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The Millennial Report
Maximizing Millennials in a Modern World

                                           1
almost




80M
Americans born 1981 - 2000

         -- comScore




                             2
$170B
annual purchasing power
        -- comScore


                          3
• Tech-savvy
           • Connected 24/7
           • Confident
           • Optimistic
           • Independent
           • Self-reliant
           • Determined
           • Goal-oriented
           • Lifestyle-centered
           • Inclusive
           • Community-minded
           • Entrepreneurial
            -- Deloitte and Pew Research




What the Studies Reveal                    4
Digging Deeper




  Millennial Focus Group
                      5
Age 20     Age 24     Age 21      Age 20     Age 25




Millennials Speak Out
  Media, Technology, Communications, Social Networks, Shopping




                                   Produced by




                                                                 6
Do all of our panelists own
a smart phone?
Yes, of course.

Do they spend a ton of time
on their phone, updating
Facebook and shopping?
Definitely not.



                              7
Most Even
 Still Enjoy
Print Media




               8
As Expected, Tech
Plays a Significant
Role in Daily Life…
   Strong bias toward Apple
 laptops, smartphones, tablets
       and music players

 Primarily used for homework,
  music, socializing, shopping



                                 9
…But Tech Doesn’t
   Dominate




                    10
When it comes to mobile
          apps, these Millennials are
                very selective.
          They don’t waste time with
         apps they do not use or need.




Apps: Less is Definitely More           11
“I do not like to clutter my phone
               with a lot of apps, and I typically
               don’t like to have to pay for apps.”

               “My favorite apps are the ones
               that are informative, such as
               Yelp or The Good Guys.”

               “I usually have fewer than 10 apps
               on my phone, and more than half
               are for information purposes.”




Apps: Less is Definitely More                         12
To Be, or Not to Be (Social)
 All panelists have very
  active social graphs:
  >400 Friends Each

They all spend some time
 on Facebook, Twitter &
        Pinterest…
but the time they spend
     is diminishing…
 and they rarely contribute


                               13
To Be, or Not to Be (Social)
    “I usually check my Facebook
    page the last 15 minutes of the
    day or first thing in the
    morning.”

    “My time spent on Facebook
    has definitely changed…I don’t
    provide as many updates
    about myself…”




                                      14
Retail Reacts to Social Patterns
        “These kids are busy! They aren’t spending
        every waking minute on social media and they
        don’t really ‘get’ the value of Twitter.”

        “Perhaps that is the reason why there are
        more 34-44-year olds on Twitter, because
        they have more time.”


            “When it came to social media, I think we
            were all surprised at their lack of usage of
            these platforms.”




                                                           15
“Old School” Shoppers?




               Although they will research and purchase
               online, our panelists prefer to be inside a store
               talking to a helpful, human sales associate

                                                             16
Modern Tools are Mandatory
Mobile POS and QR codes in the store enhance their
shopping experience and help earn their loyalty


                                         All-Channel Fulfillment Flexibility
                                                     “I like to research products online
                                                     and purchase the product in the
                                                     store. I also like to return products
                                                     to the store rather than via mail.”

                                                     “I like the option to buy online and
                                                     pick-up in store because I typically
                                                     spend more money in the store
                                                     than I originally spent online.”




                                                                                             17
“I don’t like apps that require
        access to my Facebook data to
        personalize the app experience.”

        “I prefer e-mails about discounts
        and offers from a retailer, not
        text messages.”




        “These students are very adamant about
        protecting their privacy and are not as
        technically savvy as we expected.”




Modern, Yes. Invasive, No                         18
The panelists generally do not use
retailer apps unless there is a discount
offer to make it worth the download




                                           19
“I do not prefer ads on Facebook.
I am more influenced by my
friends on services and products.”


“I Like some retailers on Facebook,
but Follow more brands and will
‘like’ specific products.”

“Bloggers are a good way to get
information and good ideas. I like
the images and the fact that their
style is more informal and less
corporate-focused.”



