millennials, food & shopping - temc 2020€¦ · millennials, food & shopping campus retail...
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MILLENNIALS, FOOD & SHOPPINGCAMPUS RETAIL TRENDS FOR 2017
T E M C H e d T a l k , We d n e s d a y 2 0 t h S e p t e m b e r 2 0 1 7
DISCLAIMER & CONFIDENTIALITY
DISCLAIMER
This disclaimer has been provided on the following basis:
1. Accepting the recommendation of Brain & Poulter includes
the acceptance of the following disclaimer to any loss,
damage or association to Brain & Poulter to the business.
2. Brain & Poulter disclaims any belief in the truth or falsity of
and accepts no liability of responsibility for the information
contained in this document.
3. The information contained in this document includes a
number of assumptions, including assumptions as to the
prevailing market demand from time to time. The accuracy
of those assumptions cannot be and is not guaranteed.
Minor variations in the assumptions can result in substantial
variations in the indicated trading performance.
4. A person who relies upon the information contained in this
document does so at their own risk.
5. No officer, employee or agent of Brain & Poulter has the
authority to waive or modify this disclaimer in any respect in
any way what so ever.
CONFIDENTIALITY
The information provided in this document has been provided
by Brain & Poulter for the express use of TEMC delegates.
This document contains information that is the intellectual
property of Brain & Poulter.
The provision of this document, in part or in full; or any of the
information contained in this document to other parties could
financially harm Brain & Poulter. As such, this document or parts
thereof are not to be copied, circulated or given to a third
party, whether by hard copy, electronic or verbal means;
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HAS RETAIL CHANGED THAT MUCH?
YEAR 1997 YEAR 2017
TODAY’S HedTALK
HEALTHY
ETHICS
OUT WITH
THE OLD
SNACK-
IF ICATIONELIMINATING
PAIN POINTS
DIGITAL
EXPERIENCE
SNACKIFICATION1
YEAR 2000 YEAR 2020
YOUNGER CONSUMERS EAT OUT MORE
Source: Bank West Eating Out in Oz 2015
Time may be
in short supply,
but Millennials
eat out more
often
EAT OUT MORE THAN ONCE A WEEK
MILLENIALS LOVE A DRINK
Source: ABS Household Expenditure Survey 2010
$0 $10 $20 $30 $40 $50
15-24
25-34
35-44
45-54
55-64
65+
$30
$29
$20
$27
$27
$18
$9
$6
$3
$6
$5
$3
Average Weekly Individual Spend
Age Group
SN
AC
KS
& D
RIN
KS
ALL D
AY
HEALTHY? OR IS IT?
Source: Brand Websites
Big Mac2,180 kilojoules
28.6 grams fat
The Mighty3,260 kilojoules
39.1 grams fat
2
TRUST – IT’S ABOUT ETHICS
TR
AN
SP
AR
EN
CY
PR
OC
UR
EM
EN
T
Oregon State University DairyUCLA
Houston University Community Garden ANU Food Co-Op
Sourcing of ethically
produced sustainable foodUni of Melbourne – Rooftop BeesSourcing of ethically
produced sustainable food
Vegetarian & Vegan become mainstreamR
ICH
ES
IN
NIC
HE
S
GREED IS NO LONGER GOOD – OUT WITH THE OLD
3
YEAR 2000 YEAR 2020
MILLENIALS ARE TIRING OF TRADITIONAL FAST FOOD
Source: Bank West Eating Out in Oz 2015
3rd+ 9 %
5th+ 1 5 %
10th- 5 %
14th- 1 5 %
15th- 2 0 %
20th- 1 9 %
IND
EP
EN
DE
NTS
New standards for
tenancy design and
F&B offer for Monash
University
Malong Kitchen &
Dumplings
NE
W D
ES
IGN
STA
ND
AR
DS
Burger Theory
& Tavern at
Flinders
University
NE
W D
ES
IGN
STA
ND
AR
DS
REMOVE THE PAIN POINTS4
YEAR 2000 YEAR 2020
TE
CH
NO
LO
GY
Cashless café - Pablo
& Rusty's smart coffee
cups – tap the cup to
pay without using a
wallet or a phone &
there is an eco
aspect
CA
SH
LE
SS
CA
MP
US
MERGING ON/OFFLINE & EXPERIENCE
5
YEAR 2000 YEAR 2020
TE
CH
NO
LO
GY
ON
/O
FF L
INE
& E
XP
ER
EIN
CE
ON
/O
FF L
INE
& E
XP
ER
EIN
CE
MORE COMMUNAL SEATING REQUIRED
GET
ETHICAL
PROVIDE MORE
OPTIONS
CHANGE
THE MIX
DIGITIZE &
SOCIALISE
WHERE TO NOW?
