The magic “M” word is making changes in the consumer world yet again: This time that all-consuming desire to reach millennials that we’ve seen everywhere from fast food to department stores has struck Whole Foods, prompting the company to announce a lower-cost chain designed especially to lure in the younger set. [More]
You there, with the bare lips and the TJ Maxx bag binge-watching Scandal online: Did you decide to skip Macy’s and head to an off-price store because you just couldn’t bear to tear yourself away from Netflix and put your face on that day? Macy’s CFO seems to think an aversion to lipstick and millennials’ love of digital content (among other things) is funneling customers away in favor of off-price stores and online shopping, leading to sagging sales. [More]
If you want to sell more groceries, stock food that people want to buy. That’s logical enough, and it’s Target’s new strategy to draw younger customers to its stores to buy food…and pick up everything else they need along the way to the checkout. Now the company is looking for an experienced grocery executive to help them ride the Greek yogurt and granola bar train to being cool again. [More]
Does McDonald’s need to try to change the world to win back its customers? Mickey D’s, still reeling from reporting its steepest monthly sales decline in 14 years, has been reaching out to ad agencies and media companies looking for advice on what kind of charitable partnership it can work up to help it connect better with its customers (specifically “millennials”), the Wall Street Journal reports, citing sources familiar with the matter.
Millennials, as a generation, are roughly defined as “anyone younger than the senior Consumerist staff.” They’ve been the subject of hand-wringing in the fast food industry as industry experts fret that the young people just aren’t interested in traditional fast food, instead preferring slightly classier quick-serve fare like Chipotle or Five Guys. Is this true? Maybe not. [More]
Millennials — those Americans currently between 18 and 29 years of age — never really lived in a world without debit cards, when the only way to make a non-cash purchase was to use a credit card or hope the store accepted personal checks. So it may come as little surprise to some that nearly two-thirds of the consumers in this age group don’t have a single credit card to their names. [More]
Grocery shopping used to be a rather easy experience: you’d look in the cupboard, make a list and drive to the store to collect your goods. Simple right? Well, times they are a changin’ and it’s millennials who are pushing the supermarket industry in new directions.. [More]
While it would be great for companies if all consumers agreed to go steady with just one of its suitors, choosing say, one fast food restaurant above all the rest and devoting themselves entirely to that relationship, that’s just not how it works. We consumers like to play the field, especially millennials, and that’s bad news for companies like McDonald’s. [More]
In news that is in no way shocking, millennials say they are overwhelmed by debt. [More]
Millennials Who Chose Not To Attend College Are More Likely To Live In Poverty Than Past Generations
Traditionally, people have gone to Olive Garden when they feel like consuming theoretically infinite salad and breadsticks and miles of pasta. Portions are large enough to form at least two meals. Aren’t they? The chain is trying something new in some markets, and taking it nationwide: small plates for groups to share, instead of giant carb platters. [More]
Everyone has that one relative who was an adult during the Great Depression and hid boxes of cash all over the house because they didn’t trust banks. Someday, your own descendants might share tales of weird old Aunt Mykayla, who entered the workforce during the Great Recession and refused to get credit cards or even buy a car. [More]
Millennials, an age group roughly defined as “people who make the Consumerist editors feel old,” are a tough demographic to market to. How to reach them? “Free food” is usually a safe answer. That’s why Campbell’s is holding free soup events in big cities to promote their few products, $3 microwaveable soup pouches filled with the flavors foodies were crazy about in 2008. [More]
The housing market is stalled, and the reason why is pretty simple: young adults aren’t all that interested in buying houses. It’s not hard to see why. Americans who are currently between 25 and 34 spent their formative years watching housing prices soar, then abruptly collapse, taking the entire global economy with them. Among those Millennials who haven’t already purchased and lost an underwater home…who wants to buy a starter condo after that? [More]
It’s time once again to play Categorize The Shopping Public, this time using a survey commissioned by TV Land to convince advertisers that its Boomer-centric programming is relevant. If you or someone you know is between the ages of 40-59, you won’t want to miss this very important message—but to summarize it for the ADD crowd, it seems younger folks are (slightly) more likely to choose a brand based on fashion and hype, whereas Boomers are (slightly) less brand-loyal and seek greater value. This runs counter to the conventional wisdom that younger consumers are savvier shoppers, and gives Boomers something to gloat over—before they forget what it is they’re gloating about. Ha ha! Old people are so old!