instore - Jan + Feb 2015 - (Page 20)
consumer insights
Millennials
The exact range of years for the millennial generation varies
depending on who you ask or which resource you use. It roughly falls
into children born between 1977 and 2000. Many view millennials as
the generation moving back in with their parents and staying there
out of laziness and a lack of motivation. While this is true in some
instances, and occurs across all generations, the fact remains that there
are about 80 million millennials. They outnumber the baby boomers
and there are three times more of them than Generation X. They will
eventually make up the bulk of buying customers.
Traditional grocery stores need to keep millennials interested in what
they offer to make sure that millennials come back tomorrow, and well
into the future. "Millennials are just as comfortable doing their grocery
shopping at a Club Store or Amazon as they are at a traditional grocery
store," says Christine Haskins, vice president of customer experience
and innovation process consultant at Ideas To Go, a consulting firm
specializing in marketing strategies for Fortune 500 companies. The
willingness of millennials to explore food options beyond the traditional grocery store means retailers must find ways to not only draw
them in to shop and be loyal, but relate to them.
Excitement and Value
An experiential dish or product will
get millennials to give your store a
chance, and it will keep them coming
According to Ideas To Go research, millennials want their life to be
it unique and real, says Susan
Their interest in traveling abroad surpasses any other generation's by
Robertson, principal and innova-
23 percent. Seventy percent want to visit all seven continents and 75
tion process consultant at Ideas
percent enjoy foods from cultures not their own. Making exciting and
To Go. "Even though most compa-
culturally diverse options a part of your deli, bakery and foodservice
nies understand that 'experience'
departments will attract millennial shoppers, but the options will not
is worth pursuing, many fall into
work as well if they're adjusted versions to cut costs.
23%
back for more, but you must make
exiting. They're always looking for new places to visit and experience.
Millennials' interest
in studying abroad
surpasses any other
generation's by
the trap of watering down a unique
and Millennial-relevant idea into just
The willingness of millennials to explore
food options beyond the traditional
grocery store means retailers must find
ways to not only draw them in to shop
and be loyal, but relate to them.
another offering that already exists."
Making a quality, experiential product
mesh with your current production
capabilities by changing the vision
70%
of millennials want
to visit all seven
continents.
75%
of millennials
enjoy foods from
cultures that are
not their
own.
slightly to fit will cause the idea to lose
its wow factor. Before spending extra
money on a product or service, check with a few millennial customers
to make sure you avoid the water down effect, and move forward with
the most potent ideas, Robertson says. "For a millennial consumer, it's
an act of good faith to reach out and listen to what they have to say."
20 * JAN + FEB 2015 * instore
Table of Contents for the Digital Edition of instore - Jan + Feb 2015
instore - Jan + Feb 2015
Editor's Note - Unlocking the Door to Profit
What's Ahead
Table of Contents
News - On Our Radar
Shopper Demographics - Trending Cake
Trendspotting: Fondant Cakes
Trending - Deli Prepared Chicken
Trendspotting - Rotisserie Chicken
Consumer Insights - Millenials
Diet Trends - Gluten-free
Merchandising - The Haggan Experience
Seasonal Promotions - Summer Occasions
Specialty Foods - Health + Flavor
Cakes - Step to the Head of the Class
Foodservice - Stop & Shop Redefines Dining
Specialty Cheese - Snacking Cheese Ideas
Packaging - Safety & Convenience
Product Trends
Product Showcase
Next Up/Ad Index
instore - Jan + Feb 2015
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