Millennial and Gen Z consumers prefer brands over banks, survey says
The Paypers
OCTOBER 18, 2023
A new survey by Vodeno and Aion Bank has revealed that Gen Z and millennial consumers prefer brands over banks for their banking needs.
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The Paypers
OCTOBER 18, 2023
A new survey by Vodeno and Aion Bank has revealed that Gen Z and millennial consumers prefer brands over banks for their banking needs.
PYMNTS
MAY 26, 2020
The data on millennials’ lifetime earnings potential were already fairly grim long before the word “coronavirus” became part of everyone’s daily conversations – and before the U.S. A 2016 paper led by Stanford University Economist Raj Chetty found that millennials were in deeper economic trouble than a quick look at the U.S.
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PYMNTS
FEBRUARY 4, 2019
National retailer Target is expanding the number of brands it carries in stores, inking a deal with Flamingo, the women’s body care product maker created by Harry’s, the shaving startup. It also marks the first time the Flamingo brand will be carried in a physical store. As of Monday (Feb.
The Financial Brand
OCTOBER 26, 2023
This article Stressed Millennials Could Use Some Advice on Managing Their Growing Debt appeared first on The Financial Brand. Millennials are taking on more debt and feeling more stressed, a survey shows. Banks have an opportunity to offer advice, but only if they approach it in the right way.
PYMNTS
SEPTEMBER 11, 2018
Millennial consumers are ready to be brand ambassadors — especially when engaging in mobile commerce with private-label debit programs. The interview with Bailey comes amid increasing focus on how millennials might change gas and convenience store payments. Millennials are ready to be engaged.
PYMNTS
DECEMBER 15, 2019
Mintel surveyed 1,700 shoppers online last year and discovered a fifth of consumers agreed that “experience gifts” were better than tangible products. The Mintel survey indicated the lion’s share of respondents who identified themselves as millennials or Generation Z preferred experiences over gifts.
PYMNTS
OCTOBER 31, 2017
That growth appears to be driven by millennials, with responses to a recent Citibank poll indicating survey participants between the ages of 18 and 36 expect to spend 2.5 Increased millennial spending comes despite the fact that the demographic is the one that most needs to save money, CitiBank noted in the article.
PYMNTS
DECEMBER 15, 2019
Mintel surveyed 1,700 shoppers online last year and discovered a fifth of consumers agreed that “experience gifts” were better than tangible products. The Mintel survey indicated the lion’s share of respondents who identified themselves as millennials or Generation Z preferred experiences over gifts.
PYMNTS
MARCH 28, 2016
A survey released by the company on Thursday (March 24) found that, at one-third of the businesses surveyed, millennials aged 20–35 are the sole decision-makers when it comes to sourcing and purchasing for their companies. The electronic aspect of procurement goes beyond the desktop, too.
PYMNTS
SEPTEMBER 14, 2016
.’s general comeback troubles are well-known, and it looks like it has an especially high mountain to climb when it comes to attracting the young and fashionable to its high-line brand Banana Republic. Really a lousy string of results — 48 percent of millennials polled said they disliked the chain, as opposed to 22 percent who liked it.
PYMNTS
DECEMBER 15, 2016
More and more, the beauty industry has become ruled by millennials , women between the ages of 18 and 34 being the main buyers, according to a survey by TABS Analytics. Millennials were found to be most likely to buy items in person from big-box retail stores.
PYMNTS
SEPTEMBER 8, 2016
Maybe millennials really are a self-centered bunch? Mercator Advisory Group surveyed 3,009 U.S. Of those surveyed, 63 percent bought these types of cards this year, compared to 61 percent in 2015 and 56 percent in 2014. The study found that these types of consumers are steadily growing.
PYMNTS
JUNE 26, 2017
It seems that most every industry these days is vying for millennial dollars and devotion. For an industry where millennials are projected to spend nearly $800 billion in 2017 (that’s 7 percent more on monthly food budgets than average Americans), restaurants are hankering to pull out all the stops to get millennials to order — in or out.
PYMNTS
DECEMBER 15, 2020
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. Based on two surveys of nearly 15,000 U.S. percent of bridge millennials.”
PYMNTS
SEPTEMBER 30, 2020
These retailers are accustomed to engaging with their customers in brick-and-mortar stores and building long-lasting relationships that lead to brand loyalty. This month’s Deep Dive examines how BNPL payment plans can help retailers expand their customer bases online and meet the needs of millennial and Gen Z consumers.
