Opinion
Retailers alert as Millennials, Zoomers take over from Boomers
The changing face of Australia has implications for retailers as younger generations outnumber older ones and we become a more culturally diverse society.
Sue MitchellColumnistDemographers and policy boffins aren’t the only people poring over the results of the 2021 census. Retailers are also crunching the numbers, looking at the long-term implications for retail spending.
At first glance, demographic trends look positive for retailers, unless you’re a seller of religious paraphernalia such as crucifixes and rosary beads. Almost 39 per cent of Australians claim to have no religion, up from 30.1 per cent in 2016.
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