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

SEPTEMBER 30, 2020

Dramatic shifts are underway in the retail sector as it adjusts to consumers’ increasingly digital preferences. These retailers are accustomed to engaging with their customers in brick-and-mortar stores and building long-lasting relationships that lead to brand loyalty. billion this year — almost double last year’s total.

Payments 279

Payments Millennials Retail Trends 279

PYMNTS

MAY 1, 2020

Like many retailers, Tradesy opened 2020 with great expectations and big plans. Significant growth in terms of their active user base and revenue were on the agenda — to be supported by a major investment in marketing to get the word out about the Tradesy peer-to-peer (P2P) market model and its advantages for both buyers and sellers.

Millennials 162

Millennials Branding Retail Marketing 162

PYMNTS

AUGUST 23, 2019

Adyen Gains Traction With Mid-Market Firms. Dutch payments processor Adyen showed significant double digit, first half gains, driven by online commerce and global business from mid market firms. So far, Amazon has invested more than $6 billion in India’s growing internet market.

Marketing 116

Marketing Millennials Payments Compliance 116

PYMNTS

DECEMBER 11, 2019

The nearly universal need for medication and other remedies is driving retail innovation via the pharmacy sector — and that includes the area of customer experience. One of the keys of the commerce game these days is providing a deeper customer experience, and that holds true when it comes to healthcare retail. Delivery Programs.

Retail 132

Retail Innovation Houston Customer Experience 132

PYMNTS

JUNE 14, 2018

Millennials are a force to be reckoned with, as they are made up of approximately 90 million individuals with significant spending power: By 2030, their aggregate annual income is projected to be more than $4 trillion. Gravy’s CEO Brian Wiegand thinks of it as “QVC meets Price is Right.” Attracting Millennials.

Millennials 118

Millennials Branding Mobile Apple 118

PYMNTS

NOVEMBER 6, 2019

Venmo has also been adding features to differentiate itself, such as rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. Venmo Rewards is now offering 5 percent cash back at Target, Sephora, Chevron and Papa John’s, and 4 percent cash back at other retailers.

Millennials 107

Millennials Payments Cards Survey 107

PYMNTS

NOVEMBER 5, 2019

But things are changing fast in this corner of retail. LISNR is one company involved with gas station, convenience store and general retail transactions. Let’s say I drink iced coffee every morning, but don’t buy donuts,” Chris Triconi, director of petro, convenience stores, and fuel retail for LISNR, told PYMNTS. Delivery Push.

Retail 101

Retail Millennials Mobile Training 101

PYMNTS

JUNE 26, 2017

It seems that most every industry these days is vying for millennial dollars and devotion. For an industry where millennials are projected to spend nearly $800 billion in 2017 (that’s 7 percent more on monthly food budgets than average Americans), restaurants are hankering to pull out all the stops to get millennials to order — in or out.

Millennials 125

Millennials Mobile User Experience Survey 125

PYMNTS

NOVEMBER 3, 2016

The average shopper — retail’s favorite concept. Up until the end of the 1990s, Peoria was a favored test market. And arguably, in the age of digital retail, omnichannel and an ever-proliferating number of places that consumers can close the deal, so to speak, the search for an average consumer is something of a lost cause.

Meeting 100

Meeting San Francisco Millennials Philadelphia 100

PYMNTS

JULY 8, 2019

It also found that nearly 91 percent of consumers say their primary financial institutions meet their needs. In a new PYMNTS interview, Andrei Cherny, CEO at Aspiration Bank, shares with Karen Webster his experience in building this new retail banking concept over the last four years. That’s not all, of course. “No Aspiration Results.

Retail 116

Retail New York City Millennials Boston 116

PYMNTS

NOVEMBER 26, 2018

percent of consumers, this customer base may represent a marketing opportunity for C-stores. According to Thorntons, the ability to provide consumers with a loyalty-focused mobile solution has “changed the game for our marketing efforts.”. While apps are used for gas station payments by only 4.5

Marketing 153

Marketing Mobile Millennials United States 153

Jeff For Banks

JULY 5, 2022

I was invited to speak at a bank client's annual meeting of shareholders on what I think a bank needs to do to thrive. The money market mutual fund became a formidable competitor to the bank account. In Pennsylvania, Rocket has number 1 market share. Then came this bubble generation they named millennials. Even as adults!

