Cater to Boomers or Millennials? Homebuilders Caught in Between
Las Vegas — The U.S. housing industry is being pulled in two directions. Baby boomers with big housing bucks to spend still rank at the top of many builders’ customer lists. But rising sales to millions of millennials have sent builders scrambling to tailor houses for the next generation of buyers. “Millennials are really coming into the market in significant numbers,” Dan DiClerico of Consumer Reports told homebuilders from around...
For Millennials, Cereal Requires Too Much Work
Few things are as painless to prepare as cereal. Making it requires little more than pouring something (a cereal of your choice) into a bowl and then pouring something else (a milk of your choice) into the same bowl. Eating it requires little more than a spoon and your mouth. The food, which Americans still buy $10 billion of annually, has thrived over the decades, at least in part, because of this very quality: Its convenience. And...
Big Food Adapts to Changing Tastes
Minneapolis — Grocery store favorites like Betty Crocker and Hamburger Helper are hurting. Cheerios, still the nation’s No. 1 cereal brand, needs some help. Customers are eating more fresh produce and meats, more and more often bypassing the center aisles where Big Food companies like Golden Valley-based General Mills reign. They also are turning to products from newer companies, which are having an easier time finding a niche in the...
Retail 2016’s Hot Trends And Topics
The retail industry is in the final days of a year in which the athleisure trend continued to boom, the off-price category got even hotter and an ever-growing list of restaurants catered to our interest in healthy eating by announcing big changes to their food supply chains. So what are likely to be the hot topics in retail in 2016? We’ve rounded up some expert predictions. 1. Mobile payments will finally take off — with a little help...
Chains Seek Millennials’ Love
Dallas — They’re adding exotic sauces and electrical outlets, donning Twitter handles and serving shareable plates. Restaurateurs have gone a-courtin’. The target that chains across the spectrum are wooing? Millennials, the 83.1 million Americans born between 1982 and 2000 who now represent the largest single age group in the U.S. While some studies show this demographic (also described as 18- to 34-year-olds) dramatically cut back on...
