LAS VEGAS—Retailers and mall owners have their in-store salesstrategies centered right on Millennials; thegeneration ages 18 to 34. This fast-growing consumer segment totals80 million Americans who spend approximately $600 billion annually.Knowing how to attract Millennials' money is the name of the gamefor retailers and retail owners and investors attending theInternational Council of Shopping Centers (ICSC)Real Estate Conference (RECon) this week in Las Vegas, as they muststay ahead of both in-store and online channels to capture cashfrom the millennial shopper.

JLL's Director of Retail Property MarketingJulieRickey, tell us exclusively, “Nearly half ofMillennials research products online and then they buy themin-store. They certainly use their comfort with technology to theiradvantage and it's often to compare prices, learn about the latesttrends and capture the best deal possible before they walk into aphysical retail space."

In its latest report, Millennial Consumers: What You Need toKnow to Reach Them, JLL Retail has identified 10 actionsretailers or landlords can take to attract Millennials.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Geoffery Metz

Geoffery Metz is the content manager for ALM's GlobeSt.com, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.