PYMNTS

FEBRUARY 27, 2020

In this case, it’s the gap between interest and intent, the chasm that lies between consumer awareness of unattended retail and actually taking the plunge in buying at the kiosk and vending machine. At a high level, according to PYMNTS data , unattended retail is reaching only one-tenth of its potential. Hurdles For Larger Merchants.

Retail 131

Retail Comparison Technology Branding 131

PYMNTS

JANUARY 16, 2020

Convenience is key in the retail sector, especially in eCommerce, where merchants with frustrating or complicated online shopping processes can easily lose customers. Avoiding such an exodus means retailers must be flexible when developing the tools consumers use to make purchases. How Millennials Are Driving BNPL Growth.

Millennials 130

Millennials Mobile Retail Branding 130

PYMNTS

OCTOBER 1, 2020

Luxury retailers are seeking ways to entice younger consumers to purchase expensive items in a retail world saturated with inexpensive alternatives. Millennials and Generation Z consumers are embracing buy now, pay later (BNPL) plans as a way to responsibly purchase items without incurring fees or debt in the process.

Millennials 210

Millennials Retail Maine Payments 210

PYMNTS

DECEMBER 30, 2020

This year will not only go down in history as “the year of the pandemic,” but for consumer packaged goods brands, it will also be known as “the year of direct to consumer.”. 1 reason cited involves loyalty to well-known brands. This suggests that D2C does well in areas where consumers have strong brand preferences.

Branding 257

Branding Millennials Retail social media 257

PYMNTS

APRIL 23, 2019

This might be a ploy to retain T-Mobile customers, but it’s also intended to appeal to consumers without any real affinity for a more traditional financial services provider, including the highly coveted millennial, as well as the unbanked and underbanked. These same brands also ranked highly on hypothetical interest in banking with them.

Millennials 145

Millennials Mobile Study Branding 145

PYMNTS

JANUARY 3, 2017

Retail is a dog-eat-dog world, operating at times on the thinnest of margins. Rewards can help lure customers to a brand and keep them there. I think merchants and issuers alike see the value of rewards in creating a storyline for customers, enhancing the relationship with the brand and driving stronger loyalty,” he added.

Retail 137

Retail UX Cards Branding 137

PYMNTS

DECEMBER 4, 2017

And this is not Jim Beam’s first time at bat: In September 2016, it borrowed some thunder from the new Apple Watch with its own Jim Beam Apple Watch , created to promote its Jim Beam Apple line of apple-flavored whiskey. Adding a celebrity to the family is always a good way to catch the millennial demographic’s eye.

Kentucky 108

Kentucky Apple Millennials social media 108

PYMNTS

OCTOBER 21, 2020

21) that it is launching a new destination for electronics products to feature Certified Refurbished products, not from its sellers but from brands like De'Longhi, Dirt Devil, Hoover, Makita, Philips and Razer, which will sell exclusively on the eBay platform. The reCommerce trend continues to gain momentum. eBay announced on Wednesday (Oct.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

OCTOBER 20, 2016

Although millennials and mass affluents are obvious early adopters, the survey found that all consumers are open to digital payments. NFC World reported that 12 percent of those polled prefer PayPal while retail-branded apps are second at 9 percent and Apple Pay is at 4 percent.

Apple 100

Apple Mobile America Payments 100

PYMNTS

APRIL 19, 2018

The storied department store is a bit more than a brand at this point. At 159 years old, it officially counts as a retail institution — one that hasn’t spent much of the last few years looking too healthy. In retail as in sailing, the bigger the boat, the harder it is to change direction. The explanations given for why vary.

Millennials 101

Millennials Branding Retail Online 101

PYMNTS

MAY 28, 2019

Smartphones contributed one trillion dollars to overall retail sales in the United States during 2018. And when it comes to mobile payments, Apple is teaming up with partners like the Bonobos clothing store and Bird scooters to reduce friction for purchases such as clothing and scooter rides. Just under 40 percent – or 39.1

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

FEBRUARY 11, 2020

If there was any stigma left about used clothing it may have been erased last week as Nordstrom put its high-end brand on what it calls “re-commerce.”. percent of StockX sales had a retail multiple of 1x to 2x , meaning that resale prices were between zero and 100 percent over retail. We like the handle. It says some 57.5

New York City 124

New York City Marketing New York Los Angeles 124

CB Insights

NOVEMBER 6, 2018

While beauty conglomerates like L’Oréal are making acquisitions to become more tech-enabled, tech giants like Google, Amazon, Facebook, and Apple (GAFA) are pursuing the high margins in beauty through partnerships, consumer insights, e-commerce, and more. Search data helps brands understand shopper preferences. Looking ahead.

