Millennial Moms Own This Many Pairs of Yoga Pants
Millennial Moms want brands to send them messages while shopping in store, will pay more for socially responsible products and own more than two pairs of yoga pants, according to ROTH's latest survey.
ROTH Capital Partners' 2016-2017 Millennial Mom Survey is its fifth annual proprietary survey examining current trends and spending patterns across five consumer categories including infant and juvenile products, food and grocery, dining and restaurants, healthy and active lifestyle, and apparel and accessories. The survey by the full-service investment bank, conducted in partnership with Research Now, features 126 questions and was completed by 1,000 Millennial Mothers.
Key findings from the ROTH Millennial Mom Survey include:
"Not surprisingly, roughly 32 percent of spending by the Millennial Mom now occurs online, but more than 80 percent of her purchases are in some way influenced by the Internet," said David M. King, CFA, senior research analyst at ROTH. "Winning brands will be those that successfully exploit the new path to purchase through e-distribution models and the leveraging of digital influencers and original content."
ROTH Capital Partners' 2016-2017 Millennial Mom Survey is its fifth annual proprietary survey examining current trends and spending patterns across five consumer categories including infant and juvenile products, food and grocery, dining and restaurants, healthy and active lifestyle, and apparel and accessories. The survey by the full-service investment bank, conducted in partnership with Research Now, features 126 questions and was completed by 1,000 Millennial Mothers.
Key findings from the ROTH Millennial Mom Survey include:
- A majority of Millennial Moms believe their economic status will eventually be better than their parents'
- 90 percent of Millennial Moms are comfortable with brands communicating with them via their mobile device while they shop in-store
- 59 percent of Millennial Moms are likely to write a review after visiting a restaurant
- 53 percent of Millennial Moms are Amazon Prime members
- The majority of Millennial Moms own between two and five pairs of yoga pants, and 16 percent own more than five pairs
- About 50 percent of Millennial Moms are willing to pay a premium for socially responsible brands
- 36 percent of Millennial Moms trust local food brands the most
"Not surprisingly, roughly 32 percent of spending by the Millennial Mom now occurs online, but more than 80 percent of her purchases are in some way influenced by the Internet," said David M. King, CFA, senior research analyst at ROTH. "Winning brands will be those that successfully exploit the new path to purchase through e-distribution models and the leveraging of digital influencers and original content."