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Holiday 2020: Consumers Will Spend Less Overall, Spend More Time Online

PYMNTS

It’s just a week into the earlier-than-usual 2020 holiday selling season and already three facts are clarifying the retail picture: consumers are going to spend less overall, they are going to spend more time online and they don’t want to touch anything in the process. percent of millennial consumers say the same.

Online 159
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Online Mattress Company Casper Tries Out Brick And Mortar

PYMNTS

Lie before you buy: Casper, the online bed-in-a-box startup selling mattresses by mail order, will soon allow customers to try those beds before having one shipped to their home. These shops will be open in cities such as New York, Los Angeles and Chicago through spring 2018. That’s on top of the company’s 100-day money-back trial.

Online 100
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Oars + Alps Gets $1.3-Million Funding Boost

PYMNTS

Chicago-based men’s grooming line Oars + Alps is hoping to change that with its $1.3-million Our goal is to create a year-round skincare line for millennials guys. We aim to own exceptional men’s skincare online, without the typical retailer’s markup and toxins. million round of seed funding.

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How fraudsters target different generations

Independent Banker

Fraudsters typically target millennials via text messages that promise rewards, shipment tracking and other automated messages that make them vulnerable to phishing attacks.”. Brandon Koeser, financial services senior analyst with RSM US LLP headquartered in Chicago, gives an example of how scammers can target people based on their ages.

Fraud 133
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Kohl’s Redoubles Omnichannel Efforts Amid Rise In Digital Sales

PYMNTS

Kohl’s Corporation CEO Michelle Gass said in a fourth-quarter earnings conference call with analysts that investments in technologies such as its mobile app, and buy online, pick up in store (BOPUS), among other initiatives, are “resonating” with the company’s shoppers while bolstering traffic and sales. Rewards and Millennials.

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Standard International Launches Recommendations App

PYMNTS

In addition to helping customers save money, the app also aims to take on online booking sites such as Expedia and Orbitz , which Lalvani blames for slashing hoteliers’ profitability and triggering industry consolidation. “No Online travel agents’ margins are significant, and this is a way to play in that space.”.

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As Gap Joins thredUP, Resale Continues Its Momentum

PYMNTS

The other two options are in store pop-ups and online collaborations. Gen Z owns the most resale items, while millennial closets mix traditional mall and emerging brands. The RealReal has taken its consignment model to the posh Magnificent Mile in Chicago.

Chicago 131