This report bundles three trends JWTIntelligence has outlined in recent years that spotlight how retailers are evolving for an increasingly sophisticated digital and data-centric world: Retail As the Third Space, Predictive Personalization and Everything Is Retail. We’ve updated and revised these trends since their initial publication. The report also maps out 20-plus Things to Watch in Retail, from innovative business models to shifting consumer behaviors to the latest tech developments.
Research
Pew Hispanic Center re-brands itself as Pew Research Center’s Hispanic Trends Project.
The Pew Hispanic Center has been renamed “Pew Research Center’s Hispanic Trends Project.” It will be under the direction of Mark Hugo Lopez, who in July was named director of Hispanic research for the Pew Research Center.
Fear of Uncertainty: Hispanic Adult Millennials and Risk Aversion
Many of the posts focusing on specific insights from Tr3s’s 2012 research study Hispanic Adult Millennials Living the Next Normal: Age of Uncertainty have circled around an important theme: their desire to avoid risk. This week, we’re going to go into more depth on this topic because it is perhaps the most important piece of general information about Hispanic Adult Millennials to emerge from our research.
How Hispanic Adult Millennials Spend Their Time
How are Hispanic Adult Millennials spending their time? Tr3s sought an answer to this question in its 2012 research study, Hispanic Adult Millennials Living the Next Normal: Age of Uncertainty. Looking at how their time is distributed between family, friends, school, and “me time,” Tr3s made comparisons between Hispanics and non-Hispanics 18 to 29 who live with their parents, as well as those who have moved out to form their own families. By Insight Tr3s
Census Bureau Interactive Map shows Languages Spoken in America.
The U.S. Census Bureau released an interactive, online map pinpointing the wide array of languages spoken in homes across the nation, along with a detailed report on rates of English proficiency and the growing number of speakers of other languages.
50% of Global Consumers willing to pay more for Goods, Services from Socially Responsible Companies.
Fifty percent of global consumers surveyed are willing to pay more for goods and services from companies that have implemented programs to give back to society, an increase of five points (45%) from 2011, according to a new study from Nielsen, a leading global provider of information and insights into what consumers watch and buy. Willingness to spend more with socially responsible companies increased in 74 percent of the countries Nielsen measured.
Latino Food Purchases driven by Functional and Emotional Values. [INSIGHT]
A new study called The Multi-Cultural Latino Consumer finds that though Latinos are far from homogenous, diverse segments overall stay true to significant commonalities when it comes to food, in particular their preference for fresh, local and whole ingredients and traditional dishes that help preserve their connection to their family and country of origin.
Latina Power Shift. [Report]
U.S. Hispanic women, also known as Latinas, have recently and rapidly surfaced as prominent contributors to the educational, economic, and cultural wellbeing of not only their own ethnicity, but of American society and the consumer marketplace. This rise of Latinas is driven both by strong demographics and a healthy inclination to embrace and retain their Hispanic culture even as they make significant strides toward success in mainstream America.
Viva La Audienca. [REPORT]
Today’s growing US Hispanic market is a fascinating place. On the one hand, traditional values abound, on the other, we find a dynamic and tech-savvy segment of the population. This multi-faceted combination creates a mosaic that is at once both beautiful and confusing. Marketers are justifiably keen on leveraging both English and Spanish language ads to reach and connect with this rapidly growing segment of the population.
Hispanic Adult Millennials: Enthusiastic Mall Shoppers. [INSIGHT]
Is the shopping mall a dying institution? Last December, The Atlantic published an article, “The Death of the American Shopping Mall,” reporting that e-commerce poses a major threat to shopping centers as we know them. As people make more purchases online, this story suggests that fewer people will shop in physical locations and we won’t need as many malls. By Insight Tr3s
The Mexican American Professionals.
Years ago, the Pew Hispanic Center lacked information about Mexican Americans—they only dealt with “Hispanics.” Since that time, the Pew Hispanic Center has concluded that “a report based on a nationwide survey” found most Hispanics don’t embrace the term “Hispanic,” and even fewer prefer the term “Latino.” Instead, they prefer specific terms including Guatemaltecos, Peruanos, and Mexicans.
Hispanic Adult Millennials’ Changing Drink Preferences
Recently in our blog, we’ve been taking a closer look at Hispanic Adult Millennials, their views on nutrition, and their eating habits. We’ve shown that making smart food choices is important to them, even though in everyday life their busy schedules and preference for convenience often lead them toward fast food and unhealthy snacks. By Insight Tr3s
U.S. Hispanics more likely to purchase Groceries at C-Stores than Non-Hispanics.
On average, U.S. Hispanics make almost two more visits a month than non-Hispanics to major oil chain convenience stores, and nearly one more visit over a 30-day period to traditional c-stores than non-Hispanics, finds NPD’s convenience store research. For some Hispanics, c-stores supplement or substitute grocery stores.
A growing Share of Latinos get their News in English. [REPORT]
The language of news media consumption is changing for Hispanics: a growing share of Latino adults are consuming news in English from television, print, radio and internet outlets, and a declining share are doing so in Spanish, according to survey findings from the Pew Research Center. by Mark Hugo Lopez and Ana Gonzalez-Barrera / Pew Research Center
Beer Preferences of US Latinos. [INSIGHT]
When growing up in Mexico City, I never imagined that Corona Extra would become the international prestige beer par excellence. Please do not take me wrong, I am proud that a Mexican beer brand has become so prestigious and popular around the world, but those early experiences were quite contrasting. By Felipe Korzenny, Ph.D.
BRICK BY BRICK: The State of the Shopping Center. [WEBINAR]
Baseball might be America’s official pastime, but recent trends in the U.S. retail sector suggest that shopping comes in a close second. And despite the boom in e-commerce, U.S. consumers do most of their shopping at physical stores. But in order to attract and captivate consumers, shopping centers have to become much more than just places to buy things-they’re social centers, places for entertainment and employment hubs.
Out Online: The Experiences of Lesbian, Gay, Bisexual and Transgender Youth. [REPORT]
Lesbian, gay, bisexual and transgender (LGBT) youth experience nearly three times as much bullying and harassment online as non-LGBT youth, but also find greater peer support, access to health information and opportunities to be civically engaged, according to a new report released by GLSEN.