PYMNTS

MARCH 17, 2020

eCommerce’s rise has only made designing retail showrooms more complex, however. Merchants need to bridge this gap as digital connectivity pushes the retail world’s boundaries. Companies need all the tools they can get to keep consumers engaged in the competitive retail environment. The Rise of Visual Search.

Retail 143

Retail Tools Millennials social media 143

PYMNTS

DECEMBER 1, 2020

A new survey of Black Friday shoppers from PYMNTS showed the Seattle retailing giant dominated its rivals in the traditional post-Thanksgiving holiday season kickoff. When PYMNTS last measured Amazon’s take of the total eCommerce business it found that it touched just north of 50 percent for Q1 2020 in eCommerce market share (51.2

Marketing 181

Marketing Data Survey Comparison 181

PYMNTS

MAY 14, 2020

The latest to report, Wine.com – which bills itself as the nation’s leading online wine retailer – earned $165 million in revenue and saw 25 percent growth for fiscal 2020, ending March 31. The $33 million revenue increase over fiscal 2019 is the biggest in the company’s 15-year history. out of 10 on “likelihood to recommend.”.

Online 164

Online Retail Millennials Analytics 164

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. Mastercard Gets Nod To Join China’s $27T Payments Market. a share with a market cap of $14.6 As of Friday (Feb. Trackers and Reports.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

NOVEMBER 15, 2019

28, which is six days later than last year — meaning retailers have a whole week less to sell during the holidays. What does this mean for retailers heading into the holiday shopping season? The heaviest users are millennials, members of Generation X and bridge millennials. Retailer App Trends. Nearly half (46.3

Retail 124

Retail Mobile Millennials Tools 124

PYMNTS

FEBRUARY 11, 2020

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom joins other department stores in the resell market. More data on the market comes from sneaker and streetwear reseller StockX. We like the handle.

New York City 124

New York City Marketing New York Los Angeles 124

PYMNTS

MAY 2, 2019

The company said the changes will go into effect on May 9, 2019. The payment company said research shows millennials are spending the most on groceries, streaming and commuting. “If I had to pick, I’d argue that the best potential fits are older millennials and Gen Xers. supermarkets and 3 percent cash back at U.S.

Millennials 111

Millennials Cards Lending Industry 111

PYMNTS

APRIL 30, 2019

According to Will Byrne, CEO of Worldnet Payments , the kiosks and smart shelves that are gaining traction across any number of commerce and retail settings may even shift the employment picture a bit. The Changing Retail Footprint. As unattended retail notches an increasing footprint, said Byrne, other use cases will also emerge.

Retail 138

Retail Data Operations Payments 138

PYMNTS

NOVEMBER 4, 2019

According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017. The rise of mobile commerce and selling of digital goods has added to retailers’ fraud problems. In fact, North America’s top 1000 online retailers have sold $143 billion worth of goods to customers outside the U.S.,

Fraud 124

Fraud Retail Online Study 124

CB Insights

MARCH 27, 2019

Over the next few decades, baby boomers and Gen X will pass on $30T in wealth to the millennial generation. As investor preferences shift, download our free 106-page fintech report to see what trends to watch in 2019. As investor preferences shift, download our free 106-page fintech report to see what trends to watch in 2019.

Millennials 77

Millennials Fintech Trends Report 77

PYMNTS

JUNE 19, 2020

Mobile commerce hasn’t been a focus during the pandemic, but recently retail apps and other usage patterns are starting to appear as more than a blip on the Digital 3.0 However the digital shift at retail has focused mainly on general eCommerce surges. percent purchase rate was measured over 2019’s 10.5 per customer.

Meeting 175

Meeting Mobile Retail Maine 175

PYMNTS

FEBRUARY 14, 2020

Things could not have gone much better for Wine.com in 2019. 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. And the wine retailer of the year? There are gatekeepers for economic reasons all over the world of online retail.

San Francisco 150

San Francisco Millennials Oakland Customer Experience 150

PYMNTS

FEBRUARY 19, 2020

And in retail, Essentia is ready for its un-Casper-like closeup. 50 percent: Portion of millennial consumers who place more deliveries than they did two years ago. meal delivery market controlled by DoorDash in October of 2019. meal delivery market controlled by DoorDash in October of 2019.

