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What does the future of retail look like, and who is driving it? The retail industry is evolving with a significant shift towards younger consumers as Gen Z (18-27 years old) emerges as the most influential demographic in terms of spending power. This generational change is shaping new consumption patterns, including the rise of social media-driven shopping. Unlike traditional online shopping, where consumers have an item in mind to purchase, social media has become a popular platform for discovering trends and buying new products. According to E-Marketer, 40% of Gen Z in America have brought at least one thing off TikTok. In seeking retail experiences that go beyond transactions, Gen Z is also driving a preference for unique and immersive retail experiences, such as pop-ups, brand and food-and-beverage collaborations — and real life street retail. 🔗 Learn more about what the future consumer looks like in The Future of Retail report: https://lnkd.in/gKUtsBkz #TheFutureOfRetail #RetailResearch #TheFutureOfShopping #TheFutureConsumer #GenZ #ExperientialRetail #PlacesPeopleLove 

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