions on its final 5 X posts — 1,640 impressions on common. So almost half of the corporate’s follower depend sees every put up. If The House Depot might get an identical end result, it will have generated 1.1 million impressions as an alternative of 754,000.
Magic Spoon’s X account was much more engaged — i.e., impressions per put up — than its a lot bigger Instagram profile.
As of July 22, 204, Magic Spoon had 407,000 Instagram followers. The corporate’s final 5 reels had generated 38,350 views, a mean of seven,670 views per reel. So, one thing like 2% of its follower depend sees every Instagram put up.
PlayStation
X is a high-frequency social media platform, that means it really works finest with frequent posts. By that commonplace, PlayStation seemed to be the one model on the record utilizing X nicely.
PlayStation posts usually on its X profile with frequent movies.
For instance, Musk’s personal X profile posted 275 occasions within the first 20 days of July 2024 — almost 14 posts per day. Equally, the UEFA Champions League — a European soccer affiliation with nearly 52 million X followers — posted a mean of eight occasions per day in July. Even India’s Prime Minister Narendra Modi, will get it, posting a mean of six occasions per day to his 100 million X followers.
PlayStation, by comparability, revealed a mean of 5 X posts a day within the first three weeks of July 2024. With greater than 38 million X followers, the model’s 5 most up-to-date posts generated nearly 1.6 million impressions in lower than 24 hours.
Almost all PlayStation’s posts are movies, which stands out as the platform’s best-performing format.
X by the Numbers
The X platform had 556 million month-to-month lively customers in 2023, in accordance with Exploding Matters.
Fb had 2.9 billion lively customers. TikTok had barely greater than 1 billion, Pinterest had 445 million, and Meta’s X competitor, Threads, had 175 million month-to-month lively customers after a yr of existence.
The X platform’s lively customers are extremely engaged. Once more, in accordance with Exploding Matters, an lively X consumer spends 34 minutes and 48 seconds per day on the platform. Solely YouTube and TikTok have a extra engaged consumer base.
| Platform | Common Time Spent Per Day |
|---|---|
| TikTok | 45 minutes, 48 seconds |
| YouTube | 45 minutes, 36 seconds |
| X | 34 minutes, 48 seconds |
| Snapchat | half-hour, 36 seconds |
| Fb | half-hour, 6 seconds |
| half-hour, 6 seconds | |
| 23 minutes, 8 seconds |
In some ways, X has potential and will characterize a social media advertising alternative. But when these 100 retail manufacturers are a sign, attaining a return on funding might take work.