Branding 130

Branding Millennials Data Retail 130

PYMNTS

APRIL 9, 2020

Though they’ve overcome serious technical hurdles, work well, and are now in the hands of billions of smartphone-owning consumers, mobile wallets including those from Big Tech players Apple and Google are starving for share as Q1 2020 usage slipped below an unimpressive 2019. percent in 2019.”. percent in 2019. up from 39.3

Mobile 140

Mobile Apple Cards Millennials 140

PYMNTS

JUNE 12, 2019

And, in retail, firms from automakers to merchants are tapping into connected commerce technology. Data: 64 million: Number of cars equipped with some form of connected technology that will be shipped worldwide in 2019. $59 59 billion: Estimated value of the global biometrics market by 2025. All this, Today In Data.

Security 148

Security Millennials Data Retail 148

PYMNTS

MARCH 1, 2019

Brick-and-mortar fashion retailers are developing in-store experiences to encourage customer loyalty. markets, aiming to generate repeat visits as part of its experiential retail efforts. The retailer, which has 1,143 stores globally, closes an average of around 15 stores annually. per share or $664 million a year prior.

Branding 129

Branding Retail Columbus Las Vegas 129

PYMNTS

JUNE 18, 2020

In the latest of a string of outages as of the beginning of March, Robinhood Markets Inc. The financial technology company is regarded for helping to make trading in vogue with millennials, Reuters reported. “We At the conclusion of 2019, Robinhood said it had 10 million users. The app was up in under an hour.

social media 174

social media Millennials Marketing Financial Technology 174

PYMNTS

APRIL 13, 2018

It was a record-breaking first quarter for retailers in the U.S. According to a report issued by Moody’s earlier this week, the retail sector managed to notch a record number of defaults during Q1 2013, with nine retailers defaulting on their debt. As a result of the series of retail fails, the default rate of high-risk U.S.

Retail 116

Retail Course Washington Marketing 116

PYMNTS

JUNE 25, 2019

P2P and Millennials. For instance, according to one report from LendEDU , a student loan refinancing company, about 33 percent of millennials had paid for drugs via Venmo — and that was in late 2017. Surveys and other types of reports are taking note of this apparent trend. About a fifth, by comparison, had used Venmo for gambling.

Payments 115

Payments Marketing Millennials Trends 115

PYMNTS

DECEMBER 24, 2020

But no one was predicting a global pandemic that would shutdown the travel industry, events and physical retail. Consumers now shop for retail products from home at nearly double the rate they did a year ago, while three times as many relocated their grocery shopping from the store to their homes. The Expert Opinions .

Millennials 206

Millennials Retail Course Report 206

PYMNTS

JANUARY 13, 2021

The social media-focused platform company’s business model is simple: it’s a retail destination for consumers looking to sell their second-hand apparel and other goods or pick up desirable designer items for fraction of the price. million in 2019, Poshmark made $21.1 31 were millennial or Gen Z consumers. After losing $14.5

social media 169

social media Trends Retail Millennials 169

PYMNTS

FEBRUARY 14, 2020

While it’s certainly not the case with every firm, for many, years of venture funding and building size and scale are considered favorable to an early entrance into the public markets with the vicissitudes of public investors. We went public when we had about 100 retailers signed on and 30,000 customers, so really early in the process.

Millennials 159

Millennials Retail Management US 159

PYMNTS

DECEMBER 11, 2020

Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. Nearly 90 percent of millennials have credit cards, yet still seek new ways to finance their online purchases. That’s more than double the rate from 2019, according to the Better Business Bureau. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

AUGUST 8, 2019

The company will partner with top fashion and beauty brands and retailers for the event, which offers its two million U.S. Discounts will be offered across retailers such as NARS Cosmetics, Schutz, APL, Steve Madden and more. market just over a year ago and is now signed with over 6,500 U.S. retail partners. many others.

Branding 117

Branding US Retail Millennials 117

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million Gen Zers in the market who are eligible to carry credit cards.

