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New Beginnings In Retail And Digital Payments

PYMNTS

In brick-and-mortar retail, women’s clothing and accessories company Charming Charlie aims to have a big comeback this year, while JCPenney is beginning the new year with a post-Chapter 11 reboot, with new owners, new financing and soon a new chief executive. 2014 : The year that healthy pet food company Freshpet went public.

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AI/BOTS: AI Bank Tech And Millennials

PYMNTS

As more millennials become adults and baby boomers pass on, these young adults will have larger purchasing power. Census, shared that the number of millennials (75.4 Given these figures, and varying degrees of purchasing power, and interest in trying out new technologies in everyday settings, millennials seem to have the upper hand.

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Retailer Gap Partners With BNPL Platform Afterpay To Boost Holiday Shopping

PYMNTS

Buy now, pay later (BNPL) payments platform Afterpay is teaming up with retailer Gap to offer flexible spending options as the holiday shopping season gears up. to bring Afterpay to such a powerful set of brands and their customers,” said Melissa Davis , head of North America at Afterpay. . We are proud to partner with Gap Inc.

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Baby Boomers vs. Millennials: Which Generation Has More Entrepreneurs?

PYMNTS

The millennial generation is often viewed as the entitled group of youngsters that believe everyone should get a participation trophy, while baby boomers are typically seen as more of a “pull yourself up by your own bootstraps” kind of generation. What makes this even worse is that millennial unemployment is an astounding 11.5

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Afterpay Announces Nationwide Adoption By Major Retailers

PYMNTS

Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country. Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct.

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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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Boomers Vs. Millennials: Holiday Shopping … In September?

PYMNTS

It’s still technically summer for a few more days, but we already know how shoppers — Baby Boomers and millennials — are going to shop this holiday season. Retail sales in November and December are forecast to grow by just 1.3 Retail sales in November and December are forecast to grow by just 1.3 So, what are millennials buying?