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Chinese Millennials May Save Luxury Brands

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Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. 2017 saw a global recovery of the luxury retail market due to their affinity for high-end brands.

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Why Installment Payments Are Fashionable This Holiday Season

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Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. The Tracker also explores how the payment preferences of younger generations — such as bridge millennials, millennials and Gen Z — may be well-suited for utilizing BNPL.

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Chase Sapphire Brand Expanding Into Checking Accounts

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is expanding the Sapphire credit card brand into new areas of personal finance, including checking accounts. According to the report, the Sapphire Reserve card is popular among millennials because of the generous rewards points, which cater to their desire to travel. JPMorgan Chase & Co.

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2018 Recap: The Year That Retailers Evolved With Their Mobile Apps

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Merchants from grocers to quick-service restaurants (QSRs) and gas stations rolled out new ways for consumers to transact from mobile ordering to scan-and-go checkout in 2018. Amazon, however, isn’t the only retailer that deployed similar technology this year. It plans to bring the technology to about a quarter of its U.S.-based,

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Retail Pulse: Floravere Opens NYC Store; Target Debuts Everspring Brand

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Direct-to-consumer wedding brands are opening stores in real life — and personalizing the customer experience within them through digital technology. At the same time, the brand seeks to create personalization through every one of its touchpoints. In Other Brick-and-Mortar News. percent and 1.0 percent, respectively.

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Sensory's VoiceHub Debuts On Audio Weaver For Hands-Free Command Coding

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Silicon Valley's Sensory , which works in pioneering artificial intelligence, has rolled out its new VoiceHub technology, which will allow developers to make wake words and voice control command sets, a press release says. Millennials, the survey found, are around twice as likely to use this technology as other generational demographics.

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Kohl’s Redoubles Omnichannel Efforts Amid Rise In Digital Sales

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Amid a double-digit increase in digital sales and a focus on omnichannel efforts, Kohl’s Corporation beat analysts’ top-line revenue and earnings estimates for the fourth-quarter of 2018. Rewards and Millennials. The department store retailer reported revenues of $6.8 billion and earnings per share of $2.24 billion and $2.18