Remove 2017 Remove Millennials Remove Operations Remove social media
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For Macy’s and Men’s Wearhouse, No Millennial Tux and Tails Tailwind

PYMNTS

It’s been chronicled in these virtual pages that millennials are the driving force behind change – change in how payments are done, how banking is banked, how social media influences commerce (or doesn’t) and how shopping may become a hybrid of high touch across the digital and physical realms.

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Forever 21 Stores Hacked

PYMNTS

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

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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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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. Jet was supposed to reach urban dwellers and millennials, but it failed to drive traffic. billion in China over the next 10 years to upgrade logistics, per the retailer’s social media account.

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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. Then it reportedly pivoted again into the organization and operation of streaming tournaments.

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Fighting Financial Awkwardness With Faster Payments?

PYMNTS

The peer-to-peer mobile payment service offers a social media element aimed at making the exchange of money more fun for both sides of the transaction. billion in Q1 2017 — tackles feelings of financial discomfort by giving consumers a more engaging option to settle debts, by mixing social media with finances.

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Aptos And Billabong Surf The Cloud

PYMNTS

“We continue to strengthen the connection with our customers, with global social media followership up 42 percent year-on-year to almost 37 million.”. With in-store sales dropping but a growing online following, Billabong is rethinking its operations to focus on digitally streamlining operations.