PYMNTS
NOVEMBER 1, 2016
This is also the case for the drinking habits of millennials vs. baby boomers. According to PYMNTS research, millennials of drinking age drank 42 percent of the wine that was drunk in 2015, with the average millennial downing just over three glasses in a sitting. Either way, millennials want their beverages to speak to them.
Perficient
FEBRUARY 9, 2021
This idea underscores the natural forces at work as brands battle to keep pace with customer expectations and stay relevant. Millennials — digital natives with arguably the greatest generational spending power — “have the lowest opinion of most industries’ digital services,” according to the same report.
PYMNTS
DECEMBER 9, 2020
Surveying a census-balanced panel of over 2,800 U.S. In comparison, nearly a third of millennials and bridge millennials (those born between 1979 and 1988) express the same level of interest in getting vaccinated.”. percent of consumers are definitely interested in getting vaccinated.
PYMNTS
JULY 13, 2016
Move over millennials , there’s a new kid in town that is about to become nearer and dearer to retailers’ hearts: Gen Z. About three-quarters of Gen Zers also like to shop in stores that provide an “engaging in-store experience,” so think brands like Forever 21 or Urban Outfitters.
PYMNTS
NOVEMBER 11, 2020
Collaborating with Afterpay gives our customers the power of choice when shopping across our family of brands,” John Strain , chief digital and technology officer at Gap, said in a statement on Wednesday (Nov. Participating Gap brands include Old Navy, Gap, Banana Republic, and Athleta. . “By We are proud to partner with Gap Inc.
PYMNTS
APRIL 6, 2016
Though it was their grandparents that gave rise to modern American consumer culture, millennials often get dinged for being too obsessed with having the latest and greatest gadgets. The most pressing case for the youth of America’s lack of interest in paper napkins comes from a Mintel survey on household paper product usage for Feb.
PYMNTS
MARCH 2, 2016
Baby Boomers practically grew up on the stuff — and the games on the side of the boxes — but, true to form, their millennial counterparts have different plans. At least, that’s the case for the 40 percent of millennials who said eating a bowl of cereal is just too much work that early in the morning. So said Mintel’s U.S.
PYMNTS
AUGUST 28, 2019
Forget millennials – well, at least for a moment. To reach consumers on the hunt for offerings that are “clean and natural,” the retail chain rolled out its Everspring household brand. The items are sold in small quantities to catch the interest of Generation Z and millennial consumers who aren’t interested in buying in bulk.
PYMNTS
NOVEMBER 19, 2020
The expansion will now cover retail brands including H&M , O.N.S. In addition, 30 percent of shoppers, including 39 percent of Generation Z and millennials surveyed, would find a BNPL installment pay option a boost this year, according to the report.
PYMNTS
MAY 7, 2018
When Hooch was testing its initial pricing, the company conducted a survey. As a result, Hooch rolled out a more exclusive service, dubbed Hooch Black, which offers members premium discounted experiences on dining and luxury hotels — and access to exclusive events — for a little under the price point customers had indicated on the survey.
PYMNTS
JULY 18, 2016
This newfound cost consciousness is reshaping the retail industry in everything from spurring the rise of fast fashion at the expense of mall “anchor stores,” to the increasing popularity of off-brands or store brands in the supermarket, to the shift in the apparel business, to off-price retail outlets over full-priced department stores.
PYMNTS
DECEMBER 7, 2020
The collaboration between Google Pay and the Pine Labs company Qwikcilver gives users an expanded choice of digital gift card options, offering some 150 brands in 1,500 physical and online locations. . More than 35 percent of millennials said they planned to buy a gift card; over 34 percent of Gen-Xers said the same. .
PYMNTS
SEPTEMBER 9, 2020
“Twenty percent of all consumers rely on visual and social cues to determine which brands to trust when shopping online, looking for sites that are not only visually appealing and easy to use but also ones that offer familiar payment options such as digital wallets,” the report says. eCommerce First Impressions Matter. .
PYMNTS
AUGUST 11, 2017
Specifically, 59 percent of consumers surveyed said their spending on high-end items has increased over the past five years. This is evident with China’s JD.com snapping up luxury brand marketplace Farfetch for a cool $397 million this summer. According to research from Deloitte , there has been an uptick in luxury good purchases.
