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12 Industries That Will Thrive Thanks To Millennials

CB Insights

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

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Coachella’s Contextual Commerce: The Good, The Bad And The Flower Crown Ugly

PYMNTS

But setting up shop on the edge of the festival and hawking blatantly branded products is a little too gauche for Coachella attendees who want to preserve the festival’s sanctity (whether it ever existed or not), which leads more than a few companies to turn to social media and the tricks of contextual commerce.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. It has also meant working in anticipation of the changing needs of millennial users. It’s a really exciting time to be in the space.”.

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How TikTok ‘eGirls’ Helped Create A Multi-Million-Dollar Fashion Brand

PYMNTS

The brand has been well-known among Generation Z and millennial consumers for several years – particularly those into the clubbing and music festival scene. These are the types of things one can expect to find on the Dolls Kill online shopping portal – as well as off the rack in their San Francisco and Los Angeles physical locations.

Branding 131
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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Instead, new millennial-inspired and tech-infused dining trends have been emerging across the US and internationally. Many of yesterday’s casual dining brands are dying, but not because millennials “don’t eat out.” Automatic food: Cafe X (San Francisco). The weeknight bar: School Night (San Francisco).

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The Beauty Tech Revolution: The Startups, Investors, Products And Tech Reshaping Personal Care

CB Insights

San Francisco-based Yes To , which sells skin and hair products based on fruits and vegetables, raised a $56M Series B in June from Viking Global Investors. Startups are capitalizing on the trend by offering natural products, organic products, and even vegan products, and emphasizing transparency in their labeling. VMG Partners.

Trends 28
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The Wellness Economy: The Buzzy Trend Reshaping Everything From Personal Care To Real Estate

CB Insights

Notably, millennials are more lifestyle-focused, placing a greater value on health and wellness over material goods than ever before. According to Eventbrite data, 78% of millennials would choose to spend money on a desirable experience over buying physical goods. Meet Maya, our hypothetical wellness-focused millennial consumer.

Trends 76