PYMNTS

MAY 14, 2020

Every online wine company that reports sales has noted big spikes during the pandemic. 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. out of 10 on “likelihood to recommend.”. “The

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Online Retail Millennials Analytics 164

PYMNTS

FEBRUARY 13, 2020

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today. For corporate travel, it has been encouraging partners to focus their offerings on millennials. Millennials will book directly at a rate of 63 percent.

Millennials 150

Millennials Examples Cards Groups 150

PYMNTS

APRIL 6, 2019

Because the millennial art buyers are arriving – and what they buy, how they buy it and how they relate to it is very different than prior generations. The Simpsons,” Dolls, Shoes – The Eclectic World of Millennials’ Collections. It wasn’t the only big sale for a KAWS piece that day – a millennial Chinese buyer dropped $2.6

Millennials 148

Millennials Marketing Trends New York 148

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That’s not to say physical retail is dying.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

AUGUST 25, 2019

Kohl’s is teaming up with the social media giant to uncover emerging brands that millennial shoppers consider cool. In another attempt to reach millennials, Kohl’s partnered with Popsugar to launch a clothing line last September. Kohl’s own curated lines will roll out in October with brands Adore Me and pop-up card designer Lovepop.

Millennials 133

Millennials Data social media Branding 133

PYMNTS

JANUARY 10, 2020

They want convenient booking tools, fast payment methods and secure reservations when planning their trips, and these needs have not changed much as millennials have come of age. Millennials and younger generations are digitally minded and want to interact with brands that can answer their personal requests through online and mobile channels.

Millennials 131

Millennials social media Mobile Payments 131

PYMNTS

DECEMBER 24, 2019

As such, the most popular 2019 holiday gift trends — from an Afterpay point of view — involves a particular type of consumer, one perhaps more interested in fashion and beauty products than other consumer segments. Sneakers used to be functional, but now, they are part of who you are,” he added. That’s not all. Big Brands.

Millennials 139

Millennials Branding Trends Retail 139

PYMNTS

DECEMBER 28, 2018

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. The Two Faces Of Consumer Credit.

Millennials 145

Millennials Lending System Data 145

Bank Innovation

APRIL 19, 2019

based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 The Detroit, Mich.-based million — a 20% YoY increase.

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Detroit Millennials Online Capital 186

PYMNTS

FEBRUARY 10, 2020

Data Shows 41 Pct Hike In Ransomware Attacks In 2019. In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial. Crypto Fraud Scores More Than $4B In 2019.

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US Taxes Millennials Payments 142

PYMNTS

DECEMBER 6, 2019

Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. In the inaugural Buy Now, Pay Later Tracker , PYMNTS explores the potential impact that BNPL could have on the retail world, especially during the 2019 holiday season.

Millennials 219

Millennials Payments Retail Apple 219

PYMNTS

NOVEMBER 15, 2019

The upcoming holiday shopping season is expected to break records in online spending, according to a study by Adobe Analytics. Per Adobe, this holiday season consumers will spend 20 percent more with their smartphones than last year, for $14 billion in total, accounting for 36 percent of all online sales. Nearly half (46.3

Retail 128

Retail Mobile Millennials Tools 128

PYMNTS

OCTOBER 7, 2020

In fact, a PYMNTS data project that studied Black Friday in 2019 found that only 20.2 percent shopped online during Black Friday last year, which was double the 2018 number. That would mean that Black Friday 2020 would see a maximum of 15 percent of shoppers go to physical stores, and that 30 percent could shop online.

Millennials 241

Millennials New York City Retail Study 241

PYMNTS

SEPTEMBER 16, 2019

Also, bridge millennials offer profound insight into the future of connected commerce. The just-released annual PYMNTS/Visa How We Will Pay 2019 identifies marked shifts in the attitudes, behaviors and expectations for the role apps, devices and purchasing channels play in how U.S. Visa, Insurers Partner On Real-Time Claims Payouts.

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Millennials Payments Report Regulation 120

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. The 2019 wine retailer of the year was online – specifically, it was a good year for Wine.com.

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San Francisco Millennials Oakland Customer Experience 150

PYMNTS

NOVEMBER 4, 2019

From counterfeiting to identity theft to phishing attacks, digital fraud takes many forms — and online shopping continues to make consumers and merchants vulnerable to such attacks. In fact, North America’s top 1000 online retailers have sold $143 billion worth of goods to customers outside the U.S.,

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Fraud Retail Online Study 124

PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. percent of millennials believe it is “very” important to receive payments in real time. percent of consumers who did so in 2019 — an increase of 27.4

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Data Innovation Payments Millennials 277

Perficient

JANUARY 12, 2021

Consumers are looking for online buying processes that are easy and can provide opportunities to search, learn, and purchase products without and roadblocks, especially during COVID-19. In 2019, Gartner projected that over 100 million customers would be shopping with AR in 2020. So, is this the year of AR breakthrough?

Customer Experience 538

Customer Experience Branding Video Online 538

PYMNTS

MAY 23, 2019

As of 2019, three quarters of customer interactions with credit unions are digital — the remaining 25 percent is split between branch visits, ATM stops and call center calls. Millennials, Bridge Millennials and the rapidly up-and-coming Gen Z consumers mostly prefer digital banking as their go-to when they interact.

