What ‘90s Nostalgia Means For Your Brand

Child of the 90sAlthough the ‘90s weren’t that long ago, Millennials are nostalgic for the past. They wish for the simpler times when life wasn’t so stressful and the biggest decision was which Beanie Baby to buy. Now, they face high unemployment rates and uncertainty about their future. Understandably, they seek familiarity and reminders of a childlike state to provide them with comfort amidst confusion. What started off as retro revival as an escape from reality has quickly become a full-blown phenomenon. Millennials have a soft spot for their childhood and as a result, the return of ‘90s culture is being seen across all industries.

Everyday, it seems like there’s “breaking news” of the ‘90s popping up again. Lately, much of the buzz has been about “Girl Meets World,” the sequel to the hit show “Boy Meets World”, which will feature many of the original stars. And of course there’s the highly anticipated Package Tour featuring New Kids On The Block, 98 Degrees, and Boyz II Men. But that’s certainly not all. No Doubt recently reunited, and Destiny’s Child performed together at the Super Bowl. Matchbox 20 is back, Kriss Kross is returning, and Backstreet’s back…alright! New boy band and girl bands are also taking over, and you can’t forget the Spice Girls reunion tour a few years ago, followed up by their performance at the London Olympics. Millennials are emotionally invested in the return of the ‘90s and feel a closeness to the culture in which they grew up. They’re eager to attend these events, share ‘90s news with friends, and they look forward to the future while paying tribute to the past.

Nickelodeon jumped on this trend a while back with “The ‘90s Are All That”, a late-night block of TV shows from this decade. Even Lisa Frank is splashing color into today’s culture with an app and a limited…

 
 

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Millennial News Feed

Quote of the Day: “I participated in Bikram Yoga, because I found a few YouTube tutorials on it.” –Female, 24, MN

Being featured in the (racy) lyrics of Beyoncé’s hit single “Formation” has caused Red Lobster’s sales to spike 33%. But a wave of frustration hit Twitter after the brand took too long to respond to the song, and failed to live up to expectations. One user advised,“Yo @redlobster, all you have to do is NOT f*** up. Just give the Twitter over to your highest ranking Black person under 33. Trust me.” But after eight hours Red Lobster tweeted an underwhelming: "Cheddar Bey Biscuits" has a nice ring to it,don't you think? #Formation @Beyonce.” The indecent highlights what young consumers expect from brands on social media. (MediaPostBuzzFeed)

The newly funded Stash investment app is hoping to “break down the barriers that prevent nearly three quarters of Millennials from investing.” To appeal to the risk-averse generation, the app allows users to invest as little as $5, and describes investments in easy theme-like terms, like “Clean and Green.” For the founders it’s all about setting up users for the long-term: “By lowering the minimum level of investment, enabling Millennials to invest in broad themes that they care about, and guiding them along the path toward building smart lifelong investment habits, Stash has the potential to empower an entire generation to reach their financial goals.” (Business Wire)

Fit has gone glam for Millennials—and not just in the U.S. Young Chinese women are embracing working out, and shifting traditional beauty ideals. In a 2003 survey, 1,000 working females cited an ideal body to be "an almost-emaciated, willowy physique," but social media and celebrity influence, as well as more awareness to physical health, are making strength the new goal. Women sharing their fitness journeys are becoming major influencers and creating new personal brands, and the fitness industry in China has grown 13% yearly since 2010. (Refinery29)

ESports—multi-player competitive video gaming—is expected to generate $463 million in ticket sales, merchandise, sponsorships, and advertising for 2016, and networks want a piece of the action. But can it translate to TV? TBS is premiering E-League, a 10-week eSports competition series that will stand as a true test on whether the phenomenon can “find the right balance between achieving scale and retaining its core audience of digitally forward young men.” Critics have good reason to be skeptical: ESPN2’s airing of an eSports college competition perplexed viewers, frustrated broadcasters, and scored a 0.1 Nielsen rating. (Adweek

British director Anthony Wilcox’s new action-packed thriller,Shield 5, is captivating audiences—the Instagram audience that is. The series, which currently has 30,000 followers, is being called “social cinema,” and each episode is the length of an Instagram video: just 15-seconds. Wilcox’s love for fast-turnaround projects and very low budget is what ultimately inspired him to choose the platform. There was also the potential to go viral: "If you’ve got the opportunity to show your work to a much, much bigger audience…all around the world, it might be worth trying it." (Fast Company

Quote of the Day: “I share my selfies by making it my profile picture.” —Female, 23, IL

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