Gen Z Is Changing Shopping Forever
Newsweek|March 11, 2022
How? For starters, choosing brands that take stands on social issues and even reflect the whims of social media stars. Here are four ways all that is happening
Gen Z Is Changing Shopping Forever
GEN Z SHOPPERS ARE RADIcally changing the retail world. Notice more “buy now, pay later” services offered at online checkouts? QR codes on store shelves? You're welcome, says Gen Z.

Defined by the Pew Research Center as those born between 1997 and 2012, Gen Z have accelerated a number of shopping trends Millennials started while simultaneously carving out several new ones of their own. And for retailers, the stakes are high to adapt. The generation's buying power is more than $140 billion, consulting firm Barkley Inc. estimates.

Here are four ways Gen Z is flexing its muscles. .

Redefining Value Shopping

Brand hunting used to, largely, center around the price, quality, and customer experience. But Gen Z wants more: brands that feel authentic in their messaging and support social causes important to them like racial equality and environmental protection, says The Center for Generational Kinetics, a Gen Z market research and consulting firm.

Gen Z ranks brand authenticity much higher as a factor in their purchasing decision than all other adults, data from eMarketer found. For example about eight in 10 said they would trust a company more if it used real customer images in its ads, according to a survey from WP Engine. In other words: less polished says Salesforce.com research.

Brands must be genuine and vocal about the causes they support and how they support them as well. That same WP Engine survey found that 72 percent of Gen Z shoppers were more likely to buy from a company that contributes to a social cause. And they claim they're willing to spend a bit more for that product, too. According to research from The Center for Generational Kinetics: some $14.45 more, on average, per $50 purchase (or $3.86 more than Millennials).

Diese Geschichte stammt aus der March 11, 2022-Ausgabe von Newsweek.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der March 11, 2022-Ausgabe von Newsweek.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS NEWSWEEKAlle anzeigen
Wendi McLendon-Covey
Newsweek US

Wendi McLendon-Covey

AFTER 10 YEARS OF PLAYING BEVERLY GOLDBERG ON THE GOLDBERGS, Wendi McLendon-Covey was not eager for a break. \"I need to go do a job where I can just throw everything at it and then come home totally exhausted.\"

time-read
1 min  |
November 22, 2024
'I'm the Highest Earner in Esports'
Newsweek US

'I'm the Highest Earner in Esports'

Johan \"NOtail\" Sundstein has won over $7 million but says, \"I don't really crave that status.... I play for my own reasons\"

time-read
6 Minuten  |
November 22, 2024
AMERICA'S BEST Weight Loss CLINICS & CENTERS 2025
Newsweek US

AMERICA'S BEST Weight Loss CLINICS & CENTERS 2025

WHETHER IT'S FOR MEAL PLANS, PROFESSIONAL guidance or access to medications like GLP-1s, weight loss clinics can offer personalized assistance for those hoping to make sustainable lifestyle changes.

time-read
3 Minuten  |
November 22, 2024
AMERICA'S MOST ANTICIPATED NEW VEHICAL 2025
Newsweek US

AMERICA'S MOST ANTICIPATED NEW VEHICAL 2025

WHETHER IT'S A NEWLY IMAGined sport utility vehicle or the re-emergence of a highly regarded halo car, the vehicles coming to market in 2025 prove that Americans' attitudes about personal transportation are diverse and are being served from all angles.

time-read
10+ Minuten  |
November 22, 2024
'THIS IS WHAT DEMOCRACY LOOKS LIKE'
Newsweek US

'THIS IS WHAT DEMOCRACY LOOKS LIKE'

What Donald Trump's historic U.S. presidential election victory means to America - and the world

time-read
8 Minuten  |
November 22, 2024
Trump Won, Mainstream Media Lost
Newsweek US

Trump Won, Mainstream Media Lost

A broken business model exacerbated by a collapse in influence has the Fourth Estate entering another Donald Trump term in trouble

time-read
10+ Minuten  |
November 22, 2024
Can Alternative Therapies Treat Cancer?
Newsweek US

Can Alternative Therapies Treat Cancer?

Doctor and breast cancer survivor Liz O'Riordan addresses misinformation around managing the disease

time-read
5 Minuten  |
November 15, 2024
Falling for Romance
Newsweek US

Falling for Romance

A new book, Nora Ephron at the Movies, celebrates the writer/director best known for her iconic rom-coms and strong female characters

time-read
5 Minuten  |
November 15, 2024
Cracking the Norse Code
Newsweek US

Cracking the Norse Code

Walrus DNA has shown that Vikings were likely the first to have encountered Indigenous North Americans

time-read
4 Minuten  |
November 15, 2024
Monumental Shift
Newsweek US

Monumental Shift

The discovery of 165-million-year-old crystals Easter Island has upended the longheld notion of how the Earth's \"conveyor belt\" moves

time-read
6 Minuten  |
November 15, 2024