Google 72

Google Apple Industry Branding 72

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

JULY 15, 2016

It was a genius marketing campaign but also oddly prescient, because, to retailers, the back-to-school shopping season really is like the second coming of the Christmas shopping season, or about as close as they can get to it, as it remains the second-largest retail season of the entire calendar year.

Millennials 100

Millennials Retail Online Study 100

PYMNTS

AUGUST 24, 2016

The world of retail can be a fickle mistress. Or in the case of Chipotle , years and years of buzz, customer loyalty and positive brand image were undone after a couple of diners got sick from eating at Chipotle locations across the country (which the brand is still trying to recover from). Best Buy reported $8.53

Phoenix 100

Phoenix Apple Arizona Retail 100

PYMNTS

APRIL 30, 2018

QVC President and CEO Mike George said when the deal was announced,“By creating the leader in discovery-based shopping, we will enhance the customer experience, accelerate innovation, leverage our resources and talents to further strengthen our brands, and redeploy savings for innovation and growth.

Branding 129

Branding Millennials Retail social media 129

PYMNTS

MARCH 12, 2019

For physical retail, and department stores in particular, it’s both the best of times and worst of times. The headline topping the news this week was that, in 2019, more than 4,800 retail locations have or will close. certainly don’t make for compelling reading for retail executives. million to get the startup off the ground?

New York 144

New York Retail Branding Online 144

Banking 2020

FEBRUARY 13, 2015

Articles via American Banker, Payments Source, The Financial Brand, Bank Innovation. For financial institutions, it’s important to monitor what consumers are interested in and what they need before investing money in new retail POS solutions. Below are interesting stories the Banking.com staff has been reading over the past week.

Apple 40

Apple Mobile Payments Millennials 40

PYMNTS

SEPTEMBER 18, 2017

Forbes reports that Discogs owes its success to the vinyl resurgence and, though some millennials may not want to admit it, to big corporate retailers as well. Business owners in other retail categories can learn from this. It’s not millennials, but older generations that want everything to be fast, the report claimed.

Millennials 109

Millennials Retail Google Apple 109

PYMNTS

MAY 28, 2019

Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are having an increasing impact on payments and commerce. But let’s not forget the role of the teenager in digital retail, financial services and transactions. Retail and Teenagers.

Digital Banking 139

Digital Banking Google Mobile Groups 139

PYMNTS

AUGUST 4, 2016

Meanwhile, Samsung is tackling the African market ahead of Apple and Android, and Google announces a way to avoid app downloads. Millennials Eschew Bank Mobile Wallets. The study found that both millennials and non-millennials want to use mobile to manage finances, and cash is becoming less important to both groups.

Samsung 100

Samsung Google Mobile Millennials 100

PYMNTS

AUGUST 14, 2018

Amazon and its ever-expanding marketplace of goods presents a problem that looms large in retail: try to beat ’em or try to join them. It’s not impossible to compete, but Amazon’s most notable and intractable competitors are super-sized themselves: Walmart, Google, Target, Apple, etc.

Retail 100

Retail Branding Course US 100

PYMNTS

SEPTEMBER 14, 2016

Here are some of the other big winners and losers of the retail game at the moment. Is John Lennon a brand? Millennials don’t seem to be feeling Banana Republic any longer, according to a study by RBC Capital Markets. This is not going to help the fashion retailer reverse its declining sales figures. Seriously, yes.

