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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. billion) in 2016 in a 20 percent increase from the prior year, Bain & Co said in a report on Wednesday.

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BNPL Is Poised To Light Up The COVID Holidays With Affordability

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Debatably the most impactful payments innovation of recent years — and that’s saying something — BNPL is having a massive impact on retail, as evidenced by the proliferation of brands and the steady flow of venture capital to players that are defining the space. Bridge Millennials Crossing Over To BNPL. Like their love of BNPL.

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Estee Lauder Agrees To Buy Asian Beauty Brand

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In what is reportedly its first acquisition of an Asian beauty brand, Estee Lauder Cos. Dr. Jart+ was founded in Seoul in 2005 and sells masks, moisturizers, serums and cleansers under names such as Ceramidin and Cicapair, Deal Street Asia reported. Have & Be also owns Do The Right Thing, a men’s grooming brand. Coty Inc. ,

Branding 101
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Melding Digital With Physical Rescues In-Store Retailing

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Noting the ways COVID has permanently changed retailing, CNBC recently reported , “As more and more stores go dark at the mall, some major retail executives are looking to grow outside of it — a tactic they hadn’t touted so publicly before. And as compelling as the current eCommerce expansion is, counting out stores is a big miscalculation.

Retail 252
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BJ’s On The Block, Amex’s Millennial Problem And Another Big Breach

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The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. While BJ’s doesn’t have quite the scale, scope or name recognition of its rivals Costco and Sam’s Club, among the wholesale shoppers of the northeastern United States, the brand maintains a fairly devout following.

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TGI Fridays, Fast Casual Food To Cater To Millennial Expectations

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Whole Foods and other retailers capitalizing on the at-home health food craze were able to get out in front of millennial eating trends — or, at least, start riding at the crest of the wave. In the morning, TGI Fridays hopes young millennials will come in to work at reservable tables. ” Hang out they’ll have to.

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D2C Telehealth Firm Hims Plans SPAC IPO

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Hims , a direct-to-consumer (D2C) company selling health products targeted at millennials, is going public via a special purpose acquisition company (SPAC), CNBC reported. Hims was started three years ago and is sometimes called Hims & Hers, targeting both men's and women's health brands. Hims could be valued at $1.6