Have millennials become the most frugal generation? The location data says yes. 

eMarketer recently featured insights from inMarket Location Data about millennials -- an age group that now makes up the entire 18-35 demographic. Here's what they had to say: 

 

According to InMarket's new "Foot Traffic Power Rankings," millennials show a distinct preference for discount options when it comes to brick-and-mortar shopping. The rankings are based on analysis of foot traffic to physical stores, using mobile location data from January through April 2017. Rankings are determined by frequency of visits compared with the category average for each generation. 

For the general retail category, the top three brands were discount purveyors of apparel. The No. 1 brand was Ross Stores, followed by privately held Rainbow and then Burlington Stores. Bridal chain DaVinci and home-furnishing giant Ikea rounded out the list. In the grocery category, Kroger's Food4Less chain was the No. 1 retailer among millennials, attracting that demographic 48% more often than any other age group, InMarket said. Food4Less was followed by 99 Cents Only Stores, C-Town, H-E-B and Fry's, another Kroger property.

For a full look at the inMarket Foot Traffic Power Rankings -- including a detailed breakdown of Gen Z, Millennial, Gen X and Boomer shopping habits, please visit www.inmarket.com/insights. 

 

 

eMarketer -- the leader in e-business data + research -- has featured inMarket's latest inSights report on generational shopping trends. We've included an excerpt below, and encourage you to check out the full story here. 

According to InMarket's new "Foot Traffic Power Rankings," millennials show a distinct preference for discount options when it comes to brick-and-mortar shopping.

The rankings are based on analysis of foot traffic to physical stores, using mobile location data from January through April 2017. Rankings are determined by frequency of visits compared with the category average for each generation. 

For the general retail category, the top three brands were discount purveyors of apparel. The No. 1 brand was Ross Stores, followed by privately held Rainbow and then Burlington Stores. Bridal chain DaVinci and home-furnishing giant Ikea rounded out the list.

You can download the full report over at inmarket.com/insights.  

 

Which QSR is a Gen Z magnet? Where do Boomers get their groceries? Are millennials the most frugal generation? 

These are questions we're often asked by top brands and retailers who turn to location data for an inside look at consumer behavior. Many of these partners have spent the past decade trying to figure out millennials -- those tricky digital natives who make up the majority of the current 18-35 demographic. Today, focus is shifting to Generation Z -- those born after 1995 -- who will surpass millennials as the largest generation by 2020. 

Luckily, location data has unlocked a better understanding of all generations, as consumer behavior shifts to mobile-first among all age groups. 

With that in mind, we're releasing our first report analyzing the offline shopping habits of Gen Z, Millennials, Gen X and Boomers, and ranking top businesses based on their generational reach within each group. The report is based on mobile location data from 50 million monthly, active, opted-in consumers across 700+ apps in the inMarket platform.

You can access the full report here -- and feel free to contact us with any questions.