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Tag Archives: consumers

Outlook on Millennial Housing

According to a report by the Demand Institute, 79 percent of millennials are optimistic about their financial situation. As a result, 74 percent expect to move within the next five years, resulting in an additional 8.3 million millennial households by …

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Millennials and Baby Boomers Moving in Opposite Directions

As the economy is continuing to improve, Baby Boomers and Millenials are moving to opposite locations based on their current needs. According to an article by Realtor Mag, 17 million American move to a different county each year. Millenials are …

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Consumers Demand Peace of Mind from Products

A new national study conducted for Lowe’s reveals that security/safety is the primary driver behind consumers’ desires to purchase home automation equipment. Cost remains the barrier. According to CEPro, the data from the Lowe’s 2014 Smart Home Survey reveals that a …

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Shoppers Turn Away from Brick-and-Mortar

According to a recent Wall Street Journal article, U.S. retailers are facing a steep and persistent drop in store traffic, which is weighing on sales and prompting chains to slow store openings as shoppers make more of their purchases online. …

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Rich Customers Opt for Warehouse Clubs

While warehouse clubs might be perceived to be the domain of those looking to stretch a tight budget, new research from Mintel reveals that it is not just those of lower incomes. According to Retailcustomerexperience.com, high income consumers think their …

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Mobile Retail Apps Continue to Be Popular Across Generations

CFI Group has published its Retail Satisfaction Barometer, which reveals consumer expectations during the shopping process, specifically noting the popularity of mobile technology. The report uncovered that the use of mobile applications for shopping purposes doubled in the past year, …

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Technology Bridges Gap Between Online and Physical Stores

As consumers have become increasingly reliant on mobile devices, consulting apps, websites and online reviews to help dictate purchase decisions, the future of brick-and-mortar retailers once seemed bleak. But, just as consumers tend to move through ebbs and flows that …

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Millennials Account for Nearly One-Third of Recent Home Purchases

The numbers are in: Millennials – those age 33 and younger – take the top spot as the largest group of recent homebuyers in the U.S. According to the 2014 National Association of Realtors Home Buyer and Seller Generational Trends …

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