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‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. With warehouses in New Jersey, Dallas, Las Vegas and Atlanta, Boxed offers bulk-sized products similar to those found at big warehouse retailers like Costco Wholesale.

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Mercedes-Benz Upgrades Subscription Service To Include AMG Models

PYMNTS

The subscription service was started in Atlanta about two years ago with the goal of attracting customers who wanted to be able to drive fleet of upscale cars without owning them. Currently, the service is only available in Nashville and Atlanta. Also included is a “personal concierge,” who can help members to swap out vehicles.

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Tru Kids Teams With Candytopia For Toys R Us Adventure

PYMNTS

The play areas will open toward the end of October at Buckhead’s Lenox Marketplace in Atlanta as well as on North Michigan Avenue in Chicago. It was created by Zac Hartog, events and production design expert; Jackie Sorkin, candy artist; and John Goodman, retail executive. And it had roughly 1,600 stores globally.

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For Visa, She’s Next Is What’s Next

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30 kickoff in Atlanta will include access to experts from Visa and entrepreneurs operating both nationally and globally. Notably, at the Atlanta event, participants from Visa, Square and Yelp will participate in the workshops. An inaugural Jan. For example, Simon said, the Jan. India and Mexico.

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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

According to “The State of Consumer Spending: Gen Z Shoppers Demand Sustainable Retail” from FirstInsight , 62 percent of Generation Z survey participants prefer to buy from sustainable brands, on par with millennials. More than 27 percent of orders had retail multiples less than 1x, which means they sold for under retail.

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How The Gap Hopes To Capture Consumers With A More Open Take On Loyalty

PYMNTS

For those who carry either the branded Gap card, or the Gap Mastercard (or anyone who has ever been part of a retail rewards program), the offerings are fairly familiar. Those who travel throughout the Gap retail ecosystem, spend nearly 10 times as much as those who are more “one-and-done” shoppers.

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Meal Kit Providers Exit Q2 With Industry In Major Flux

PYMNTS

With millennials working multiple gigs, very few have enough time left to make a proper meal — if they aren’t eating out at a local restaurant. Blue Apron opened up an experiential pop-up retail location in New York City, which featured cooking classes and celebrity chefs. The pop-up opened after Memorial Day and closed in late June.

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