Millennials 78

Millennials Community Pennsylvania Community Bank 78

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 New Connected Command Center .

Millennials 206

Millennials Retail Course Report 206

PYMNTS

AUGUST 26, 2019

Also, Kohl’s is teaming up with Facebook to capture the attention of millennials, and world bankers met to discuss whether a new cryptocurrency would be better than relying on the dollar as a global reserve company. Despite Meeting Swiss, US Lawmakers Remain Libra Skeptics. She said the meetings did not assuage her concerns.

US 109

US Millennials cryptocurrency Fraud 109

PYMNTS

AUGUST 28, 2018

What about retail stores, restaurants and hotels? Technology is making it easier for the workforce to put in the daily eight (or 10, or 12) hours from their own homes, but another change is taking place: Using commercial space left behind by retailers, or in eateries or hotels, as communal areas of work. WeWork Efforts.

Retail 101

Retail New York City Arizona United States 101

PYMNTS

DECEMBER 13, 2016

According to DynamicAction’s Retail Index: Holiday 2016 , retailers have increasing their promotions and offers by 52 percent this holiday season. By analyzing more than $8 billion in consumer transactions globally, the index found that more retailers are turning to deals, discounts and rewards than in previous years.

Retail 100

Retail Survey Millennials Training 100

PYMNTS

SEPTEMBER 8, 2020

He said retailers and service providers need to address such anxieties as they sketch out their digital and omnicommerce strategies and think about what new tech to put in place. As long as retailers focus on creating such safe spaces, he said, “the future is bright.”. And that is where a lot of stress is created.”. Gauthier said.

Innovation 223

Innovation Retail Millennials Tools 223

PYMNTS

DECEMBER 6, 2018

As those [Toys R Us and Sears] stores close, it’s real market share that’s up for grabs.”. In addition, the retailer expanded curbside pickup to two new markets , California and Colorado. The retailer is already seeing a 10 percent rise in orders with the new service.

Colorado 130

Colorado Retail Millennials California 130

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

OCTOBER 7, 2019

“Combining NCR’s D3 digital banking platform with NYMBUS’ core banking platform allows us to better serve progressive financial institutions and corporations with well-known brands seeking to address the needs of digital-savvy customers in high-growth market segments.”.

Miami 109

Miami Digital Banking Branding Meeting 109

PYMNTS

SEPTEMBER 4, 2019

Millennials, the conventional wisdom goes, are far more into experiences than they are into buying things. But, he noted, in the case of millennials some of that fear is not just the same old alarm. This long-term worry is far more significant and can be summarized in one sentence: Millennials don’t want to buy stuff,” Becker said.

Las Vegas 101

Las Vegas Millennials Meeting Maine 101

PYMNTS

MAY 20, 2019

Kiosks are increasingly becoming part of the retail landscape. As reported in the latest Unattended Retail Tracker , done in partnership between PYMNTS and WorldNet Payments, unattended retail is gaining traction worldwide, on the heels of growth in consumer demand and as employers look to increase their operating profits.

San Francisco 170

San Francisco Retail Philadelphia Cards 170

NCR

JUNE 24, 2016

Personality Traits You Should Cultivate to Reach Millennials – Jessica Timmerman, CVA with Quantive Business Valuations, explains the importance of understanding your audience in order to increase business value. India’s e-commerce battle and the importance of payments – India has done a lot to boost financial inclusion.

Millennials 45

Millennials Payments Meeting Retail 45

PYMNTS

MAY 11, 2020

As Recurly Senior Vice President Emma Clark told PYMNTS in a recent conversation, that means the landscape for subscription retail players has radically shifted in recent weeks. There is a whole host of tactics that subscription retailers should make to adjust to the immediate reality of a COVID-19 world.

