Consumerism in crisis as millennials stay away from shops

  • Brendan Canavan

    Press/Media: Expert Comment

    Description

    Brendan Canavan argues that the most serious long-term threat to traditional retail — more than Brexit or even Amazon - may be that consumerism is in terminal decline, with millennials staying away from shops, not only in the UK but in many other leading economies around the world.

    Period16 Jan 2019 → 10 Feb 2019

    Media contributions

    4

    Media contributions

    • TitleCommentary: Consumerism is hitting a crisis - millennials staying away from shops Read more at https://www.channelnewsasia.com/news/commentary/consumerism-hitting-crisis-millennial-shop-online-11194338
      Degree of recognitionInternational
      Media name/outletchannelnewsasia.com
      Media typeWeb
      Country/TerritoryUnited Kingdom
      Date10/02/19
      DescriptionPeople are buying less and are increasingly interested in experiences instead.

      Consumerism is arguably in terminal decline, with millennials leading the change, not only in the UK but in many other leading economies around the world.

      This includes an increased ambivalence towards consumption itself: People are buying less often and less overall. This is particularly true in the clothing industry, where research shows that millenials are especially unforthcoming – even after you factor in the shift to online retail.
      URLhttps://www.channelnewsasia.com/news/commentary/consumerism-hitting-crisis-millennial-shop-online-11194338
      PersonsBrendan Canavan
    • TitleConsumerism in terminal decline as millennials stay away from shops
      Media name/outletbusinesstimes.com.sg
      Country/TerritoryUnited Kingdom
      Date26/01/19
      DescriptionWith passive consumption on the wane, retailers must build long-term relationships with customers by offering enriching experiences.

      Consumerism is arguably in terminal decline, with millennials leading the change, not only in the UK but in many other leading economies around the world.
      URLhttps://www.businesstimes.com.sg/consumer/consumerism-in-terminal-decline-as-millennials-stay-away-from-shops
      PersonsBrendan Canavan
    • TitleConsumerism in crisis as millennials stay away from shops
      Degree of recognitionInternational
      Media name/outletMetro news
      Media typeWeb
      Country/TerritoryUnited Kingdom
      Date16/01/19
      DescriptionYet there is another crucially important culprit that is mostly overlooked. It happens to be the one that poses the most serious long-term threat to traditional retail — more than Brexit or even Amazon. Consumerism is arguably in terminal decline, with millennials leading the change, not only in the UK but in many other leading economies around the world.
      URLhttps://www.metro.news/consumerism-in-crisis-as-millennials-stay-away-from-shops/1395144/
      PersonsBrendan Canavan
    • TitleConsumerism in crisis as millennials stay away from shops
      Degree of recognitionInternational
      Media name/outletTimes Of Malta
      Media typeWeb
      Country/TerritoryUnited Kingdom
      Date16/01/19
      DescriptionConsumer studies academics have been picking up on changing habits for a number of years. This includes an increased ambivalence towards consumption itself: people are buying less often and less overall. This is particularly true in the clothing industry, where research shows that millenials are especially unforthcoming – even after you factor in the shift to online retail.
      URLhttps://www.timesofmalta.com/articles/view/20190116/business/consumerism-in-crisis-as-millennials-stay-away-from-shops.699401
      PersonsBrendan Canavan
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