Millennials 124

Millennials Cards Lending Data 124

PYMNTS

JULY 14, 2020

billion in 2019, a 112 percent increase. Merchant revenue margins for fiscal 20 are expected to be in line with or better than the first half of fiscal 2020 and fiscal 2019. The company is exploring a number of small mergers and acquisitions to accelerate roll out across potential new international markets. Total sales were $11.1

Millennials 188

Millennials Capital Trends Report 188

FICO

DECEMBER 19, 2018

My wallet headed into 2019 is about 1/10 th the size it was at the start of the year. My 2019 prediction is that my newly trimmer wallet will be even thinner by next December. I’m predicting that I, along with millions of other consumers, will go cashless in 2019. Stopping by a farmers’ market to catch a slice of life?

Fraud 80

Fraud Payments Mobile Cards 80

PYMNTS

JUNE 14, 2019

The offering itself is somewhat familiar to apparel market watchers who have watched the evolution of the rental clothing box industry over the last half-decade. If a subscriber finds something she loves, she can also choose to purchase it from Nuuly, often at a discount from retail.”.

Marketing 116

Marketing Branding Retail Millennials 116

PYMNTS

NOVEMBER 13, 2019

The great holiday shopping rush is upon us and the annual spending extravaganza is underway as retailers do anything and everything within their power to try to lure in that enhanced consumer spend. Baby boomers and Gen X will lead holiday spending this year, according to the 2019 Holiday Purchase Intentions Survey from The NPD Group.

Millennials 101

Millennials Groups Retail Online 101

PYMNTS

SEPTEMBER 9, 2019

Syte, a Tel Aviv startup that is building technology to help retailers and digital platforms sell merchandise through visual search, has raised $21.5 The company did not release its valuation but did say it’s projecting a 300 percent increase in revenue growth in 2019. . This brings the company’s total amount raised to $32 million. .

Millennials 108

Millennials Retail Technology Company 108

PYMNTS

FEBRUARY 10, 2020

Younger consumers expect instant gratification and affordable ways to obtain the goods they desire, prompting more retailers to adopt buy now, pay later (BNPL) payment services. billion in eCommerce revenue annually by 2022, meaning brands must bring in Gen Z and millennial shoppers. Fashion is projected to generate $712.9

Branding 134

Branding Retail Millennials Payments 134

PYMNTS

OCTOBER 20, 2020

Until recently there was “a consumer” who industry felt it understood, and whose tastes it knew well enough to gauge the market of new products and services. A recent PYMNTS study found that more than two-thirds of consumers see rescuing Main Street physical retail linked to the economic vitality of their local communities.

Maine 221

Maine Retail Branding Study 221

PYMNTS

DECEMBER 7, 2018

Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. cities, and IKEA is no exception: It is intending to bring a “Planning Studio” to Manhattan this coming spring.

Retail 122

Retail San Francisco Arizona Los Angeles 122

PYMNTS

JANUARY 21, 2021

Recent studies have found that debit issuers lost approximately $1 billion to fraudsters targeting transactions at the physical POS or ATMs in 2019 — and this was before the ongoing pandemic expanded fraudsters’ opportunities to launch their schemes. retailers have digital oversights that leave them vulnerable to attacks.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

MARCH 10, 2020

Between 2018 and 2019, there was a 162 percent increase in buy now, pay later (BNPL) downloads – rising to roughly six million – of the most popular new “layaway” apps by the close of last year. Consumers love the delayed payment options and so do retailers, but the BNPL players themselves are loving their business model, too.

Case Study 135

Case Study Retail Millennials Branding 135

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million Gen Zers in the market who are eligible to carry credit cards.

Millennials 101

Millennials Cards Lending Data 101

PYMNTS

DECEMBER 18, 2020

million in 2019, Poshmark made $21.1 That’s up 28 percent from the same 2019 period. million from $50 million in the same 2019 period. percent in 2020’s first nine months, which didn’t sway the market once the stock started trading. orders on average on our platform in 2019.”. After losing $14.5 30 quarter.

social media 232

social media Online Millennials Training 232