Remove 2009 Remove Community Remove Millennials Remove Online
article thumbnail

‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. The four-year-old online startup has also reportedly advanced negotiations with supermarket retailer Kroger, which is struggling to compete with Amazon now that it owns Whole Foods Market.

article thumbnail

Keeping Online Counterfeits Off Luxury Marketplaces

PYMNTS

Sales of counterfeit goods, particularly on third-party sites that facilitate transactions between individual buyers and sellers, have skyrocketed with the advent of online shopping. Online Luxury and the Importance of Authentication. Millennials and Gen Z are driving the growth of the secondhand market and eCommerce, generally.

Online 118
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

article thumbnail

Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

article thumbnail

LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions

PYMNTS

And that, Passione said, is an opportunity for lenders who, in the years since the Great Depression, have found themselves struggling to build relationships with millennial consumers and who have taken a sort of “chilly” outlook toward traditional financial institutions (FIs). There are currently 13,000 community banks in the U.S.,

Lending 100
article thumbnail

Squaring The Circle That Is Square

PYMNTS

In a conversation with economist and author of “Matchmakers: The Economics of Multi-Sided Platforms,” David Evans, in 2009, Co-Founder and CEO Jack Dorsey initially hinted at ambitions of controlling both ends of the payments ecosystem with what he called a “more elegant” payments experience. And industry pundits fell in love.

Apple 110
article thumbnail

Fintech'ers Will Be Right on Branching. Unless Bankers Act.

Jeff For Banks

Look at the decline in branches since 2009. I also believe that branches can be developed as competitive advantages for community financial institutions. The red: millennials. And you will lose very few deposits by closing them, particularly if you have a branch nearby and good online banking technology. Close them!