                              Social Shopping:
                   Engaged…But at Arms’ Length
                                            20
1
    Respect their Time.
    All panelists responded to several questions with passionate pleas for shopping
    tools and messages that respect their time and make it convenient to connect.




2
    Pick Your Spots.
    Don’t overwhelm them with advertising and promotions in every channel. Make
    the effort to understand each shopper’s preferences, and respect their wishes.




3
    Be There.
    Retailers & brands need to be available everywhere. They shop and compare
    online and in the store. And they want access on their phone & social networks.




4
    Opinions Matter.
    They were unanimous in their appreciation of the opinions of their peers and
    fellow shoppers, and listed blogs, reviews and comments as very influential.




5
    Connect the Dots.
    As evidenced by their busy schedules, crowded social networks, and desire for
    efficiency, connecting the store to the customer to the direct channels is critical.



                                       Summary Takeaways                                   21
Scooter Reyes, 24
     AA in Visual Communications;
     pursuing a Bachelors degree
     in Business Management
     Scooter.FIDM@gmail.com




                                    Erin Martini, 21
                                    Product Development, Int’l Mfg
                                    & Product Development;
                                    pursuing a B.S. in Business
                                    efmartini@att.net




Continuing the Conversation                                    22
Q1:
Typical Shopping
Journey?




                   23
Q2:
Differences Shopping
for Groceries and
Staple Items?
                       24
Q3:
Evolving Role of Mobile?
                           25
Q4:
Top Purchase
Influencers?



           26
Q5:
What Marketers
Shouldn’t Do?



                 27
Full Report Now
Available Online
 Download Your Copy Today




http://www.redprairie.com/commerce-in-motion/millennial-report-ebook.aspx


                                                                            28
RedPrairie is
Commerce in
Motion




                29
Be There When Where, and How Millennials
Want You to Be, On Any Device




                              delivering a true



                             360°
                               customer view




                                                  30
Connect and Inform Salespeople for
Differentiating Store Experiences




                                     31
Questions for Erin
and Scooter?
Use the Q&A window on
your WebEx Control Panel
to submit your questions
for our Millennial Panelists




                               32
Scooter Reyes, 24
                                      Scooter.FIDM@gmail.com




                                                               Erin Martini, 21
                                                               efmartini@att.net




----------- COMING SOON -----------

             Tweetchat featuring
   10/17     Erin and Scooter
             #MillennialRpt




                       Continuing the Conversation                            33
Thank You!

