PYMNTS

OCTOBER 20, 2020

And bridge millennials are nearly twice as likely as the average consumer to utilize voice-activated technology to make purchases, as they are the first generation of consumers who have grown up with connected devices and are accustomed to shopping and paying with them. All this, Today in Data.

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Millennials Data Branding Technology 130

PYMNTS

NOVEMBER 9, 2020

Now there are signals that a physical retail rebound is forming up. presidential election in the rearview mirror and 2021 right around the corner, a new shift is underway: the slow but certain move back to shopping inside retail stores — an experience that people still crave for the experiential joy it brings. With the U.S.

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Retail Millennials Online Tools 261

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DECEMBER 28, 2018

The new year will bring a new round of one of the hottest games in the payments-and-commerce world: What makes millennials tick? Census, millennials are 25 to 34 years old. The reason for that is because data shows a significant difference in payments and commerce between this segment and the Census view of millennials.

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Millennials Payments Retail Mobile 162

PYMNTS

JANUARY 9, 2020

For example, studies show that one in every five millennials would abandon travel booking processes if their preferred payment method was not offered. Millennials are set to become a significant portion of global travelers (they already are, in fact), so it is critical for platforms to reach them in the channels where they are already.

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Millennials How To Trends Payments 134

PYMNTS

OCTOBER 8, 2020

All this, Today in Data. Data: $509: Average amount that millennials spent on Black Friday in 2019. And in digital onboarding, email verification and other authentication technologies can assist in offering a seamless and safe experience for consumers. 41%: Portion of banks focusing their investments on KYC automation.

Retail 233

Retail Millennials Data Technology 233

PYMNTS

OCTOBER 5, 2018

The stated goal, according to new CEO Jim Brett – is for the brand to build back its audience particularly among millennial shoppers. Teaming up with another retailer is not wholly new ground – some J.Crew and Madewell items are already on sale, and a partnership with Hudson Bay has already been announced.

Millennials 128

Millennials Retail Branding Mobile 128

PYMNTS

MAY 10, 2018

This lower figure, plus the drive to digitize the market, is making the clothing industry increasingly competitive, with retailers clamoring to attract and maintain shoppers’ loyalty. The retail torch is being passed to a small cross-section of consumers, where Generation X meets the millennial generation, known as the bridge millennials.

Millennials 113

Millennials Marketing Data Retail 113

PYMNTS

FEBRUARY 10, 2020

Well, as Reynolds Consumer Products President and CEO Lance Mitchell told Karen Webster in a recent conversation, according to the company’s internal data, about 90 percent of Americans have at least one Reynolds product in their homes, and 75 percent have at least three. Moving On Millennials . How good are those odds?

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Millennials Innovation Groups Marketing 181

PYMNTS

DECEMBER 4, 2018

The millennial path of destruction allegedly continues, with those young consumers now taking blame for the decline in the popularity of canned tuna — a product that joins a casualty list that already includes diamonds and restaurants such as Applebee’s. Before we get to that, let’s review the newest charges leveled against millennials.

Millennials 136

Millennials Branding Industry Trends 136

PYMNTS

JANUARY 7, 2021

In brick-and-mortar retail, women’s clothing and accessories company Charming Charlie aims to have a big comeback this year, while JCPenney is beginning the new year with a post-Chapter 11 reboot, with new owners, new financing and soon a new chief executive. All this, Today in Data.

Retail 141

Retail Payments Millennials America 141

PYMNTS

APRIL 9, 2019

Have millennials started starving a segment of commerce in a socially positive way? Added to the list of things millennials are killing — along with homeownership, the institution of marriage and diamond jewelry — is apparently alcohol. Folks in the millennial generation have maybe a better sense of balance. Data from U.S.

