Search News


Bricks and mortar stores still matter to millennials

Posted by: The Market Creative | Date added: Fri 10 Mar 2017

Despite their affinity for online shopping the majority of millennials haven’t completely abandoned the high street and still value physical stores, reveals a new report by The Market Creative.

Despite their affinity for online shopping the majority of millennials haven’t completely abandoned the high street and still value physical stores, reveals a new report by The Market Creative.

The ‘Future of Marketing’ aims to capture some of the directions, trends and possibilities shaping marketing today and in the future. As well as views from experts in e-commerce social media and advertising, it delves into the wider context including media landscape and audience.

As millennials come of age, moving into their prime spending years, the report compares online and instore shopping habits.

It showed that 58% of millennials visit a physical store at some point when making a purchase, particularly when shopping for furniture, homewares, DIY and gardening equipment.

And while 42% of millennials mainly shop online, a significant proportion (29%) prefer to mainly shop instore.

The survey also asked if millennials thought ecommerce would eventually lead to the demise of the high street.

Of the 73% who said physical stores would survive, 52% said it was because of the need to see and try products before buying. One in five said they enjoyed the social aspect of shopping.

Of the 27% who predicted the disappearance of stores on the high street, 52% said this would be down to the ease of shopping online while 38% cited it was because buying online tends to be cheaper.

This supports the price sensitive nature of the millennial generation. The survey found that 61% of millennials believe that they should never have to pay full price.

Sue Benson, Managing Director at The Market Creative said: “As millennials mature and move into their prime spending years, they are becoming the most important group for many retailers and brands. It’s important that we grasp the behavioural and attitudinal differences compared to previous generations, so we can shape and deliver shopping experiences that meet them on their terms.

“Despite being digital natives, the high street is still important to them, but to survive retailers must acknowledge the importance of cost and convenience. Giving people a reason to hit the high street, making it an enjoyable and easy experience and offering a price matching service are must-haves.”

The ‘Future of Marketing’ report is available to download at themarketcreative.com
 

See more from The Market Creative


The Market Creative

http://www.themarketcreative.com

2nd floor, Cooper House, 380a Third Avenue, Manchester, Greater Manchester, M17 1JE
Telephone 0161 872 7813

Other articles by The Market Creative:


The Market Creative launches emotive TV campaign for Sharps

The Market Creative launches emotive TV campaign for Sharps

The Market Creative has developed a new TV campaign for Sharps bespoke fitted wardrobes, capturing the emotional benefits of feeling beautifully organised.

Date added: Wed 04 Oct 2017


The Market Creative lands New Balance marketing brief

The Market Creative has been appointed to develop a summer sale campaign to run in New Balance stores and outlets across Europe.

Date added: Thu 25 May 2017


The Market Creative retains Plumbase account

The Market Creative retains Plumbase account

Following a competitive two-way pitch, Plumbase has reappointed The Market Creative for a retained marketing brief.

Date added: Wed 15 Feb 2017


Sharps Bedrooms launches £1.2m winter campaign with The Market Creative

Sharps Bedrooms launches £1.2m winter campaign with The Market Creative

Following a record autumn campaign, Sharps Bedrooms is launching a £1.2m winter drive conceived by The Market Creative.

Date added: Tue 01 Jan 2013


The Market strengthens team with two new appointments

The Market strengthens team with two new appointments

The Market has expanded its account handling team with two new appointments following several business wins.

Date added: Tue 04 Dec 2012