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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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How FashionPass Is Innovating Clothing Rentals

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The clothing rental market in the United States is projected to reach $4.4 billion by 2028 and millennial women are leading the charge, according to Brittany Johnson, CEO and co-founder of online subscription-based clothing service FashionPass. This might attract customers, but retaining them requires constant innovation.

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For Macy’s and Men’s Wearhouse, No Millennial Tux and Tails Tailwind

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It’s been chronicled in these virtual pages that millennials are the driving force behind change – change in how payments are done, how banking is banked, how social media influences commerce (or doesn’t) and how shopping may become a hybrid of high touch across the digital and physical realms. Now that seems to be true even in fashion.

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

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This week we saw scientists march, the French go to the polls and a $400 high-tech juicer turned out to be an innovation on par with something that everyone already has: their hands. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. Ready to jump in? these days.

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Why Innovation Is Nothing Without Distribution

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More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. Distribution.

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How A Digital Makeover Could Be Key To CUs’ Member Acquisition Plans

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Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. This often means providing digital solutions and convenient banking options despite smaller technology and innovation budgets, however.

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The Buyers: Shift In Luxury Consumers

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This is evident with China’s JD.com snapping up luxury brand marketplace Farfetch for a cool $397 million this summer. In the more well-developed areas, like the United States and the European Union, only 53 percent of consumers are buying more luxury goods.