Millennials 228

Millennials Retail Groups Survey 228

NCR

JULY 12, 2016

Millennial customers are quickly becoming key to the growth strategy of financial institutions, particularly in hyper-competitive markets where customer churn remains high. While millennials tend to judge a bank on the basis of its digital capabilities, they still also expect a human connection to advise them.

Millennials 40

Millennials Meeting Compliance Regional 40

PYMNTS

JANUARY 17, 2018

The most popular time of the day when people drink coffee isn’t just a factoid: It’s a viable marketing strategy. The name stuck — and served the retailer well. With some heavy marketing, A&P was able to sell loads of baking soda at low prices — revealing that consumers were willing to purchase private label brands.

Branding 119

Branding Millennials Retail Strategy 119

PYMNTS

MARCH 6, 2020

Price reductions from consumers’ favorite brands would solve their issues, but retailers cannot drop prices as low as some might like. This atmosphere of financial flexibility is crucial to retailers looking to compete in today’s shopping environment, no matter how customers are transacting. BNPL Budgets and Customer Comfort.

Retail 131

Retail Branding Millennials Mobile 131

PYMNTS

JULY 17, 2018

Meeting, and even beating, those expectations has a long track record of winning, be it at Walmart or Amazon on the consumer-facing side, or at firms like UATP delivering on the unique expectations of the airline industry. trillion : The projected buying power of the millennial generation over the next two to three years.

Millennials 100

Millennials Course Meeting Cards 100

PYMNTS

JANUARY 8, 2021

Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest. The Tracker also explores what tools and technologies may prove beneficial for lenders looking to meet those needs. For more on these and other stories, visit the Tracker’s News & Trends.

Lending 163

Lending Examples Tools Meeting 163

PYMNTS

OCTOBER 1, 2018

To better reach millennials, Harley-Davidson is looking to Amazon. The motorcycle maker will offer merchandise such as riding gear and apparel through the eCommerce retailer, CNBC reported. “We In the past, consumers needed to visit licensed dealerships or the company’s website to buy Harley riding gear and apparel.

Branding 108

Branding Millennials Retail Online 108

PYMNTS

DECEMBER 11, 2020

Some 55 percent of millennials report being interested in giving digital gift cards this year, while 67 percent report hoping to receive one. Mao noted that the United States alone has about 55 million underbanked or unbanked consumers, while roughly 26 percent of 2019’s retail transactions involved cash. “If Don’t Forget Rewards .

Cards 291

Cards United States Strategy Retail 291

Gonzobanker

AUGUST 10, 2023

As bank executives navigate rising rates, margin compression and recession risk in 2023, a striking reality has seeped into leadership meetings: the hybrid workplace is here to stay, and there’s a ton of strategic ramifications to this new aspect of the business.

Leadership 140

Leadership Training Meeting Michigan 140

PYMNTS

DECEMBER 9, 2019

Holiday spending has changed over the past decade as digital payments began to filter into the retail world. Keeping up during this high-volume season can be difficult for retailers when shoppers have unique payment expectations. Fashion To Figure caters to the $21 billion plus size women’s clothing market.

Millennials 131

Millennials Branding Retail Payments 131

PYMNTS

DECEMBER 30, 2020

could become an even more competitive market for BNPL solutions in the future. Twenty-three percent of respondents stated that they used BNPL solutions to help them meet their financial needs, demonstrating that more consumers are focused on budgeting when shopping. The use of BNPL solutions is also expanding in the United Kingdom.

Payments 276

Payments Trends Millennials United States 276

PYMNTS

OCTOBER 21, 2020

"Demand for refurbished products has surged, and by securing exclusive rights to inventory sold directly from the most popular manufacturers, eBay is changing the way people shop this category," said Jordan Sweetnam , senior vice president and general manager for eBay's North America market.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

NOVEMBER 8, 2016

It is the nation’s second largest grocery retailer, but Kroger is not done growing. In an annual investment meeting on Wednesday, Kroger executives said they are taking a fresh look at their acquisitions and mergers (A&M) strategy, pointing out there is $100 billion market potential in companies that are defined as requiring a turnaround.

Tampa 155

Tampa Alabama Retail Online 155