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Innovative Thinking For Business.
# 1# 2# 3# 4# 5
KEY POINTS FOR
UNDERSTANDING MILLENNIALS:
RETAIL
JC Innovation & Strategy is an insight consultancy based in London.
Using research, trends and cultural analysis we identify business
opportunities for our clients by understanding how contemporary
culture shapes the way in which people consume and interact with
brands, products and services. We have extensive expertise in
understanding Millennials in different sectors.
This document provides you with 5 key statements about the
Millennial generation based on previous research we have done in
the FMCG and Fast Food sector. These statements will identify the
key areas of importance to understand when considering the
Millennial generation.
INTRODUCTION	

# 1# 2# 3# 4# 5
KEY POINTS	

#1
MILLENIALS ARE CREATIVE
See	
  Also	
  
The	
  Huffington	
  Post:	
  Crea%vity	
  Is	
  the	
  Currency,	
  Nay,	
  Philanthropy	
  of	
  Our	
  
Genera%on	
  
h/p://www.huffingtonpost.com/courtney-­‐spence/millennials-­‐
crea<vity_b_3055101.html	
  
	
  
	
  
Millennials are the creative generation. They want their retail
experiences to reflect their creativity and have the capacity to include
the qualities that creativity encompasses. This means, amongst other
things, that the retail experience should have the capacity for the
dynamism of spontaneity. It should also allow the consumer to be
adventurous if they want to, and tailor their offering to their specific
needs at the moment of purchase.
KEY POINTS	

#2
MILLENIALS ARE PROACTIVE
It is really important for millennial to have control over their retail
experience, they want to be active participants within the retail
process and not passive consumers. They should have the capacity
to be included in the retail process as much as they wish. This can be
seen in the popularity of Fast Casual restaurants such as Chipotle or
Subway where the customer has a basic level of control over which
ingredients are in their food. This small intervention has a positive
effect, allowing them to be confident of the quality of the ingredients.
See	
  Also	
  
Y	
  PULSE:	
  MILLENNIALS	
  SOUND	
  OFF:	
  THE	
  RETAIL	
  EXPERIENCES	
  THEY	
  WANT	
  
h/p://www.ypulse.com/post/view/millennials-­‐sound-­‐off-­‐the-­‐retail-­‐
experiences-­‐they-­‐want	
  
	
  
KEY POINTS	

#3
AUTHENTICITY MEANS QUALITY
Authenticity is an extremely important quality for any millennial
brand, but knowing where and how to leverage authenticity is
critical. Over the next 2 pages we will look at 2 different routes to
authenticity – Fixed and Dynamic.
Fixed or Heritage Authenticity
Fixed Authenticity is when the brand or experience has either a
certain quality or heritage which elevates it above the competition.
This includes the ability to prove the providence and quality of
ingredients. Fixed authenticity has a long shelf life as long as the
brand remains trust worthy in the eyes of the consumer.
See	
  Also	
  
Forbes:	
  Authen%city:	
  The	
  Way	
  To	
  The	
  Millennial's	
  Heart	
  
h/p://www.forbes.com/sites/karlmoore/2014/08/14/authen<city-­‐the-­‐way-­‐
to-­‐the-­‐millennials-­‐heart/	
  
Forbes:	
  How	
  Millennials	
  Will	
  Dictate	
  The	
  Future	
  Of	
  Fast	
  Food	
  
h/p://www.forbes.com/sites/maggiemcgrath/2014/04/18/how-­‐millennials-­‐
will-­‐dictate-­‐the-­‐future-­‐of-­‐fast-­‐food/	
  
	
  
	
  
KEY POINTS	

#4
AUTHENTICITY MEANS YOU
UNDERSTAND ME
Dynamic or cultural authenticity
Dynamic authenticity tends to be driven from within the community,
where the retail experience fits into the landscape of a specific groups
culture. For example Airbnb was started by two guys trying to pay the
rent of their San Francisco loft by renting out their living room. It has
grown to be hugely successful because the offer tied perfectly into the
share economy culture of it’s customers. This combined with a retail
experience that sits naturally within the lives of it’s customers makes
for a potent combination.
KEY POINTS	

#5
PHYSICAL AND DIGITAL
EXPERIENCES SHOULD INTEGRATE
SEAMLESSLY
As the first generation to grow up with digital technology the seamless
interplay between digital and physical experiences is a baseline
requirement. For Millennials mobile technology is both an extension of
the physical world and a way of experiencing it.
The interaction between the digital and physical experience of the
brand is critical, and offers a huge potential to offer new retail
experiences that are scalable and can be updated quickly.
CONTACT	

DR JOHN CURRAN
Business Anthropologist
CEO
JC Innovation & Strategy Ltd.
john@jc-is.com
OWEN WELLS MA
Senior Cultural Analyst & Research Strategist
JC Innovation & Strategy Ltd.
owen@jc-is.com
www.jc-is.com
www.drjcurran.com
CONTACT US TO DISCUSS FURTHER ABOUT OUR IDEAS AND
APPROACH

