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Why Brick-And-Mortar Needs Unattended Retail

PYMNTS

As recently as a few years ago, it was often difficult to get retailers to think seriously about unattended retail as an expansion or extension of their business. But a few years can make a big difference, USA Technologies ’ President and CEO Don Layden Jr. The Wider-Than-Expected Applications Of Unattended Retail .

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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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USAT: Bridging The ‘Consumer Gap’ In Unattended Retail

PYMNTS

In this case, it’s the gap between interest and intent, the chasm that lies between consumer awareness of unattended retail and actually taking the plunge in buying at the kiosk and vending machine. At a high level, according to PYMNTS data , unattended retail is reaching only one-tenth of its potential. Hurdles For Larger Merchants.

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Chinese Millennials May Save Luxury Brands

PYMNTS

Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. 2017 saw a global recovery of the luxury retail market due to their affinity for high-end brands.

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Retail Innovation Depends On Older Consumers, Too

PYMNTS

Youngsters tend to get all the credit when it comes to being a force that drives retail innovation, and that’s fair enough. New PYMNTS research about mobile commerce and how mobile technology informs the in-store purchasing experience provides fresh evidence for that view. But older consumers shouldn’t be counted out, either.

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Filling in the ‘Hole’ Innovation Is Leaving, Horizn Onboards Everyone, Not Just You-Know-Who

Bank Innovation

She hasn’t sought venture capital funding; she doesn’t do beta and she isn’t pitching to millennials, the demographic du décennie. Janice Diner is not your typical startup founder. On going forward without backers, the CEO of Horizn says: “We never do anything for free. We get paid for what we do.”

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Afterpay On Surviving And Thriving After Its Early IPO

PYMNTS

large luminary technology firms tend to take their time getting to their initial public offerings (IPOs). Afterpay went for its IPO about nine months after its first-ever capital raise. We went public when we had about 100 retailers signed on and 30,000 customers, so really early in the process. In the U.S.,