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JANUARY 2, 2019

But will 2018’s strong seasonal spending portend a happy commerce new year for retailers? The vast majority of consumers are still feeling confident about their financial situation, and younger consumers in the bridge millennial demographic are aging into their prime spending years.

Millennials 158

Millennials Fraud Maine Retail 158

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MAY 20, 2017

Are millennials eating too many avocados on toast for their own good? The crux of the debate is this: are first- time home sales down because, given the choice of a two car garage and a yard in the suburbs, millennials have, en masse, decided they’d rather enjoy a more richly-delicious brunch experience, week in and week out?

Millennials 119

Millennials San Francisco New York New York City 119

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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

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MAY 6, 2017

It’s been chronicled in these virtual pages that millennials are the driving force behind change – change in how payments are done, how banking is banked, how social media influences commerce (or doesn’t) and how shopping may become a hybrid of high touch across the digital and physical realms. Now that seems to be true even in fashion.

Millennials 101

Millennials Branding social media Operations 101

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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

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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

AUGUST 17, 2017

It can be argued that some of the toughest buyers to keep in mind when planning out retail strategies are teenagers. While one day a teen may be into shopping strictly online, another day may see an offline preferred experience or a mixture of both, and retailers must be at the ready to transform engagement efforts at any given time.

Retail 127

Retail social media Online Mobile 127

PYMNTS

AUGUST 14, 2017

Take a look at this chart, which lays out grocery chain market share. You will observe grocery, as a retail category, is very fragmented. Walmart has the largest market share at 14.2 I’ll point out that those retailers did, apparently, have the money to hire lawyers. This one is particularly amusing. Investors put $2.65

Innovation 109

Innovation Online Google Millennials 109

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APRIL 18, 2019

The second time is the charm — that holds true for Neiman Marcus, and the hot retail trend the chain is tapping into (again). Retailers are increasingly turning their sights to resale commerce. The latest evidence for that came this earlier this week from the high-end retail chain. Resale Factors. It also said 44 million U.S.

Retail 117

Retail Online Trends Course 117

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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. billion at $4.85

Branding 129

Branding Retail Columbus Las Vegas 129

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

AUGUST 17, 2017

It can be argued that some of the toughest buyers to keep in mind when planning out retail strategies are teenagers. While one day a teen may be into shopping strictly online, another day may see an offline preferred experience or a mixture of both, and retailers must be at the ready to transform engagement efforts at any given time.

Retail 114

Retail social media Online Mobile 114

PYMNTS

JANUARY 27, 2020

I’ve always been in trading and markets, and I have always been a trend follower,” O’Grady said. Launched In 2017, Phocus caffeinated water comes in several flavors, all calorie-free and without any kind of added sweeteners. It can now be found in 1,500 retail locations nationwide and counting.

Louisville 131

Louisville Marketing National Millennials 131

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AUGUST 11, 2017

This stems from emerging markets like China, Russia and the United Arab Emirates starting to move into the luxury purchasing arena, with 70 percent of consumers increasing their spending. Within these emerging markets, we’ve seen retailers make large bets on luxury.

Millennials 122

Millennials Survey Retail social media 122

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AUGUST 22, 2018

We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. The company noted that its own industry, market and competitive positioning data comes from Bain & Company and a number of other third-party data sources. Within that, how much is online?

Online 101

Online Retail Branding Data 101

PYMNTS

NOVEMBER 23, 2017

As of 2017, Thanksgiving’s evolution is continuing forward into the future. According to the American Farm Bureau Federation, 2017’s dinner table prices are hitting five-year lows. The last time Thanksgiving was this cheap was 2013,” John Newton, the federation’s Market Intelligence director. drop from last year.

National 131

National Retail Survey Examples 131

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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.

Payments 115

Payments Marketing Millennials Trends 115

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FEBRUARY 19, 2020

According to a late 2017 report by the Centers for Disease Control and Prevention , almost 40 percent of American adults and nearly 20 percent of adolescents are obese – the highest rates in U.S. The firm recently raised $10 million in Series A funding to push its sustainable lifestyle-changing app into the wider global market.

Marketing 131

Marketing Exercises Course Big Data 131

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APRIL 19, 2018

Wendy’s , for example, planned to roll out self-ordering kiosks at about 1,000 of its retail locations by the end of 2017 in an attempt to both lure younger customers and to battle long lines at peak dining hours. billion is the projected size of the interactive kiosk market by 2023. That’s up from just 2 percent in 2017.

Retail 102

Retail eBook Customer Experience Ohio 102

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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

SEPTEMBER 17, 2018

13 through 16, is further evidence of the eCommerce giant’s “new retail” strategies, where offline and online conduits converge, as noted by sites such as marketing-interactive.com. Data from CBN also found that millennials launched as many as 700,000 shops on the Taobao platform last year.

Millennials 134

Millennials Lending Retail Trends 134

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FEBRUARY 14, 2020

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? The 2019 wine retailer of the year was online – specifically, it was a good year for Wine.com. Millennials are leading a premium trend for wine.