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Jcis 5 key_points_for_understanding_millennials_retail

  • 1. Innovative Thinking For Business. # 1# 2# 3# 4# 5 KEY POINTS FOR UNDERSTANDING MILLENNIALS: RETAIL
  • 2. JC Innovation & Strategy is an insight consultancy based in London. Using research, trends and cultural analysis we identify business opportunities for our clients by understanding how contemporary culture shapes the way in which people consume and interact with brands, products and services. We have extensive expertise in understanding Millennials in different sectors. This document provides you with 5 key statements about the Millennial generation based on previous research we have done in the FMCG and Fast Food sector. These statements will identify the key areas of importance to understand when considering the Millennial generation. INTRODUCTION # 1# 2# 3# 4# 5
  • 3. KEY POINTS #1 MILLENIALS ARE CREATIVE See  Also   The  Huffington  Post:  Crea%vity  Is  the  Currency,  Nay,  Philanthropy  of  Our   Genera%on   h/p://www.huffingtonpost.com/courtney-­‐spence/millennials-­‐ crea<vity_b_3055101.html       Millennials are the creative generation. They want their retail experiences to reflect their creativity and have the capacity to include the qualities that creativity encompasses. This means, amongst other things, that the retail experience should have the capacity for the dynamism of spontaneity. It should also allow the consumer to be adventurous if they want to, and tailor their offering to their specific needs at the moment of purchase.
  • 4. KEY POINTS #2 MILLENIALS ARE PROACTIVE It is really important for millennial to have control over their retail experience, they want to be active participants within the retail process and not passive consumers. They should have the capacity to be included in the retail process as much as they wish. This can be seen in the popularity of Fast Casual restaurants such as Chipotle or Subway where the customer has a basic level of control over which ingredients are in their food. This small intervention has a positive effect, allowing them to be confident of the quality of the ingredients. See  Also   Y  PULSE:  MILLENNIALS  SOUND  OFF:  THE  RETAIL  EXPERIENCES  THEY  WANT   h/p://www.ypulse.com/post/view/millennials-­‐sound-­‐off-­‐the-­‐retail-­‐ experiences-­‐they-­‐want    
  • 5. KEY POINTS #3 AUTHENTICITY MEANS QUALITY Authenticity is an extremely important quality for any millennial brand, but knowing where and how to leverage authenticity is critical. Over the next 2 pages we will look at 2 different routes to authenticity – Fixed and Dynamic. Fixed or Heritage Authenticity Fixed Authenticity is when the brand or experience has either a certain quality or heritage which elevates it above the competition. This includes the ability to prove the providence and quality of ingredients. Fixed authenticity has a long shelf life as long as the brand remains trust worthy in the eyes of the consumer. See  Also   Forbes:  Authen%city:  The  Way  To  The  Millennial's  Heart   h/p://www.forbes.com/sites/karlmoore/2014/08/14/authen<city-­‐the-­‐way-­‐ to-­‐the-­‐millennials-­‐heart/   Forbes:  How  Millennials  Will  Dictate  The  Future  Of  Fast  Food   h/p://www.forbes.com/sites/maggiemcgrath/2014/04/18/how-­‐millennials-­‐ will-­‐dictate-­‐the-­‐future-­‐of-­‐fast-­‐food/      
  • 6. KEY POINTS #4 AUTHENTICITY MEANS YOU UNDERSTAND ME Dynamic or cultural authenticity Dynamic authenticity tends to be driven from within the community, where the retail experience fits into the landscape of a specific groups culture. For example Airbnb was started by two guys trying to pay the rent of their San Francisco loft by renting out their living room. It has grown to be hugely successful because the offer tied perfectly into the share economy culture of it’s customers. This combined with a retail experience that sits naturally within the lives of it’s customers makes for a potent combination.
  • 7. KEY POINTS #5 PHYSICAL AND DIGITAL EXPERIENCES SHOULD INTEGRATE SEAMLESSLY As the first generation to grow up with digital technology the seamless interplay between digital and physical experiences is a baseline requirement. For Millennials mobile technology is both an extension of the physical world and a way of experiencing it. The interaction between the digital and physical experience of the brand is critical, and offers a huge potential to offer new retail experiences that are scalable and can be updated quickly.
  • 8. CONTACT DR JOHN CURRAN Business Anthropologist CEO JC Innovation & Strategy Ltd. john@jc-is.com OWEN WELLS MA Senior Cultural Analyst & Research Strategist JC Innovation & Strategy Ltd. owen@jc-is.com www.jc-is.com www.drjcurran.com CONTACT US TO DISCUSS FURTHER ABOUT OUR IDEAS AND APPROACH