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Chinese Millennials May Save Luxury Brands

PYMNTS

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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PYMNTS Study Tracks COVID-19 Changing Life In America

PYMNTS

Standout findings from “ Navigating The COVID-19 Pandemic: How Consumers Are Reorganizing Their Lives in the Wake of the Outbreak ” include the following: Eighty-five percent of the population was at least “slightly” concerned about the COVID-19 pandemic, with bridge millennials expressing the most concern.

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Bank of America Grabbing 1 in 3 Gen Zs and Millennials with Mobile

The Financial Brand

The post Bank of America Grabbing 1 in 3 Gen Zs and Millennials with Mobile appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Megabanks are winning greater checking market share as younger consumers become the majority. But all is not lost.

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Bank Of America To Enter High End Rewards Credit Card Market In The Fall

PYMNTS

Bank of America is getting into the high end rewards credit card battle, rolling out the Bank of America Premium Rewards credit card in September. For Bank of America customers who have $20,000 or more in a checking, savings or investment account with the company, they will earn more points. Those with $20,000 to $50,000 get 2.5

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How Kohl’s Is ‘Thinking Differently’ As It Moves On Millennial Shoppers

PYMNTS

When Kohl’s decided to bring Amazon into its store locations about a year ago, many commentators wondered if the brand had made a big mistake. Gass’ hope is to help push the Kohl’s base lower, as she is looking to draw millennial customers to the brand as their new go-to location for merchandise of all kinds.

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How Digitally Native Brands Can Grow With Showrooms

PYMNTS

Digitally native brands are trying on a new brick-and-mortar model for size: Instead of opening the doors to cavernous stores, they are opting to create smaller-format locations. In turn, brands such as Indochino can benefit by not having to stock many items. Already, the company has about 30 showrooms across North America.

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Brand-New Data: Imminent Vaccine Availability No Magic Bullet Against COVID Fears

PYMNTS

Days after the first Pfizer/BioNTech vaccine announcement was made, PYMNTS set out to discover how a much-anticipated COVID-19 immunity shot is likely to move the needle of normalcy and begin to boost confidence, allowing America to affect a recovery in full. Surveying a census-balanced panel of over 2,800 U.S.

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