San Francisco 150

San Francisco Millennials Oakland Customer Experience 150

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FEBRUARY 26, 2019

According to a report in Fintech Futures , HSBC started the beta test with 15 retailers in Hong Kong. In the early part of 2017, HSBC announced the new payment app, geared toward millennials in Hong Kong who also wanted social media built in. bank plans to add more retailers to the beta test in the next few months.

social media 178

social media Millennials Fintech Retail 178

PYMNTS

JUNE 8, 2018

Driven by younger customers, such as millennials and teens, casual luxury is bolstering sales of luxury apparel, handbags and footwear. The really-growing brands now beating the market are the ones already hooking these teenagers,” Bain Partner Claudia D’Arpizio told CNBC.

Millennials 100

Millennials social media Branding Groups 100

PYMNTS

OCTOBER 6, 2019

Go Global Retail announced its plans to acquire the assets of ModCloth from Walmart. ModCloth offers exclusive indie and vintage-inspired women’s clothing, shoes, handbags and accessories for 18- to 35-year-old women, while Go Global Retail is a brand investment platform for strategic investors in the consumer sector.

Retail 129

Retail Branding Strategy Digital Strategies 129

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

FEBRUARY 20, 2020

After its disastrous Q4 2017 and resulting meltdown , the toy industry’s dominant force now has one store (small, at Garden State Plaza) and plans for 10 more. That unburdens Toys R Us from shipping, marketing and fulfillment costs. No one expects Toys R Us to steal its market share back from Walmart, Target and Amazon.

US 156

US Industry Branding Millennials 156

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JUNE 26, 2018

Make no mistake: Dogs, cats and other domesticated animals already serve as a healthy source of sales for retailers. billion worth of pet food in 2017, up 38 percent from the previous year. The Pet Insurance Market. According to the 2018 report, the average accident and illness premium for dogs in 2017 was $535 ($44.58/month)

Millennials 117

Millennials Policies Industry New York 117

PYMNTS

APRIL 30, 2018

As Amazon adds established clothing brands to its platform, Chico’s FAS will become one of the latest companies to sell its merchandise on the eCommerce retailer’s site. The company’s brands include Chico’s, White House Black Market and Soma , CNBC reported.

Branding 100

Branding Millennials Retail Marketing 100

PYMNTS

MARCH 9, 2017

As more companies ready themselves for eCommerce-based marketing strategies, the brick-and-mortar side is also prepping for integrating more connected in-store experiences. Euclid Analytics has found one anomaly that may turn all of this around on its head and bring the retail industry back to more traditional outreach efforts.

Study 114

Study Analytics Millennials Retail 114

PYMNTS

NOVEMBER 15, 2018

Data: $10 billion: Current value of the global digital identity market. 24 percent: Share of millennials who are credit union members. households that were wholly unbanked in 2017. 217 percent: The increase in searches for home listings in Crystal City, Virginia since Amazon officially announced it as one of two HQ2 locations.

Data 128

Data Virginia Payments Millennials 128

PYMNTS

MAY 12, 2017

Like sands through the hourglass, these are the days of our retail lives. With orders averaging out to $150 per person and the average buyer’s age 28, Spring is focused on the millennial age group and expects to see its 2017 gross sales reach $100 million.

Millennials 108

Millennials Retail Branding Groups 108

PYMNTS

JANUARY 10, 2018

When Gap bought Athleta in 2008 for $150 million, the move didn’t cause much of a stir — beyond being considered a hedge play by the retailer against the exploding popularity of Canadian athleisure brand lululemon , which debuted its initial public offering (IPO) in 2007. We’re not like, ‘Oh, it’s all about millennials.’

Millennials 105

Millennials Branding Retail Marketing Strategies 105

PYMNTS

JANUARY 15, 2018

The funding will be used for growth initiatives, with an eye on millennials, and a launch of nine new localized sites across the U.S., and select European markets — undertakings that will see hiring accelerate at the company. Our bottom-line results are moving toward profitability exactly as planned.”.

Millennials 134

Millennials Branding Capital Report 134

PYMNTS

APRIL 9, 2020

consumers who had shopped in a physical retail location during the previous week. More vexing still is the market potential of mobile wallets when compared to actual performance. The latest Mobile Wallet Adoption 2020 study notes that while penetration is good and the market potential for mobile wallets is estimated at $2.3

Mobile 140

Mobile Apple Cards Millennials 140

PYMNTS

MAY 15, 2017

The online retail giant is set to release the Echo Show to the world on June 28 of this year. Given the market’s reaction to the Echo Show during the holiday season, it’s possible we’ll see the Echo Show sell out quickly as well. The Echo Show retails for $229.99 percent market share. The remaining 5.6

Google 108

Google Millennials Samsung Video 108

PYMNTS

OCTOBER 21, 2019

Retail chain Destination Maternity reportedly filed for bankruptcy on Monday (Oct. According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” The company owns 458 stores in the U.S., percent CAGR since 2017, according to one recent estimate.

Trends 101

Trends Retail social media Online 101