If you were born between 1997 and 2012 you are referred to as “Gen Z.” Makes you wonder what’s next, since “Z” is the last letter of the alphabet.
But that aside, this new generation prefers to shop in old fashioned brick-and-mortar stores. Why? Because it’s entertaining and fun. Does this mean the death of retail has been greatly exaggerated? We think so.
What’s interesting here is that, according to a new study by Morning Consult, “(They) will be the largest, most ethnically diverse, best educated, and most financially powerful generation ever.”
Gen Z‘ers were spending their first dime when two-day delivery was common. They were making their first purchases when the convenience of home delivery was the latest thing. So, why didn’t they jump on the online bandwagon?
Is there something missing in e-commerce that these first timers noticed? Was it that when they looked at these two shopping experiences side by side, neither was new nor shiny? They were simply what was available. And when they looked at these two options, why did they choose bricks and mortar?
To read the complete article, please visit The Business Journals
Who We Are
Michael Houlihan and Bonnie Harvey co-authored the New York Times bestselling business book, The Barefoot Spirit: How Hardship, Hustle, and Heart Built America’s #1 Wine Brand. The book has been selected as recommended reading in the CEO Library for CEO Forum, the C-Suite Book Club, and numerous university classes on business and entrepreneurship. It chronicles their humble beginnings from the laundry room of a rented Sonoma County farmhouse to the board room of E&J Gallo, who ultimately acquired their brand and engaged them as brand consultants. Barefoot is now the world’s largest wine brand.
Beginning with virtually no money and no wine industry experience, they employed innovative ideas to overcome obstacles, create new markets and forge strategic alliances. They pioneered Worthy Cause Marketing and performance-based compensation. They built an internationally bestselling brand and received their industry’s “Hot Brand” award for several consecutive years.
They offer their Guiding Principles for Success (GPS) to help entrepreneurs become successful. Their book, The Entrepreneurial Culture: 23 Ways To Engage and Empower Your People, helps corporations maximize the value of their human resources.
Currently they travel the world leading workshops, trainings, & keynoting at business schools, corporations, conferences. They are regular media guests and contributors to international publications and professional journals. They are C-Suite Network Advisors & Contributing Editors. Visit their popular brand building site at www.consumerbrandbuilders.com.
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