Millennials 147

Millennials North Carolina Trends Metro 147

PYMNTS

MAY 26, 2020

The data on millennials’ lifetime earnings potential were already fairly grim long before the word “coronavirus” became part of everyone’s daily conversations – and before the U.S. A 2016 paper led by Stanford University Economist Raj Chetty found that millennials were in deeper economic trouble than a quick look at the U.S.

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Millennials Study Groups Survey 153

PYMNTS

OCTOBER 20, 2016

19) released a report, dubbed “Millennial Study: Privacy vs. Customer Experience,” which charts the digital consumer preferences and behaviors of millennials in seven global markets — the U.S., Germany, Hong Kong, Malaysia, Mexico and Brazil — and found millennials are guarded about sharing their personal data.

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Millennials Study Data Customer Experience 100

PYMNTS

AUGUST 23, 2017

As more millennials become adults and baby boomers pass on, these young adults will have larger purchasing power. Just last year, Pew Research Center’s research , which included data from the U.S. Census, shared that the number of millennials (75.4 million) had surpassed that of baby boomers (74.9 million).

Millennials 196

Millennials Industry Groups Study 196

PYMNTS

JANUARY 20, 2020

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Millennials to the Rescue.

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Retail Millennials Cards social media 183

PYMNTS

MARCH 13, 2017

As retailers across categories fawn over shares of millennial spending power, new insight from market research and analytics firm Slice Intelligence indicates that, in terms of apparel market sales, one online retailer appears to have already won the battle. percent of online apparel sales go to millennials. Old Navy (5.1

Millennials 130

Millennials Retail Online Analytics 130

PYMNTS

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. Indeed, as the recently completed National Retail Federation (NRF) retail show in New York City demonstrated, commerce keeps moving to what Webster called in the webinar a “customer-centric approach.”

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Retail Millennials New York City social media 137

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. Data Insights and Personalization.

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Retail Tools Millennials social media 143

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. All this, Today in Data. Data: 55 hours: Burn time of each small Otherland candle.

Retail 130

Retail Millennials Regional Data 130

PYMNTS

AUGUST 23, 2019

Online marketplaces for everything from retail goods to travel services to hospitality need to ensure a quick and easy way for both buyers and sellers to transact with each other— or risk losing both sides to a waiting host of competitors. An AI-Powered Visual Shopping Experience For Millennials, Gen Z.

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Millennials Trends Meeting social media 165

PYMNTS

OCTOBER 9, 2020

In retail, holiday shopping is kicking off early with the 10.10 All this, Today in Data. Data: $50M: Amount of investment U.K.-based 40%: Share of millennials who do not have a primary care physician. 40%: Share of millennials who do not have a primary care physician. Shopping Festival.

Retail 126

Retail Innovation Millennials Data 126

PYMNTS

DECEMBER 24, 2019

All that’s left now, more or less, is the rush of returns that will all but overwhelm some retailers. Sneakers, of course, are always popular,” and that popularity looks likely to hold well after the 2019 holiday shopping season — thanks to the preferences of younger shoppers, including millennials and Generation Z. Top Sellers.

Millennials 139

Millennials Branding Trends Retail 139

PYMNTS

AUGUST 9, 2019

In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. Moran said the overall trend toward automation is being driven by the consumer, and in particular, by millennial consumers.

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Retail Analytics Millennials Online 181

PYMNTS

DECEMBER 23, 2019

Analysts say they are now employing methods, such as subscribing to retailers’ emails, so they can monitor sales, doorbuster deals and promotions. They’re counting the proportion or number of millennials and Generation Z shoppers at a store, and counting the number of Instagram-popular fashion brands in a store. Analysts say U.S.

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Retail social media Millennials Analytics 131

PYMNTS

MAY 10, 2017

The millennial generation is often viewed as the entitled group of youngsters that believe everyone should get a participation trophy, while baby boomers are typically seen as more of a “pull yourself up by your own bootstraps” kind of generation. What makes this even worse is that millennial unemployment is an astounding 11.5

Millennials 135

Millennials Maine Groups Retail 135

PYMNTS

AUGUST 28, 2019

Forget millennials – well, at least for a moment. So-called Generation Z is also driving much of the innovation when it comes to retail. To reach consumers on the hunt for offerings that are “clean and natural,” the retail chain rolled out its Everspring household brand. Take Target, for instance. Fast Fashion.

