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Teen Spending Hits Record Low, But Savvy Merchants Can Still Make Sales

PYMNTS

And while 2020 has represented an unusually sharp drop, teen spending has been on the decline for some time — peaking in 2006 at $3,023 on average. Teenagers might be buying fewer bags on the whole, but those who are buying are thinking big with luxury purchases as opposed to middle-market brands. A Foreseeable Fall-Off .

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‘The Most Interesting Man In The World’ Is No Longer Interesting

PYMNTS

When Dos Equis debuted its “Most Interesting Man In The World” campaign in 2006, it stood in direct opposition to the prevailing trend in beer advertising. And, of course, the brand is seeking to build the campaign into digital content that it hears all the kids love so much.

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For eCommerce Content, It’s Experiences Over Speed

PYMNTS

Online luxury marketplace 1stdibs stands as an example of that kind of content, along with providing — as do some other companies — a demonstration of the appeal of both digital and physical forms of content to tie consumers to a brand or ecosystem. In a discussion with PYMNTS on Wednesday (Feb. In a discussion with PYMNTS on Wednesday (Feb.

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Bankers and Strategic Bets. A Slow Embrace.

Jeff For Banks

That's what I thought about while reading a recent Financial Brand post about Innovation in Banking: Killer Ideas? How do we balance strategic direction, customer demand, and the futurist or wildly over-caffeinated millennial that tells us we have to implement every shiny new object or we'll die? Didn't even exist in 2006.

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12 Industries Experts Say Millennials Are Killing — And Why They’re Wrong

CB Insights

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

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The Wonder Of Wegmans

PYMNTS

They were aware of what millennials wanted before the millennials even got there and that ‘shopping’ didn’t mean filling your cart with canned peas; it meant hanging out, learning about food and eating it.”. Wegmans was prescient,” on grocery analyst noted. And of course what Wegmans stocks and how it prices are a big factor.

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A Look at the Savings Tech Horizon: Passive Investing

Fintech Labs Insights

This millennial-focused app offers an easy way to help poor young, tech-savvy investors make the jump into the stock market. Acorns’ Found Money feature leverages brand partnerships. When consumers spend money with select companies, the brand to invest back. Most likely, you’re already familiar with Acorns.