PaymentsRetail

“Baby Boomers value sustainability more than Gen Z when shopping beauty,” says new report

New research from Klarna, a leading global retail bank, payments and shopping service, revealed that 31% of Boomers value sustainability when shopping for beauty products. This

PaymentsRetail

“Baby Boomers value sustainability more than Gen Z when shopping beauty,” says new report

New research from Klarna, a leading global retail bank, payments and shopping service, revealed that 31% of Boomers value sustainability when shopping for beauty products. This is according to a recent survey of 15,000 shoppers across the US designed to identify how shopping behaviors within the beauty sector have changed as a result of the COVID-19 pandemic.

Klarna’s data also revealed that 40% of Gen Z and 31% of Millennials say diversity and inclusion is the most important brand value to them when shopping for beauty products. Klarna’s survey of more than 15,000 US Klarna shoppers ages 18+ was fielded in February 2021. Definitions of each age group: Gen Z (18–24), Millennials (25–40), Gen X (41–56), Boomers (57–75).

“Klarna’s beauty survey has uncovered new consumer insights and trends that beauty brands should keep in mind as they plan their strategies for the rest of the year,” said David Sykes, Head…

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