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'Psychologically scarred' millennials are killing countless industries from napkins to cereal -- here are the businesses they like the least

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© Provided by Business Insider Inc Buffalo wild wings Millennials' preferences are killing dozens of industries. There are many complex reasons why millennials' preferences differ from prior generations, including less financial stability and psychological scars from growing up during the recession. "I think we have got a very significant psychological scar from this great recession," Morgan Stanley analyst Kimberly Greenberger told Business Insider . Here are 19 things that millennials are killing. Beer © Provided by Business Insider Inc In late July, Goldman Sachs downgraded both Boston Beer Company and Constellation Brands based on the data that younger consumers prefer wine and spirits to beer, as well as the fact that they're drinking less alcohol than older generations more generally. Beer penetration fell 1 % from 2016 to 2017 in the US market, while both wine and spirits were unmoved, according to Nielsen ratings. While some argue that calling a 1% d...

‘Psychologically scarred’ millennials are killing countless industries from napkins to Applebee’s — here are the businesses they like the least

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source Buffalo Wild Wings on Facebook Millennials’ preferences are killing dozens of industries. There are many complex reasons why millennials’ preferences differ from prior generations, including less financial stability and psychological scars from growing up during the recession. “I think we have got a very significant psychological scar from this great recession ,” Morgan Stanley analyst Kimberly Greenberger told Business Insider . Here are 19 things that millennials are killing. Casual dining chains like Buffalo Wild Wings and Applebee’s source Wikimedia Commons Brands such as TGI Fridays, Ruby Tuesday, and Applebee’s have faced sales slumps and dozens of restaurant closures as casual-dining chains have struggled to attract customers and increase sales . In August, Applebee’s announced it would close up to 135 restaurants, in part because it focused too much on winning over millennials and forgot its “ Middle America roots .” “Millennial consumers are more attracted than ...

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THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. AARON BROWN, CNN ANCHOR: Good evening again. I'm Aaron Brown. Those of you who get the daily e-mail know I seem to be in a bit of a mood today. I hate that. It's just something about the week. The Middle East is always a tough one. The sides are so passionate and so certain. And this was a difficult week there. But it was more than that. Too many kids are dying. And while I know the statistics and I believe them, our kids are in no greater danger now, the fact is that too many, even if too many is just the average number, are dying. There was Samantha Runnion and today, this child in Missouri, Casey Williamson. There's a story I did in the newsbreak tonight about a kid in Florida who was swimming in a lake and contracted a deadly disease. And then, not far away in another lake, another kid, a different d...