Remove 2017 Remove Millennials Remove Online Remove social media
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For Millennials, Traditional Banking Is Not Anathema

PYMNTS

Turns out millennials are not the different-kind-of-banking-breed some had thought. It also turns out the much-vaunted social media generation is less inclined to use social media than you’d think. Though the exchange of cash via social media has yet to gain traction, it is not the case with other methods.

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Forever 21 Introduces New Freestanding Store For Millennials

PYMNTS

Capturing the ever-changing mindset of millennials can seem like a continual headache for retailers. From sales shifting to more online shopping to more integrated in-store demands, the retail world has been refining its approach to attract and maintain tech savvy shoppers.

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12 Industries That Will Thrive Thanks To Millennials

CB Insights

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

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Wine.com Uncorks A Vintage Year

PYMNTS

By all accounts, including industry bible Wine Enthusiast, the wine of the year for 2019 was the Taylor Fladgate Quinta de Vargellas Vinha Velha 2017. The 2019 wine retailer of the year was online – specifically, it was a good year for Wine.com. There are gatekeepers for economic reasons all over the world of online retail.

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Walmart Looks To Sell ModCloth, Will Keep Bonobos

PYMNTS

The retail giant bought Bonobos and ModCloth in 2017 and plus-size brand Eloquii in 2018 in a bid to compete with Amazon. Walmart projects $1 billion in losses for its online eCommerce division, on revenue of between $21 billion and $22 billion. Jet was supposed to reach urban dwellers and millennials, but it failed to drive traffic.

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American Express Survey: As Diners Change, So Do Restaurants

PYMNTS

A recent survey by American Express shows that, unsurprisingly, millennials have the biggest appetite for digital dining experiences, from ordering take-out through a mobile app to ordering and paying through a kiosk at their table to tweeting what they’re eating. For a full report, see the survey summary from American Express.

Survey 103
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Twitch Buys Bebo In eSports Push

PYMNTS

Bebo began in 2005 as a social networking platform by Michael and Xochi Birch. The growth path of the company in addition to the larger opportunity in social media helped it get acquired by AOL for approximately $850 million in 2008. It was said to have become “the market leader” in some countries such as Ireland and the U.K.