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

APRIL 26, 2019

Direct-to-consumer wedding brands are opening stores in real life — and personalizing the customer experience within them through digital technology. Floravere Co-founder Denise Jin said in an announcement , “With our New York Flagship, we’ve created a retail experience that reflects how our bride actually shops: from IG to IRL.

Branding 123

Branding Retail New York New York City 123

PYMNTS

OCTOBER 1, 2019

To that end, ownership of the key enabler of contactless payments – that would be smartphones, of course – is up, reaching 90 percent in 2019 versus 84 percent in 2018. In paying for their retail purchases online and in store, in terms of the overall respondent pool, 9.6 percent of the bridge millennials and 42.2 featured 4.8

Millennials 140

Millennials Payments Study Groups 140

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

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. Farfetch was able to raise $885 million.

Retail 117

Retail Online Trends Course 117

PYMNTS

NOVEMBER 23, 2018

But don’t get too carried away — during the 2018 holiday season, most U.S. Cyber Monday will set yet another retail record this year, Adobe predicted, with sales on Nov. The growing and developing power of online retail and associated retail technology will also be demonstrated this holiday season. 26 to hit $7.7

United States 140

United States Millennials Retail Online 140

PYMNTS

MARCH 5, 2019

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. The department store retailer reported revenues of $6.8 Rewards and Millennials. billion and earnings per share of $2.24 billion and $2.18

Millennials 148

Millennials Philadelphia Chicago Retail 148

PYMNTS

JANUARY 26, 2021

Since 2018, Alexa has been able to develop “hunches” based on its observations of its users' habits. According to the data, consumers now shop for retail products from home at nearly double the rate they did a year ago, while three times as many have relocated their grocery shopping from the store to their homes.

Millennials 175

Millennials Data Trends Security 175

PYMNTS

SEPTEMBER 3, 2018

Here at PYMNTS our resident expert in thinking outside of the lines as laid out by conventional wisdom is Karen Webster — and summer 2018 has been a particularly good time for drawing long and unexpected lines way outside the box, and into a rapidly changing future. Retailers are where these consumers go to find these new products.

Innovation 100

Innovation Branding Retail Regulation 100

PYMNTS

JANUARY 7, 2019

A large portion of commuters, though (some 99 million), are finding ways to connect, either by using their smartphones or technology already built into their vehicles’ dashboards. Voice assistant technology, for one, has the potential to significantly boost in-vehicle commerce — for obvious reasons. About The Digital Drive Report.

Data 173

Data Millennials Report Google 173

PYMNTS

NOVEMBER 3, 2020

Helen Dickinson, chief executive of the British Retail Consortium, expressed concern that the latest round of U.K. Consumers aren’t going into a commerce coma, as retail experts around the world seem to fear. According to the study, bridge millennials engage in 14.1 How We Shop Now . Ownership of voice-activated devices by U.S.

Millennials 146

Millennials Data Study Survey 146

PYMNTS

MAY 22, 2019

Once upon a time, it was predicted that the rise of smartphones would spell the end of traditional retail, but that hasn’t really happened. And roughly one-third use their devices to “showroom” — one of retailers’ biggest fears a few years ago — to compare prices at competitors. percent in Q1 2018. Nearly half (46.8

Mobile 177

Mobile Study Retail Millennials 177

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

Millennials 124

Millennials Cards Lending Data 124

PYMNTS

JULY 13, 2020

The greatest health crisis in a generation is poised to accelerate innovation at the intersection of healthcare , technology and payments as never before. We’re not in retail healthcare,” Walmart senior director of strategy and customer experience for health and wellness Matt Parry told MedCityNews. We’re in healthcare.

Retail 219

Retail Innovation Online Seattle 219

PYMNTS

JULY 3, 2019

Founded in 2018, Joko’s loyalty program already works with dozens of major retailers including McDonald’s, Uber, Starbucks, Zara and more. Instead, the user is notified after their purchase and can check their points in the app, trading them for gift cards to several retailers or converting them into charitable donations.

Cards 135

Cards Fintech Retail User Experience 135

PYMNTS

OCTOBER 16, 2020

However, the number of consumers who carry greenbacks now is 11 percent lower than 2018. For example, 33 percent of retail shoppers favor contactless card technologies for their in-store purchases. For example, 33 percent of retail shoppers favor contactless card technologies for their in-store purchases.

Payments 166

Payments Study Survey Cards 166

PYMNTS

DECEMBER 24, 2018

Text messaging, social media, Pinterest and memes have all been offered up as avatars of destruction — and the general consensus seems to be that the death of conversation is a direct result of the digital age and probably has something to do with millennials. The art of conversation is far from dead.

Data 151

Data Payments System social media 151

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

Millennials 101

Millennials Cards Lending Data 101

PYMNTS

SEPTEMBER 16, 2019

Retailers scour social media to find influencers and designer bellwethers to turn trends into sales. In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Pundits identify bellwether states to predict election outcomes.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

APRIL 25, 2019

Most estimates for 2018 are around $900 million. These are particularly popular among Gen Zers, the up-and-coming generation that is starting to nudge millennials out of the headlines. These are particularly popular among Gen Zers, the up-and-coming generation that is starting to nudge millennials out of the headlines.

