How 11 Major Brands Are Chasing The Next Generation Of Customers
Wendy's launched a special new burger.
McDonald's spent years creating the McWrap.
This spring, McDonald's launched an ad campaign for the McWrap in effort to attract more millennials to the fast-food chain.
An internal memo circulating within McDonald's that discusses the launch of the McWrap, says that 22% of customers aged 18-32 would eat at Subway if the wrap wasn't available.
The fast food chain is also revamping its breakfast menu.
McDonald's launched a new breakfast sandwich with egg whites in hopes of drawing more health-conscious consumers — including millennials.
The sandwich has 40 fewer calories than the original version, and is served with white cheddar, which also gives it an artisan feel.
Taco Bell eliminated kid's meals to make the brand more edgy.
"We want to strengthen and be really clear and focused on our brand positioning as the brand for millennials," CEO Greg Creed told the Huffington Post. "And a kid's meal is just inconsistent with the edgy, left-of-center millennial brand."
The last kid's meal will be served sometime in January 2014.
Aeropostale shed its logo-heavy designs and built technology to engage millennials.
Aero is taking its new image one step further by launching a new mobile app and in-store iPad kiosks, aimed at making the brand more easily accessible and improving engagement with the teen consumer base.
The technology will also be a vehicle to "tell a story" which is important when selling a product to millennials, according to Jacob Hawkins, Aeropostale's vice president of e-commerce.
Hamburger Helper changed its name.
General Mills announced it will drop "Hamburger," and the decades-old brand will be known as "Helper" from now on.
It will be marketed with a new slogan: "Need a dinner idea, we're here to help," and plans to use social media to capitalize on young people, especially men between the ages of 18 and 30.
Budweiser released a new can.
The brewer released an 11.3 ounce, bow-tie-shaped can this spring in hopes of attracting millennials.
The eight-packs are meant to entice those "who haven't tried a Budweiser."
Whole Foods modeled itself after high-end department stores.
The grocery chain has already successfully attracted millennials.
Whole Foods is following in the lead of retailers like Neiman Marcus, offering rare items at the top price range of categories in stores located in affluent zip codes. The occasional millennial shoppers feel like they're getting a taste of the good life.
Macy's introduced new brands to appeal to millennials.
The department store began catering to millennials last fall — a demographic very different from the Baby Boomer generation that typically shops there.
The brand is launching or expanding about 20 new brands to appeal to the audience, according to MarketWatch.
“This is phase one. We’re serious about this and we’re aggressively going after this consumer. This is not a test,” said Molly Langenstein, executive vice president and group merchandise manager for Millennial, a position that was created specifically to support the millennial business focus.
Kentucky Fried Chicken will test an upmarket restaurant called "KFC eleven."
The test restaurant, near Louisville, KY, will only serve boneless wings.
That decision was reportedly made in an effort to cater to customers in their 20s and 30s who are accustomed to eating chicken nuggets.
Walmart is opening smaller versions of its stores on college campuses.
The move is part of a "Walmart on Campus" initiative to draw millennials.
Advertising Age notes that this small-store format is one the chain also could use to branch into its untapped urban markets with large millennial populations, like New York City.
Hot Pockets launched a "Better Taste. Better Quality" campaign to appeal to maturing millennials.
Bloomberg Businessweek reported that the microwaveable turnover maker, owned by Nestlé, is targeting its aging core customers — teenagers and young adult men — with retooled sandwiches that taste better.
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