Remove 2022 Remove Innovation Remove Millennials Remove Retail
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Can Retailers Find Secondhand Success With Luxury (And Other) Items?

PYMNTS

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.

Retail 117
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Today In Data: Digital Solutions To Inefficient Problems

PYMNTS

13 million to 17 million: Number of millennials forecast to purchase a home by 2022. 72 percent: Share of millennial consumers who rank homeownership as their top future priority. Data: 240 million: The number of invoices that run through Intuit’s QuickBooks platform annually. percent: Uptick in the cost of fraud for U.S.

Data 123
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Are Retailers Ready For Amazon?s Prime Time?

PYMNTS

Of the 41 percent of consumers who we reported still concentrate their grocery spend predominantly online, more than a third of those physical shoppers (37 percent of the 41 percent) visit multiple stores in search of “deals” and products not found at their main “go-to” store — and two-thirds of millennials do. Priming the Amazon Prime Pump.

Retail 156
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Is It Time For Apple To Allow Others Access To The iPhone NFC Chip?

PYMNTS

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. Almost half, 45 percent, have shifted digital to shop for retail products, and one in five to shop for groceries and order food from restaurants.

Apple 227
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Lyft Wants To Reward Consumers Who Sell Their Cars

PYMNTS

7), the transit-as-a-service operator is offering car and truck owners looking to offload their vehicles a deal: Sell those vehicles via online retail service Carvana and get in return $250 worth of Lyft credits, plus three months of free membership in Lyft’s new Lyft Pink membership subscription program.

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COVID Crisis: What Happens If Most People Don’t Get The Vaccine?

PYMNTS

Across generations, PYMNTS’ research found that 40 percent each of Gen Zs, millennials and bridge millennials (respondents born between 1979 and 1988) say that they either won’t or likely won’t get the vaccine, 25 percent more than those who say they very likely or likely will. The remainder were somewhat likely. percent and 17.8

Study 270
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Tapping Into The Gig Economy With Faster Payments For Workers

PYMNTS

To serve millennials and other consumers, Wells Fargo launched a mobile banking app called Greenhouse by Wells Fargo last year. The forecasted growth for the real-time payment solution market through 2022 is 100 percent. Three quarters — 75 percent — of college-age consumers prefer to interact with mobile banking apps.

Payments 150