Retail 166

Retail America Video Millennials 166

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That’s not to say physical retail is dying.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

DECEMBER 6, 2018

Financial technology providers are partnering up to offer expanded mPOS capabilities to merchants, which are looking for tools to avoid long checkout lines. charitable giving market come from online donations , and the canned tuna industry is adapting to the tastes of millennials and younger consumers amid a decline in consumption.

Data 116

Data Millennials Financial Technology Tools 116

PYMNTS

JANUARY 14, 2019

While there are many retail touchpoints that can, and likely will, benefit from the connected car revolution currently underway, Frieden said, convenience stores (C-Stores), particularly those with an attached gas station, are standing on the forefront of that opportunity. billion on gas in 2018, $16.7 billion on coffee and $47.2

Millennials 158

Millennials Retail Mobile Report 158

PYMNTS

SEPTEMBER 11, 2018

In the past, I brought the new technology and differentiation to the flagship model and then moved to the mid-end. But I have changed my strategy from this year to bring technology and differentiation points starting from the mid-end,” Koh told CNBC in an exclusive interview last week.

Samsung 100

Samsung Millennials Mobile Innovation 100

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

DECEMBER 22, 2018

No matter what, though, the present and future of real Christmas trees — even if bought in a weekend frenzy — owes much to digital technology, eCommerce and the consumer preferences of younger buyers. That is helpful especially for “millennial and Generation Xers,” he said. Christmas Tree Landscape. consumers bought some 27.4

Industry 134

Industry Millennials National Online 134

PYMNTS

DECEMBER 18, 2020

Pairing technology with the inherent human desire to socialize, our marketplace creates passion and personal connections among users.”. million in 2018 and $48.7 million in 2018 to 31.7 31 were millennials or Gen Zers, which is a very desirable demographic for an online platform. Poshmark Is Turning a Profit. 30 quarter.

social media 232

social media Online Millennials Training 232

PYMNTS

MARCH 9, 2018

Today in PYMNTS data, Verifone’s first-quarter earnings largely met expectations, B2B FinTech firms are targeting millennials and small- and medium-sized businesses (SMBs) with digital financial services and blockchain appears to have real potential for market disruption. 206 million | Value of U.K.-based

blockchain 101

blockchain Data Millennials cryptocurrency 101

PYMNTS

FEBRUARY 18, 2020

These “ghost kitchens” are delivery-only, with owners spending less on property and directing funds into technological investments, lower menu prices and other concerns. based QSRs draw millennials consumers, with half of this age group reporting that they place more deliveries now than they did two years ago.

Millennials 232

Millennials Trends Strategy United States 232

PYMNTS

JANUARY 13, 2021

The social media-focused platform company’s business model is simple: it’s a retail destination for consumers looking to sell their second-hand apparel and other goods or pick up desirable designer items for fraction of the price. million in 2018 and $48.7 31 were millennial or Gen Z consumers. After losing $14.5 30 quarter.

social media 169

social media Trends Retail Millennials 169

PYMNTS

AUGUST 27, 2019

One-third of Gen Z members and more than one-quarter of millennials will make secondhand purchases in 2019 due to environmental concerns and cheaper prices, for example. It is set to rapidly expand over the coming years, too, climbing from a valuation of $24 billion in 2018 to $51 billion by 2023.

San Francisco 116

San Francisco Online Retail Millennials 116

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

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

MAY 24, 2019

Google has recently upped its game in the food service area of retail, further proof that innovation is heating up when it comes to restaurants – and another signal of how the connected vehicle ecosystem is developing. Food Retail Innovation. For instance, commuters in 2018 spent some $62.3 Those consumers also spent $43.9

Google 115

Google Mobile Retail Innovation 115

PYMNTS

NOVEMBER 28, 2017

Some of the most notable recent changes to the automotive market include the rise of electric-only vehicles , advancements in autonomous vehicle technology , the growth of rideshare companies and built-in vehicle payment tools that enable motorists to use their wheels to pay for parking or gas. The millennial factor. of Gen Xers.

Mobile 102

Mobile Millennials Los Angeles Trends 102

PYMNTS

APRIL 17, 2019

Payments will unify many of the services, apps and technologies that will make consumers’ vehicle rolling centers of commerce, not just transportation devices — a trend highlighted by this latest move from Alibaba. PYMNTS found that 82 percent of millennials would shop more during their commute if voice-activated technology was available.

Millennials 122

Millennials Mobile Trends Payments 122

PYMNTS

DECEMBER 19, 2016

By 2018, McDonald’s hopes to roll out delivery worldwide. Starbucks , Domino’s and Taco Bell already have popular digital payment options, especially with millennials (go figure). It’s working toward rolling out these technology upgrades in all of its worldwide locations by the end of 2018. Customers in the U.S.,

Florida 100

Florida Tampa Miami Millennials 100