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Post by arfanho7 on Feb 25, 2024 5:47:38 GMT
As Baby Boomers age you are hearing this big sucking sound as consumption goes away from retail and goes much more to cruises and vacations grandkids and college. So it s important for retailers to think about how to keep Baby Boomers engaged and coming into your store. But they also have to start catering pretty heavily toward the millennials. Millennials may not be that interested in what you are selling in a store because their viewpoints are so different. For example they are probably a lot more frugal. We don t know going Ukraine Mobile Number List forward but we do know right now they have a lot less disposable income and they are little bit scarred from the recession. They have taken the biggest lumps in terms of financial hits which has led them to delay getting married delay having babies delay purchasing homes etc. It is not certain what the long term consequences of the recession will be for millennials but for the time being this group has a gun shy nature and they are pretty frugal. Lal Millennials are also attracted to experiences like Baby Boomers. Alvarez. Yes they are interested in experiences and social communities. driving a reurbaniztion of America. That has a big impact because you have all these stores that have been built in the suburbs where fewer people want to live today. Retailers are going to have to think long and hard about these trends.
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