Los Angeles 100

Los Angeles Millennials Apple Retail 100

PYMNTS

NOVEMBER 5, 2018

To help improve the retail shopping and shipping experience, virtual reality (VR) and augmented reality (AR) is catching on with big-box retailers in the U.S. AR could be on the cusp of having its moment, as a large brick-and-mortar retailer has fresh plans to appeal to shoppers willing to test out the technology.

social media 152

social media Los Angeles Retail New York City 152

PYMNTS

FEBRUARY 18, 2019

Walmart subsidiary Jet.com has recently announced expanded initiatives to attract and retain millennial shoppers , a partnership to deliver seafood with Fulton Fish Market and a meal kit delivery partnership with Blue Apron. Today, based on brand-new PYMNTS proprietary analysis, Walmart accounts for roughly 8.9

Retail 134

Retail Marketing Millennials Analysis 134

PYMNTS

JULY 21, 2017

Given that the debit and credit card share of total retail sales is at 77 percent, acceleration in contactless may be in the (virtual) cards. Some familiar names such as Amazon, Facebook and Apple helped propel that index, showing that enthusiasm for all things digital is unbowed. billion pounds. billion, up 12 percent from last year.

Millennials 100

Millennials Mobile Branding Retail 100

PYMNTS

AUGUST 14, 2017

You will observe grocery, as a retail category, is very fragmented. billion fine onto Google, claiming that their product carousel ads created an unfair advantage to small guy retailers who didn’t have the money to advertise. I’ll point out that those retailers did, apparently, have the money to hire lawyers. Investors put $2.65

Innovation 109

Innovation Online Google Millennials 109

PYMNTS

OCTOBER 13, 2016

London transportation that accepts Oyster will support mobile payments of up to £30 only, and for larger amounts, users can use Vodafone Pay at retailers, which requires a PIN. Apple Needs To Diversify. But the big problem for Apple Pay is that users are not convinced that it is a better way to go than the method they currently use.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

JANUARY 5, 2017

Unattended retail has been on a technological march toward progress — so much so that it is no longer an afterthought for companies but a solid revenue driver if done correctly. Especially with unattended retail, as people really are creatures of habit. Video screens. Cashless payments. Mobile promos.

Retail 107

Retail Technology Mobile Millennials 107

William Mills

AUGUST 11, 2016

They discuss key insights from their article in the 2016 Bankers as Buyers Report titled, “The Payoff of Bank-Branded Mobile Wallets With Tender Reciprocity.” Interview Topic: The Payoff of Bank-Branded Mobile Wallets with Tender Reciprocity. RC: And integrating with the retailer right. Interviewer: Charlyne H.

Branding 40

Branding Mobile Retail Strategy 40

PYMNTS

OCTOBER 29, 2018

Alphabet’s stock took a drubbing, and remains down after they reported a decline in the prices it charged advertisers, coupled with the increase in the cost of paying partners to distribute its search engine – some $9 billion to Apple alone , it’s been reported. Apple … and the iPhone Customer.

Payments 196

Payments Google Apple Innovation 196

PYMNTS

JANUARY 11, 2019

The lucrative “ bridge millennial ” consumer segment — relatively high-earning and highly educated, and approaching their peak earning years — are particularly fond of this technology, with 31 percent reporting ownership of a voice-activated device and 55 percent of those owners using them to make a purchase. The Numi 2.0

Google 145

Google Samsung Apple Technology 145

PYMNTS

DECEMBER 12, 2016

But not brand. That, he said, isn’t about 100 different apps stretching across 100 different retailers, but instead, there should be strong integration across platforms, such as the Apple Pay wallet, where digital cards pop up automatically on a user’s home screen when they are walking into a merchant. Therein lies a conundrum.

Cards 100

Cards Mobile Branding Retail 100

PYMNTS

JANUARY 8, 2020

Sustainable commerce is having a moment — well, two or three of them given how millennials and even younger consumers champion the trend — and that applies to food waste and commerce involving meat and plants. Bruised fruits could become apple chips,” he said. One potential example of that? Larger Trends and Investments.

Trends 131

Trends Maine Technology Capital 131

PYMNTS

FEBRUARY 3, 2017

Seventy-five percent of retailers in the country now accept mobile payments, 10 percent of domestic transactions use contactless payments, and overall, usage of the payment method is growing at a rate of roughly 1 percent a month. Amex Pay, like Apple Pay, allows Android mobile phone users to complete transactions this way.

Payments 100

Payments Mobile Apple Study 100

PYMNTS

FEBRUARY 18, 2019

I hosted a digital discussion last week with an executive from Sift with more than 15 years of experience building trust and safety organizations for some of the biggest digital brands in the world – including Google , Facebook and Square. Amazon Takes Its Bite Out of the Big Apple.

Cards 169

Cards Course Study New York 169