Baby boomers are more brand-loyal than US adults across multiple categories, according to Morning Consult. They show the highest brand loyalty (76%) for groceries and household goods.
Article
| Nov 14, 2024
Digital activity now plays a major role in product discovery, with younger generations driving sizable shifts in the way shoppers find new products.
Report
| Aug 21, 2023
Key takeaways: Berkshire’s marketing strategy has incorporated some unique perks that could be attractive to its target market—Gen Zers. But this strategy can’t come at the expense of other, older customers. On review site WalletHub, older customers have described some difficulties with customer service supporting the new platform and online billpay.
Article
| Nov 13, 2024
Gen Zers are flocking to emerging payment methods, but card-based options, led by debit cards, remain supreme. Payment providers must align offerings with Gen Z’s preferences now as their spending power grows.
Report
| May 22, 2023
Online shopping is popular across all demographics, but the where and how differs by age, culture, and interests. Current purchasing behaviors can help retailers and brands target digital shoppers and anticipate new trends.
Report
| Jan 31, 2024
Forecasts
| Aug 28, 2023
Source: ĢAV Forecast
The big picture: Weaker spending from Gen Z consumers, along with depressed consumer sentiment in China, is weighing heavily on demand. The number of customers in the market for personal luxury goods has contracted by 50 million over the past two years, as worsening economic conditions—and brands’ persistent price hikes—make it harder for shoppers to justify the expense.
Article
| Nov 13, 2024
Chart
| Oct 30, 2024
Source: Attest
Forecasts
| Aug 16, 2023
Source: ĢAV Forecast
How Gen Z shopping behaviors can influence retail media. How brands can grow digital grocery sales in 5 charts. How retailers can use discount, dollar store strategies to protect their grocery share.
Article
| May 3, 2024
Report
| Jan 6, 2023
Online fashion resale remains a fast-growing retail channel despite ongoing economic headwinds—and Gen Z is the driving force. How can brands and retailers venturing into fashion resale find success amid pullbacks on discretionary spending?
Report
| Apr 5, 2023
Chart
| Dec 12, 2024
Source: ĢAV; ESW
Chart
| Dec 12, 2024
Source: ĢAV; ESW
Cross-border sales are booming in Western Europe despite a slowdown in adoption. As China’s ecommerce giants eye European expansion, local retailers face a competitive threat—and a substantial opportunity.
Report
| Feb 15, 2024
Inflation continues to impact spending in Q2, with 84% of consumers saying inflation had an impact on their spending, a 10% increase over Q1, per Jungle Scout’s research. Meanwhile, Amazon product categories recorded sales increases and social media shopping is on the rise.
Article
| Jul 18, 2024
Gen Zers are more calculated in their purchase decisions and are less likely to make impulse purchases compared with older generations. Social media is just one tool they use to evaluate products.
Article
| Nov 29, 2023
Key stat: In the US, 71% of Gen Z adults say they are likely to make a purchase directly via Instagram, according to Jungle Scout. Just 40% of adults overall say the same, with the caveat that older generations are less likely to buy from social networks in general.
Article
| Jun 26, 2023
Google Shopping gets an AI upgrade: The redesigned platform features a personalized feed of products, reviews, and video shorts, along with a Deals page tailored to consumers’ preferences.
Article
| Oct 15, 2024
Chart
| Dec 12, 2024
Source: ĢAV; ESW
Chart
| Dec 12, 2024
Source: ĢAV; ESW
Chart
| Dec 12, 2024
Source: ĢAV; ESW
It also has high expectations for its recently launched Revolve Holiday Shop. The shop’s curated gift guides are anchored around thematic personas like “The Cool Girl,” “The Beauty Obsessed,” and “The Host with the Most.”.
Article
| Nov 6, 2024
Mall foot traffic is returning to pre-COVID-19 levels. In 2023, visits to indoor shopping malls were down 5.8% from 2019 levels, an improvement from the 15.3% decrease in 2021, per Placer.ai’s The Comeback of the Mall in 2024 report.
Article
| Apr 8, 2024
Chart
| Dec 12, 2024
Source: ESW