PYMNTS
NOVEMBER 11, 2016
According to the BDO Retail Compass Survey of CMOs, nearly 60 percent of marketers plan to leverage mobile in their marketing strategies this holiday season. Mobile coupons are still popular, especially among millennials. For millennials, that number is 90 percent. For millennials, that number is 90 percent.
PYMNTS
MARCH 13, 2020
Recent data shows that while millennial and Generation Z consumer groups certainly consider themselves to be digital shoppers — nearly 86 percent of millennials consider that to be the case, according to one recent report — large percentages of them still head to physical stores on a regular basis to shop. About the Playbook.
PYMNTS
DECEMBER 26, 2018
The firm chose a Kenyan brand, Huddah Cosmetics , as the first social commerce merchant on its Mula service to roll out the platform. According to Cellulant, Huddah Cosmetics was an interesting brand to launch for the platform. In addition, the company said that her brand is well-known and capable of generating buzz.
PYMNTS
APRIL 23, 2019
This might be a ploy to retain T-Mobile customers, but it’s also intended to appeal to consumers without any real affinity for a more traditional financial services provider, including the highly coveted millennial, as well as the unbanked and underbanked. survey by PYMNTS found an openness among U.S. In fact, 72.4 Overall, 57.5
PYMNTS
DECEMBER 30, 2020
This year will not only go down in history as “the year of the pandemic,” but for consumer packaged goods brands, it will also be known as “the year of direct to consumer.”. consumers surveyed (37 percent) are interested in direct-to-consumer sales. 1 reason cited involves loyalty to well-known brands. For example, 43.9
NCR
JUNE 29, 2016
Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. Source: The Millennial Disruption Index.
PYMNTS
DECEMBER 11, 2020
In the Global Digital Shopping Index: Australia Report, PYMNTS surveyed nearly 2,000 consumers and 600 merchants to understand how the pandemic has changed consumer shopping behaviors — and where merchants are investing to respond. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit.
PYMNTS
JUNE 5, 2019
“We’re talking about tens of thousands of merchants who are really excited about the opportunity that Alipay provides them to tap into those wealthy and middle-class consumers, who are traveling to see the world and want to buy great brands from Europe,” said Roland Palmer, head of Europe for Alipay, according to CNBC.
PYMNTS
OCTOBER 22, 2020
The release goes on to say that the VoiceHub platform can create models either custom-branded or based on the most popular voice assistant platforms, which can make it flexible for everything from ultra-low-power, limited-resource wearables to more high-power functions.
PYMNTS
DECEMBER 2, 2020
InMarket’s survey showed unique purchases of gift cards rose 363 percent this fall versus a year ago, which it said reflects the growing popularity of gift cards as well as the unusually early start to the holiday shopping season this year. Bridge millennials and Gen Xers led the way, with a 35.7
NCR
MAY 20, 2016
Articles via PaymentsSource, The Financial Brand, CB Insights. Not All Millennials are Created Equal: A new survey by Oracle reveals how financial organizations can better serve the [link] millennial segment. Millions of Americans regret not saving for retirement earlier. What have you been reading?
PYMNTS
NOVEMBER 17, 2020
And while McMillon didn’t cite hard figures, PYMNTS has released some in recent weeks based on independent consumer surveys. Moreover, demographics seem to make something of a difference in subscription enthusiasm, particularly among the highly coveted “bridge millennial” demographic. There are currently 47 million such U.S.
PYMNTS
FEBRUARY 13, 2020
For corporate travel, it has been encouraging partners to focus their offerings on millennials. A recent report from the company showed that millennials are the current lucrative travel targets, but that Generation Z will dictate the future of the industry. Millennials will book directly at a rate of 63 percent.
PYMNTS
OCTOBER 25, 2016
And, said half of those surveyed, smart devices are the conduits for reading those emails. In a statement that accompanied the release, Jared Blank, Bluecore’s senior vice president of data analysis and insights, said: “Email is not only alive and well, but it’s the preferred mode of communications between brands and their consumers.”
Banking 2020
AUGUST 7, 2015
Articles via BankThink, American Banker, The Financial Brand. Stopping hackers is job one for bank CIOS: A recent survey of bank chief information officers and technology executives found that they’re realigning their focus to hone in on security issues. What have you been reading?
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