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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Honkook Kim and his Gentle Monster Brand is a perfect example. The Banking Innovation Playbook – Step 1: Find a Niche Kim looked at the market and knew he needed traction in at least a single segment where he could create a brand and a following for Gentle Monster. Find the gap in one segment and build success from there.

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How TikTok ‘eGirls’ Helped Create A Multi-Million-Dollar Fashion Brand

PYMNTS

If one were to make a list of products for a cutting-edge fashion brand aimed at capturing the emerging Generation Z market, it is safe to assume that “foxtail keychains” would not make the top 10. And they are looking to expand – fresh off a $40 million infusion of funds, care of a Series B round from Sequoia Capital.

Branding 131
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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.

Capital 150
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Chinese Millennials May Save Luxury Brands

PYMNTS

Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. 2017 saw a global recovery of the luxury retail market due to their affinity for high-end brands.

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Catawiki ‘Doubling Down’ On European Market After Brexit Vote

PYMNTS

The company, which Deloitte said was the fastest-growing tech startup in the world from 2011 to 2015, expects a bump in its British business as a result of the historic vote to compel the U.K. We have a really strong brand name for them to other countries in the EU where bids are made in euros. Sellers in the U.K. Sellers in the U.K.

Marketing 100
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Car Subscription Market Set To Grow 71 Percent By 2022

PYMNTS

Beyond BMW and Cadillac , the subscription market is growing as consumers and brands take note: Software vendors, too, are turning to subscriptions, according to the PYMNTS Subscription Commerce Tracker. We see a very big market niche for ready-made meals,” Griesel was quoted as saying to the Rheinische Post newspaper.

Marketing 110
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Sears Could Get $350M Loan In Financing Package

PYMNTS

As Sears faces calls to wind down its operations, the retailer is reportedly putting the finishing touches on a deal for $350 million in financing with Great American Capital Partners, along with other lenders. Sears hasn’t had a profit since 2011, and Lampert has faced criticism that he let the retailer’s brick-and-mortar stores deteriorate.

Retail 123