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Future of Retail: Is It Coming Apart at the Seams? (RMS)

Coresight Research

Key Points

Experiences Trump “Things”

  • Over the next 5 years US consumer spending is forecasted to grow by 22%; non-essential categories, including vacations and dining out, will see the fastest growth, about 27% (Mintel)
  • More than 3 in 4 millennials would choose to spend money on a desirable experience
  • Experiences are what people use to define themselves across social channels

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