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Why Millennials And Gen Z Could Save 2020's Holiday Shopping Season

PYMNTS

We see millennial and Gen Z customers absolutely shopping, and the brands that deeply understand them are growing at faster rates than they have ever grown before,” Molnar said. There are real opportunities for those brands that deeply understand their consumer.”. And there's a huge opportunity. Consider Consumers’ Needs.

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Can Millennials Revive Call Center Commerce?

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Millennials have long borne the blame for a variety of problems in commerce, including the decline in popularity of diamonds and certain fast casual restaurants. Millennials could be helping to bring new life to call center commerce. That’s reportedly the case when it comes to luxury retail brand Gucci. Gucci Operation.

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Kohl’s To Tap Into Facebook Data To Create Millennial Clothing Line

PYMNTS

The fashionistas posting on Facebook have the attention of Kohl’s , which is looking to create a curated clothing line based on the brands people are wearing most, the Motley Fool reported Sunday (Aug. Kohl’s is teaming up with the social media giant to uncover emerging brands that millennial shoppers consider cool.

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Top News in Payments: Uber Halts Upfront Pricing in CA; Amex Cleared To Operate In China

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Amex Cleared To Operate In China. The central bank in China said it accepted an American Express application to start working in the country but did not say when Amex would begin operations. Battle For Millennials. Millennials and Gen Z want to travel, and they’re willing to spend more to do it. Airbnb: How To Win The $1.4T

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Analysts Predict Even Darker Time Ahead For Department Stores

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Moody’s Investors Service slashed its forecast for department stores this season — with expectations the sector will log as much as a 20 percent decline in operating income. That trend will benefit some department store brands — Nordstrom and Macy’s with their respective Rack and Backstage offerings, for example.

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Today In Payments: MineralTree Raises $50M, Buys Two Companies; Robinhood Raises $460M

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The new funding is an outcropping of the Series G round unveiled in August for the firm, which is said to have helped millennials become interested in trading. FIS, TCH Partner To Connect Small Banks, CUs To RTP. PayPal’s Rainey: CFOs Must Focus On Customers (Not Just Cash Flow) Amid Great Digital Shift.

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Grocery Round-Up: Digital-First Delivers For Kroger, Another Instacart Pair-Up And Hoarding Round 2

PYMNTS

The dishes are cleared, the leftovers are largely eaten and the world of grocery shopping is settling down to normal as Thanksgiving week 2020 passes into memory, (or at least whatever passes for normal) as the year is heading into its final few weeks. Q3 operating profit hit $792 million, up from $254 million the previous year.