Retail

Consumer buying data based on receipts from Millennials, Generation X, and Boomers

Consumer buying data based on receipts from Millennials, Generation X, and Boomers

The retail environment has seen great disruption from a combination of pervasive discounting, new entrants, the evolution of new technologies, and vastly changed consumer behavior. This has had an impact on consumer loyalty and made gaining share a significant challenge. Understanding specific consumer groups’ buying behaviors is more important than ever. The NPD Group and the Wharton School’s Baker Retailing[Read More…]

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Gap Opens Forth & Towne to target Mature Women

Gap Opens Forth & Towne to target Mature Women

Gap Inc.’s New Concept Offers Four Distinct Brands Inside One Unique Shopping Destination for Women Gap Inc., today announced the debut of Forth & Towne, the company’s new women’s apparel retail concept. Forth & Towne opens tomorrow, August 24, in the Palisades Center Mall in West Nyack, New York, and will open four stores in the Chicago area on August[Read More…]

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Golden opportunity with Seniors and Boomers

Golden opportunity with Seniors and Boomers

Today, baby boomers and seniors account for the majority of all CPG expenditures. Over the next 25 years, the population of Americans aged 65 and older will double, and spending by this group will exceed $230 billion in less than a decade. This segment of the population spends heavily on healthcare, and embraces proactive prevention in attempt to minimize the[Read More…]

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Baby Boomer attitudes on CPG spending, retail habits

Baby Boomer attitudes on CPG spending, retail habits

At 80 million strong, baby boomers are one of the largest demographics in the United States. They spent more than $160 billion on packaged goods last year alone and are just entering their golden years, so their impact on the CPG, retail and health care industries will be felt for years to come. The latest SymphonyIRI Times & Trends Report,[Read More…]

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Many Conventional Views about Baby Boomer Shoppers are Incorrect

Baby boomers represent a potential $46 billion opportunity as well as a challenge for today’s retailers, according to a new report, “The IRI Baby Boomers Report: Understanding the Emerging Trends in Baby Boomer Spending” from Information Resources, Inc. (IRI), the leading global provider of enterprise market information solutions. At approximately 78 million people, baby boomers are one of the largest[Read More…]

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Wal-Mart Canada named a Best Employer for 50-Plus Canadians

Wal-Mart Canada named a Best Employer for 50-Plus Canadians

Wal-Mart Canada was today listed among the nine best employers for Canadians age 50 and above, as identified by the Workplace Institute and judged by a panel of professionals specializing in mature workforce issues. As the only retailer on the list, Wal-Mart was applauded for its training, recognition, and workplace culture. Specific to its associates age 50 and up, the[Read More…]

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US : The Gymboree Corporation Launches New Specialty Retail Concept

The Gymboree Corporation announced the launch of Janeville(TM), a new retail concept offering clothing and accessories for women in their mid-30s and older who value modern styling, comfort and individuality. The Gymboree Corporation will open the first three Janeville stores throughout April, and plans on opening a total of 10 stores in 2004. “We’ve designed Janeville clothing in collections so[Read More…]

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Japan : Retail industries target Seniors

Japan : Retail industries target Seniors

After three decades in Japan, convenience stores are beginning to show their age. Or at least cater to age. The stores are stepping up efforts to attract more middle-aged and elderly customers by introducing barrier-free shopping and products designed specifically for them. Seven-Eleven Japan Co., the leading chain operator, started opening barrier-free outlets in May that feature floor space of[Read More…]

Supermarketers target Seniors in Austria

North American supermarketers are watching with interest a European experiment in catering to the needs of older citizens. In 2003, the Adeg supermarket chain launched Adeg Aktiv Markt 50+ in Salzburg, Austria, designed specifically to appeal and cater to older customers. Its sales ran 5 percent above the chain average, prompting Adeg to open another 50+ store in Salzburg and[Read More…]

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