Profiting From the Death of Brick and Mortar in the Millennial Age
PALM BEACH, Florida, April 6, 2017 /PRNewswire/ --
MarketNewsUpdates.Com News Commentary: 5 Technology Companies Reinventing Retail
Palm Beach, Fl, April 6, 2017 - Despite consumer confidence hitting a 16 year high, many brick and mortar retailers are struggling to meet the demands of Millennials, consumers in their 20s and 30s. Representing almost 25% of the entire population, this largest generation in history is responsible for an estimated $200 billion in annual purchases. A tech-savvy demographic that places a premium on time, convenience and favors machine automation over human interaction, investors have begun to reward technological-minded retail companies: Dominos Pizza (NYSE: DPZ), Match Group (NASDAQ: MTCH), Generation Next Franchise Brands (OTC: VEND), Square, Inc. (NYSE: SQ) and Grubhub Inc. (NYSE: GRUB).
Domino's Pizza (NYSE: DPZ) is up more than 2,000% since 2010, outperforming tech giants Google, Facebook, Apple and Amazon. Focusing on simpler more convenient purchasing, Dominos bet big on mobile application development, creating 'zero-click' online ordering and delivery tracking for phones, the Apple Watch, Facebook and even Twitter. The company is now turning their attention to automated food delivery via robots and drones, having already begun market tests in Europe and New Zealand.
Match Group, Inc. (NASDAQ: MTCH), the parent company of matchmaking platforms Match.com and OkCupid has found popularity amongst millennials with its 'hook-up' app named Tinder. Long surveys are replaced with pictures filtered by age and distance. A swipe left rejects the prospect, while a swipe right indicates interest and mutual interest creates an instant chat session. As a result these on-demand daters are spending less time in bars, nightclubs and restaurants, while spending more time in the bedroom. The company has grown revenues 14.9% in 2015 and 19.6% in 2016.
Generation Next Franchise Brands Inc. (OTCQB: VEND) has patented a fully-automated robotic frozen yogurt vending machine designed to disrupt brick and mortar competitors: Yogurtland and Pinkberry. These 'eat-o-tainment' units are capable of operating 24 hours a day, do not require employees to operate and are placed in high traffic retailers eliminating lease expenses. On Tuesday, the company announced a 121% increase in Q3 franchise bookings compared to the same period last year. Greenridge Global Equity Research is currently projecting annual revenues to increase 637% from FY17 to FY18 and has issued a $1.50 buy target.
Square Inc (NYSE: SQ) empowers small businesses with the ability to accept credit card payments seamlessly by turning mobile phones or iPads into payment terminals. With an easy to use checkout interface, consumers can swipe their own card, tip, sign (without a pen) and receive an email receipt with minimal attendant interaction. Square has grown gross payment processing volume 49.6% in 2015 and 39.6% in 2016.
Grubhub Inc (NASDAQ: GRUB), the leading on-demand food marketplace, enables hungry diners in 1,100 US cities to order food from over 50,000 restaurants. Orders are made, paid and tracked through the convenience of an easy to use app eliminating the need for a menu drawer. Restaurants pay the company a percentage of the transaction total and consumers are charged delivery fees. The company ended FY 2016 with 8.2 million active diners and has grown gross food sales 32.0% in 2015 and 27.2% in 2016.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Generation Next Franchise Brands Inc. by a non-affiliated third party. MNU
HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.
Contact Information:
Media Contact email:
info@marketnewsupdates.com
+1-(561)-325-8757
Share this article