Euclid Analytics consumer survey shows retailers need to capitalize on social media engagement, mobile tactics and in-store interactions to target this mobile-first generation
SAN FRANCISCO, CA--(Marketwired - Mar 8, 2017) - Euclid Analytics, the leader in retail analytics and omni-channel engagement, today revealed the results of its Evolution of Retail, 2017 Generation Z Shopper survey report, which highlights the shopping behavior of Generation Z (Gen Z) consumers, alongside other consumer shopping behavior and preferences. The commissioned survey polled over 1,500 consumers from the U.S., and found that digital touchpoints -- whether it's social media, a brand's website or targeted emails -- drive Generation Z to identify the products they want, before pushing them in-store to purchase. To capture this audience, physical retailers need to balance personalized, digital methods with compelling in-store experiences to engage with these mobile-first customers.
According to the Euclid Analytics survey, 53 percent of Gen Z shoppers shop in retail stores at least once a week, and the National Retail Federation indicates they hold an estimated $44 billion in buying power, creating a tremendous opportunity for retailers to attract and engage with a new set of customers. The Gen Z population, born between the late 1990s and the mid-2000s, is set to reach 2.6 billion by 2020 and is the first generation to have grown up alongside smart devices, social media networks, and fast-changing consumer messaging platforms. Gen Z shoppers are increasingly motivated by the convenience and personalization found online, forcing retailers to cater to new behaviors and expectations.
Euclid Analytics' study reveals what retailers should know about the Gen Z shopper versus other generations and how they can adapt their marketing strategies to engage with this mobile-first shopper.
Key findings from the survey include:
"Retailers should reach out to Generation Z at this early stage to introduce their brands and forge enduring relationships," said Brent Franson, CEO of Euclid Analytics. "Our findings highlight some great opportunities for them to connect with this mobile-first population that's still very much interested in meaningful in-store experiences. Winning their loyalty will mean getting creative about using mobile and social marketing outreach in their physical stores."
To download a free copy of Evolution of Retail: 2017 Generation Z Shopper Report, visit: http://owl.li/5BbO309DVKs
About Euclid Analytics
Euclid Analytics connects retailers with the transformative insights they need to best reach, inspire and serve their customers, increasing their lifetime value in the process. Through Wi-Fi based solutions that illuminate in-store behavior, support a single view of customers, and precisely measure store influence, retailers can deliver the consistent cross-channel experiences that delight these shoppers, no matter if they purchase via mobile, the web or in person. Euclid's growing network captures billions of measurements monthly across 65 countries and tens of thousands of locations, analyzing hundreds of millions of physical customer touch points yearly.
Euclid is backed by leading venture capital firms Benchmark Capital and NEA, as well as Cox Enterprises and Groupe Arnault, the controlling shareholder of LVMH - Moët Hennessy Louis Vuitton, the world leader in luxury products.
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