David.Bruno@RedPrairie.com

                             34

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The Millennial Report

  • 1. The Millennial Report Maximizing Millennials in a Modern World 1
  • 2. almost 80M Americans born 1981 - 2000 -- comScore 2
  • 4. • Tech-savvy • Connected 24/7 • Confident • Optimistic • Independent • Self-reliant • Determined • Goal-oriented • Lifestyle-centered • Inclusive • Community-minded • Entrepreneurial -- Deloitte and Pew Research What the Studies Reveal 4
  • 5. Digging Deeper Millennial Focus Group 5
  • 6. Age 20 Age 24 Age 21 Age 20 Age 25 Millennials Speak Out Media, Technology, Communications, Social Networks, Shopping Produced by 6
  • 7. Do all of our panelists own a smart phone? Yes, of course. Do they spend a ton of time on their phone, updating Facebook and shopping? Definitely not. 7
  • 8. Most Even Still Enjoy Print Media 8
  • 9. As Expected, Tech Plays a Significant Role in Daily Life… Strong bias toward Apple laptops, smartphones, tablets and music players Primarily used for homework, music, socializing, shopping 9
  • 10. …But Tech Doesn’t Dominate 10
  • 11. When it comes to mobile apps, these Millennials are very selective. They don’t waste time with apps they do not use or need. Apps: Less is Definitely More 11
  • 12. “I do not like to clutter my phone with a lot of apps, and I typically don’t like to have to pay for apps.” “My favorite apps are the ones that are informative, such as Yelp or The Good Guys.” “I usually have fewer than 10 apps on my phone, and more than half are for information purposes.” Apps: Less is Definitely More 12
  • 13. To Be, or Not to Be (Social) All panelists have very active social graphs: >400 Friends Each They all spend some time on Facebook, Twitter & Pinterest… but the time they spend is diminishing… and they rarely contribute 13
  • 14. To Be, or Not to Be (Social) “I usually check my Facebook page the last 15 minutes of the day or first thing in the morning.” “My time spent on Facebook has definitely changed…I don’t provide as many updates about myself…” 14
  • 15. Retail Reacts to Social Patterns “These kids are busy! They aren’t spending every waking minute on social media and they don’t really ‘get’ the value of Twitter.” “Perhaps that is the reason why there are more 34-44-year olds on Twitter, because they have more time.” “When it came to social media, I think we were all surprised at their lack of usage of these platforms.” 15
  • 16. “Old School” Shoppers? Although they will research and purchase online, our panelists prefer to be inside a store talking to a helpful, human sales associate 16
  • 17. Modern Tools are Mandatory Mobile POS and QR codes in the store enhance their shopping experience and help earn their loyalty All-Channel Fulfillment Flexibility “I like to research products online and purchase the product in the store. I also like to return products to the store rather than via mail.” “I like the option to buy online and pick-up in store because I typically spend more money in the store than I originally spent online.” 17
  • 18. “I don’t like apps that require access to my Facebook data to personalize the app experience.” “I prefer e-mails about discounts and offers from a retailer, not text messages.” “These students are very adamant about protecting their privacy and are not as technically savvy as we expected.” Modern, Yes. Invasive, No 18
  • 19. The panelists generally do not use retailer apps unless there is a discount offer to make it worth the download 19
  • 20. “I do not prefer ads on Facebook. I am more influenced by my friends on services and products.” “I Like some retailers on Facebook, but Follow more brands and will ‘like’ specific products.” “Bloggers are a good way to get information and good ideas. I like the images and the fact that their style is more informal and less corporate-focused.” Social Shopping: Engaged…But at Arms’ Length 20
  • 21. 1 Respect their Time. All panelists responded to several questions with passionate pleas for shopping tools and messages that respect their time and make it convenient to connect. 2 Pick Your Spots. Don’t overwhelm them with advertising and promotions in every channel. Make the effort to understand each shopper’s preferences, and respect their wishes. 3 Be There. Retailers & brands need to be available everywhere. They shop and compare online and in the store. And they want access on their phone & social networks. 4 Opinions Matter. They were unanimous in their appreciation of the opinions of their peers and fellow shoppers, and listed blogs, reviews and comments as very influential. 5 Connect the Dots. As evidenced by their busy schedules, crowded social networks, and desire for efficiency, connecting the store to the customer to the direct channels is critical. Summary Takeaways 21
  • 22. Scooter Reyes, 24 AA in Visual Communications; pursuing a Bachelors degree in Business Management Scooter.FIDM@gmail.com Erin Martini, 21 Product Development, Int’l Mfg & Product Development; pursuing a B.S. in Business efmartini@att.net Continuing the Conversation 22
  • 25. Q3: Evolving Role of Mobile? 25
  • 28. Full Report Now Available Online Download Your Copy Today http://www.redprairie.com/commerce-in-motion/millennial-report-ebook.aspx 28
  • 30. Be There When Where, and How Millennials Want You to Be, On Any Device delivering a true 360° customer view 30
  • 31. Connect and Inform Salespeople for Differentiating Store Experiences 31
  • 32. Questions for Erin and Scooter? Use the Q&A window on your WebEx Control Panel to submit your questions for our Millennial Panelists 32
  • 33. Scooter Reyes, 24 Scooter.FIDM@gmail.com Erin Martini, 21 efmartini@att.net ----------- COMING SOON ----------- Tweetchat featuring 10/17 Erin and Scooter #MillennialRpt Continuing the Conversation 33