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Online Millennials Digital Banking Maine 123

PYMNTS

DECEMBER 18, 2020

In doing so, we bring the power of community to buying and selling online. 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. But things turned around later in the pandemic as shoppers moved online. After losing $14.5 30 quarter.

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social media Online Millennials Training 232

PYMNTS

DECEMBER 26, 2019

But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations. A lot of these brands don’t have stores.”. And should be.

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Retail Branding Course Charlotte 135

PYMNTS

AUGUST 31, 2018

That arguably describes the recent acquisition of Seattle-based Blueprint Registry , an online universal gift registry, by David’s Bridal , the privately held wedding retail chain that traces its roots back to the first years after World War II. Online Advantages. When in doubt, bet on digital. Industry Changes. Industry Changes.

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Online Retail Seattle Industry 100

PYMNTS

SEPTEMBER 30, 2019

Online Resale. Online resale has become all the rage — even for retailers like Neiman Marcus — from a little bit of everything on OfferUp to fashion-focused Poshmark and high-end The RealReal and 1stdibs. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

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Online Fraud Branding social media 101

PYMNTS

JANUARY 17, 2020

And in online shopping, eCommerce retailers such as eat2explore are helping to introduce families to new cuisines with boxes of recipes, spices, sauces and grains, among other items. 25 percent: Approximate share of millennial women who report buying 10 or more scented candles a year. All this, Today in Data.

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Retail Millennials Regional Data 130

PYMNTS

FEBRUARY 11, 2020

Consumers have long grown accustomed to online shopping, but familiarity does not necessarily result in increased purchase volumes. They may spend hours browsing retailers’ online or mobile websites, only to abandon the items placed in their carts — the digital equivalent to window shopping. BNPL Solutions and Breathing Room .

Millennials 130

Millennials Retail Mobile Online 130

PYMNTS

DECEMBER 11, 2020

Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. Australian consumers like going to the store more than consumers in other countries, even though they find it less satisfying than shopping online. eBay: Offline Payment Preferences Are Changing Online Habits .

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Trends Fraud Millennials Community Bank 175

PYMNTS

OCTOBER 1, 2019

As discussed in the latest “ How We Will Pay 2019 ” survey, done in collaboration between PYMNTS and Visa, the age of the connected consumer has dawned. To that end, ownership of the key enabler of contactless payments – that would be smartphones, of course – is up, reaching 90 percent in 2019 versus 84 percent in 2018.

Millennials 140

Millennials Payments Study Groups 140

PYMNTS

DECEMBER 7, 2020

The collaboration between Google Pay and the Pine Labs company Qwikcilver gives users an expanded choice of digital gift card options, offering some 150 brands in 1,500 physical and online locations. . More than 35 percent of millennials said they planned to buy a gift card; over 34 percent of Gen-Xers said the same. .

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Google Cards Millennials Survey 148

PYMNTS

JANUARY 16, 2020

Convenience is key in the retail sector, especially in eCommerce, where merchants with frustrating or complicated online shopping processes can easily lose customers. Millennials have matured financially, but many remain wary of using traditional credit to buy even routine or small-ticket items. How Millennials Are Driving BNPL Growth.

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Millennials Mobile Retail Branding 130

PYMNTS

NOVEMBER 19, 2020

Forty-six percent prefer shopping online. In addition, 30 percent of shoppers, including 39 percent of Generation Z and millennials surveyed, would find a BNPL installment pay option a boost this year, according to the report. billion value in 2019. Klarna’s 2020 Holiday Retail Report found that most U.S.

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US Millennials Branding Retail 186

PYMNTS

DECEMBER 30, 2020

The December edition of the Buy Now, Pay Later Tracker® explores how consumers’ shifts toward using BNPL solutions in stores and online accelerated during the holiday shopping season, as well as how this trend is poised to grow in the year ahead. The Latest Buy Now, Pay Later Developments. One study found that 41 percent of U.S.

Payments 276

Payments Trends Millennials United States 276

PYMNTS

JUNE 12, 2019

Phone numbers, email addresses, usernames and other online signifiers have become essential to verification as the world becomes more connected. Data: 64 million: Number of cars equipped with some form of connected technology that will be shipped worldwide in 2019. $59 All this, Today In Data.

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Security Millennials Data Retail 148

PYMNTS

NOVEMBER 27, 2019

To make things easier for shoppers, Walmart is also introducing an online gift finder and will launch a digital toy catalog on Nov. Millennials plan to spend more money this holiday season, and will use their mobile devices to do the majority of their shopping. Gift Finder. Consumer Preferences. That’s not all.

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Trends Millennials Retail Study 130

NCR

AUGUST 14, 2017

It can be tempting to view online banking as the inevitable future of the sector. Yet despite the rush towards online services, banks shouldn’t forget that not all their customers will be on board with this. The reasons for shunning online services. The post Who are the holdouts still not using online banking?

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Online United States Millennials Digital Banking 85

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

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. The group’s connected commerce behaviors are well-documented in the annual PYMNTS/Visa How We Will Pay 2019 study released just today. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

JANUARY 20, 2020

Millennials to the Rescue. Indeed, there are solid reports out there that millennials — that scapegoated generation blamed for the demise of certain fast-casual restaurant chains, densely-packed pieces of primeval carbon (aka diamonds ) and other consumer mainstays — are helping to keep the greeting card industry alive.

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Retail Millennials Cards social media 183