Generation Z is an important consumer force . According to research by McKinsey, Generation Z accounts for 40% of global consumers . In 2020, Generation Z in the United States alone will have a spending power of approximately $150 billion.
E-commerce media Charged Retail believes that brands can win the favor of Generation Z in three ways :
Pursuit of personalization
Euclid A report from Deep Analytics shows that Generation Z desires personalized products more than any other group, and 80% of consumers are more likely to make a purchase when brands offer a more personalized shopping experience. According to research from Dive, 75% of Gen Z shoppers say they are more likely to buy a product if they can customize it.
Growing up in the internet world has undoubtedly shaped Generation Z’s attitude towards personalization . They are accustomed to sharing personal information and hope to get a shopping experience tailored to their personal needs .
Prioritize Instagram and Tik Tok
Retailers should focus on their social platforms when targeting Gen Z consumers .
Instagram remains an influential channel, with 33% of Gen Z preferring it, compared to 20% for Twitter and 15% for Facebook, according to a Piper Jaffray survey.
According to marketing platform Traackr, “Emerging brands are expected to achieve the most success through Instagram . Consumers are more likely to purchase newly discovered brands on the app. ”
TikTok’s influence is also on the rise . In 2021 , the video platform partnered with Shopify to begin piloting TikTok in the United States, the United Kingdom, and Canada. Shopping. Considering Tik Tok 60% of the audience are Generation Z, and it will also be an important e-commerce platform .
Abandoning gender categories
Gen Zers have more flexible views on gender than others . Half of Gen Zers believe that categorizing products by gender is outdated, and these values are reflected in their shopping habits.
According to a UNiDAYS study, 79% of Gen Z would have no qualms about buying clothing marketed to the opposite sex , while 23% believe that traditional gender-centric categories used by retailers are not only outdated, but also offensive .
Additionally, 56% do not actively follow fashion trends, but most prefer clothes that make them feel confident, with 87% saying they feel best when they wear "appropriate" clothes. Generation Z retail consumer |
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