Retail's new niche: Aging baby boomers
The number of senior citizens in the United States is expected to nearly double by 2050, creating a fast-growing niche for retailers and manufacturers.
Odd sentence. What is an ‘aging’ baby boomer? I guess one who isn’t dead.
How about ‘fast-growing niche’? I guess in the grand scheme of things, thirty-odd years is a nanosecond.
The Baby Boomer Market is a ‘niche’? I guess the Pacific Ocean is a niche.
Executives at Gillette have for decades defined shaving as a rite of passage … in recent years, executives have begun to see another milestone emerge in their customers’ lives: the moment when sons begin shaving their aging fathers.
Smart that Gillette understands the difference between 50-70 year-olds and an 80-100 year-olds. Few advertisers do.
A touching, sweet video:
… At Best Buy, the focus is increasingly on aging Americans who live at home …
Step one: Make it easier for adults to keep tabs on their aging parents. The company’s Assured Living program, introduced a year ago, uses a network of sensors to alert caretakers to changes in routine.
Best Buy’s acquisition of GreatCall … (has) two Jitterbug phones — one with a touch screen, the other a flip phone.
I’m sixty-seven. If I walk into a Best Buy and say, “I’m looking for a smartphone,” and the salesperson steers me to a Jitterbug, I’d turn around and walk out. If I walk in and say, “I’m looking for a smartphone for my father” – I would be happy if he/she steers me to a Jitterbug.
Yours Truly is participating in a project/startup: