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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.

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‘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. With warehouses in New Jersey, Dallas, Las Vegas and Atlanta, Boxed offers bulk-sized products similar to those found at big warehouse retailers like Costco Wholesale.

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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. percent shopped online during Black Friday last year, which was double the 2018 number. percent of shoppers visited both a physical store and an online store last year. On the flip side, 20.4

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L’Oréal, Instagram Lead Late-Year Social Commerce Push

PYMNTS

It’s also a play to capture TikTok’s Gen Z and millennial audience. For example, Sephora is using Replika to provide its in-store personnel with a turnkey social selling “My Sephora Store” to encourage online sales and forge stronger customer relationships. Comscore data says the share of U.S.-based percent in January to 27.4

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For Visa, She’s Next Is What’s Next

PYMNTS

Visa said Monday evening at a New York gathering in anticipation of the launch that events through a year-long campaign will include interactive workshops, tailored on a community-by-community basis. Kereere said that to date there has been “not enough conversation” around the issues that are being explored through the new program.

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American Eagle Leads $3.45M Investment In Dormify

PYMNTS

Dormify will use the investment to scale talent, expand pop-up locations and enhance the online experience. ” Dormify will launch an even more personalized online shopping experience that allows their millennial and Gen Z customers to easily visualize and decorate their future spaces. .

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Target’s Rapid Reset

PYMNTS

Target’s demographic is migrating online — and toward Amazon. They are increasingly seeing the upper-end of their prime demographic, a group PYMNTS titled bridge millennials. In the last four weeks alone, Target has expanded grocery delivery to California, Montana, New York, Pennsylvania and Maine.