article thumbnail

Wall Street Investors Place Their Bets On Millennials

PYMNTS

When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. billion Long Pond Capital hedge fund, pitched U.S. Horton, which he believes should get a boost as more millennials become first-time homebuyers. homebuilder D.R. In fact, D.R.

article thumbnail

‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. The idea of a sale came as the New York startup was looking for funding. Both General Mills and Bed Bath & Beyond are considering investing in Boxed.com.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

PYMNTS

On the slightly more serious side of the payments news this week, BJ’s Wholesale Club looks like it’s going up for sale — and the rumor of the week is that Amazon is thinking about buying it. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. these days.

article thumbnail

Airbnb Competitor Domio Lands $100M; Aims To Double Market Share

PYMNTS

The company’s Series B round was led by GGV Capital. Eldridge Industries, Tribeca Venture Partners, 3L Capital, Softbank NY, Upper90 and Tenaya Capital also participated. Upper90 led the company’s debt round, which will be used for setting up and leasing new properties. The funding round closed in late summer.

Marketing 101
article thumbnail

Black Friday Heads Toward Shades Of Gray

PYMNTS

COVID-19 shows no signs of abating – in fact, fears of a second wave have already hit New York City, among other metro areas. And then there are the millennials. Millennials spent an average of $509 on Black Friday in 2019, with bridge millennials coming in at $479. consumers representing some $112.5

article thumbnail

Online Wholesaler Boxed Looks For Buyers

PYMNTS

online wholesale retailer sometimes called “Costco for millennials,” is seeking a buyer, Reuters reported. Boxed, based in New York, offers sales of fresh groceries, office supplies and more. Boxed, formed in 2013, has raised $240 million from investors, including American Express and GGV Capital. Boxed , the U.S.

Online 205
article thumbnail

Credit Card Startup Petal Raises $300M Led By Jefferies

PYMNTS

The New York-based FinTech company Petal has announced a $300 million debt round from global investment bank Jefferies, adding to existing venture capital investments from Peter Thiel’s Valar Ventures, Rosecliff Ventures and others, the company announced in a press release on Wednesday (Sept. ABS capital markets for Jefferies.

Cards 133