Retail 148

Retail Trends Millennials Survey 148

PYMNTS

AUGUST 2, 2018

Shifting consumer habits are causing a sea change in the retail landscape. And businesses that are unprepared for this change – including gas station retailers – could risk getting drowned out by the competition that more quickly adapts to this reality. Technology is an essential element of Bridge Millennials’ shopping processes.

Millennials 101

Millennials Mobile Groups Retail 101

PYMNTS

DECEMBER 8, 2016

Between the Instagram selfies, Twitter hashtags and Facebook posts, millennials seem to overshare. The more information that’s asked of them, the less likely it is that [millennials] will finish the application,” said Johnny Ayers, cofounder of Socure. “The And they need customer data — at least some. But how few is “fewer?”.

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Millennials Data social media Technology 100

PYMNTS

AUGUST 31, 2017

Retailers trying to bridge the growing gap between the shopping trends of Baby Boomers, Generation Z and every demographic in between may think they have the different generations figured out, but in some cases, operating on assumptions can lead to missed sales. Millennials. Baby Boomers. was home to 81.3 was home to 81.3

Retail 147

Retail Millennials Study Trends 147

PYMNTS

DECEMBER 11, 2020

Apparel subscriptions are adapting to the work-from-home trend, as physical retail stores are feeling the effects of light traffic and reluctant shoppers. In digital retail, the social commerce category is completing the year with a flourish as consumers discover new ways to shop from shared videos and social posts.

Millennials 163

Millennials Video Retail Data 163

PYMNTS

JANUARY 14, 2021

Our findings also indicate FIs that offer innovative options such as interactive and contextually relevant video content stand to improve engagement and customer experiences, especially among younger generations like bridge millennials and millennials.

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Video social media Millennials Data 224

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

MAY 24, 2016

Millennial moms have been written about fairly exhaustively. Millennials, that precious group of consumers aged 18-34, are no longer merely a trendy demographic. According to data from the Pew Research Center , they’ve recently surpassed baby boomers as the largest generation. And the focus makes a good deal of sense.

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Millennials Portland Retail Study 100

PYMNTS

MARCH 30, 2020

Consumers shopping in droves via eCommerce channels is hardly a piece of breaking news — for the better part of a decade, that has been obvious to anyone watching the retail space. They are, Fiserv Senior Vice President of Retail Solutions John Nicola told Karen Webster in a recent conversation — and in great numbers.

Retail 177

Retail social media Millennials Branding 177

PYMNTS

OCTOBER 1, 2018

The question for merchants and retailers is how to turn those changing payments preferences into new ways to reach and please one’s consumer base. Data: 60 percent: Share of millennials who report they prefer using apps to make payments. Data: 60 percent: Share of millennials who report they prefer using apps to make payments.

Data 155

Data Millennials Mobile Online 155

PYMNTS

DECEMBER 26, 2019

Change came from various areas for retail in 2019. Retail merchandising was, at best, a hit-or-miss system in its heyday, Nextail CEO and Co-Founder Joaquin Villalba told PYMNTS in a recent conversation. However, it is increasingly out of data, and out of step with modern consumer behavior and preferences. Role of Data.

Retail 132

Retail Trends Analytics social media 132

PYMNTS

SEPTEMBER 9, 2020

The virus itself is not the only factor in play, however, with the devastating economic downturn and record-high unemployment rates also sharply reducing consumers’ purchasing power and their willingness to make retail purchases. Digital commerce is one of the only truly safe revenue streams available to retailers right now.

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Retail Report How To New Jersey 169