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

PYMNTS

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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Alphabet’s New CEO, Millennial Black Friday Spending And Digital Drivers’ Licenses Top This Week’s News

PYMNTS

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. Millennials Were Black Friday’s Big Spenders in 2019. Millennials were the big Black Friday spenders , shelling out an average of $509.50 Top News . operations.

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Ex-Snap CSO Rivals Amazon With eCommerce Startup Verishop

PYMNTS

Imran Khan, who spent three years at Snap as chief strategy officer, has created a new retail company, Verishop , which aims to “bring joy back to online shopping, and do it at scale with the ease of online purchasing and fast delivery we’ve all come to expect.” Finders Keepers and N:Philanthropy. ”

Branding 140
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Walmart Jumps On Digital Bedding Bandwagon With Allswell

PYMNTS

Following in the footsteps of Target, West Elm and Pottery Barn, big-box retailer Walmart will be releasing its own line of home goods, mattresses and bedding. The design-centric, digitally focused brand is called Allswell, and it aims to deliver a greater assortment of goods paired with a more convenient shopping experience.

Branding 108
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Chatbots Overlooked When SMBs Invest In Tech: Study

PYMNTS

millennials say they want to engage with a chatbot when communicating with a brand, less than 30 percent of small business leaders across the retail, construction, manufacturing and services sectors are incorporating chatbots. Research from Capterra published on Tuesday (Nov. While nearly two-thirds of U.S. ”

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SoftBank-Backed Brandless Goes Bust

PYMNTS

For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand at all. Under his leadership, the plan for the brand was to pivot into higher-margin, bigger ticket products such as CBD oil and move Brandless onto store shelves.

Branding 150
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American Eagle Leads $3.45M Investment In Dormify

PYMNTS

. “Expanding into additional lifestyle categories has been in direct response to strong customer demand, and our American Eagle and Dormify collaboration was an exciting addition to our online apartment shop,” said Chad Kessler, American Eagle global brand president.

New York 135