article thumbnail

CVS Expands Membership Program Nationwide To Lure Millennials

PYMNTS

After successful test runs in Boston, Philadelphia and Tampa, the CVS membership program CarePass will expand nationally with free delivery for an annual fee, CNBC reported on Monday (Aug. The pilot program indicated that 20 percent of users were millennials and that CarePass members spent 15-20 percent more at CVS.

article thumbnail

Pilot Raises $60 Million To Help SMBs Modernize Finances

PYMNTS

According to the release, the Pilot software helps SMBs access strategies to help build and accelerate growth, boost cash flow and have better profitability, through financial planning services akin to those offered by seasoned chief financial officers (CFOs).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amid Blockchain And Robotics Hype, Corporate Lenders Still Start With The Cloud

PYMNTS

According to a recent survey from the Boston Consulting Group (BCG), profits among the world’s corporate banking institutions is significantly declining – but digitization could halt that trend. Researchers found that just 17 percent of retail banks rated their digital transformation strategies as “optimal.”

article thumbnail

Big Retail Problems, Small Format Solution?

PYMNTS

Sears, it should be noted, is not the first retail chain to attempt an expansion-via-compression strategy. Successful brick-and-mortar retail strategy = Greek yogurt? Back in 2011, Walmart began opening Walmart Express locations that were targeted at shoppers that didn’t necessarily need to buy in bulk at the chain’s supercenters.

Retail 100
article thumbnail

Are Retailers Ready For Amazon?s Prime Time?

PYMNTS

Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. PYMNTS has been tracking the impact of the Amazon/Whole Foods acquisition on the grocery store sector since the day it happened, including this latest Whole Foods plus Prime Member Deals program strategy.

Retail 156
article thumbnail

What Amazon HQ2, Interchange Fees And Facebook Have In Common

PYMNTS

The self-interested business known as Amazon has created its shareholder value by putting the consumer experience at the center of its strategy. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials. Good luck with that. Some consumers will take the bait, of course, but most won’t.

Cards 169
article thumbnail

Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards

CB Insights

This strategy makes sense, as younger clients are most open to trying new fintech products: about 60% of US bank customers say they are willing to try a financial product from a tech firm they already use, and that number rises to 73% for customers aged 18 — 34. Strategies for enticing customers. How the products work.

Cards 71