PYMNTS

JUNE 14, 2018

Millennials are a force to be reckoned with, as they are made up of approximately 90 million individuals with significant spending power: By 2030, their aggregate annual income is projected to be more than $4 trillion. Attracting Millennials. Approximately 75 percent of Gravy’s users are millennials. Second Chances.

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Millennials Branding Mobile Apple 118

PYMNTS

NOVEMBER 17, 2017

Among millennials, that number drops below 30 percent. Millennials don’t have credit cards because they don’t have FICO scores, or at least not the kind of FICO scores that inspire issuers. “If Paradis thinks that’s bad for millennials — many don’t agree — and the merchants who want their business. The Sezzle Experience.

Millennials 104

Millennials Cards Lending Payments 104

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

APRIL 13, 2018

It was a record-breaking first quarter for retailers in the U.S. According to a report issued by Moody’s earlier this week, the retail sector managed to notch a record number of defaults during Q1 2013, with nine retailers defaulting on their debt. As a result of the series of retail fails, the default rate of high-risk U.S.

Retail 116

Retail Course Washington Marketing 116

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That’s not to say physical retail is dying.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

FEBRUARY 9, 2018

As a result, malls and retailers have to rethink how malls are set up and designed. square feet of retail space for every person. With room for new establishments, malls operators are redesigning their spaces to make room for consumer experience spaces like restaurants and gyms. But it’s not just big retailers leaving U.S.

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Millennials Retail Study Operations 116

PYMNTS

JANUARY 25, 2021

These plans fund retail purchases that consumers can then pay off over time in typically four installments. Buy now, pay later options have developed differently across nations, with trends in C hina seeing retailers often providing their own installment payment plans rather than offering third-party plans at checkout.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

OCTOBER 1, 2019

However, that’s only part of what’s really going on when it comes to this particular card payments mark for convenience stores and gas pumps, according to a new PYMNTS interview with Chris Triconi, director of petro, convenience stores, and fuel retail at payment technology firm LISNR. That’s one part of the EMV story for U.S.

Innovation 167

Innovation Customer Experience Retail Operations 167

PYMNTS

SEPTEMBER 3, 2020

Of course, large retailers, too, are continuing to invest in accelerating their investments in their digital experiences. Many of these smaller firms, he said, did not have individual, digitized payment experiences woven into their overall operating infrastructures before the pandemic hit.

Payments 262

Payments Security Millennials Retail 262

PYMNTS

DECEMBER 20, 2019

In the 1930s, in the era of the Great Depression, when consumers had little extra cash, retailers nationwide came up with an innovation to make it easier for people to shop without having to pony up cash right away. Wanting to be able to go and buy what you want, when you want or need it, isn’t just a millennial trait,” he pointed out.

Millennials 137

Millennials Retail Tools Branding 137

PYMNTS

APRIL 12, 2019

faces a physical shortage today that some are predicting will turn into a crisis over the course of the next decade. A falling number of generalists is, of course, a problem for patients. Among millennials, 45 percent report having no primary care doctor. These trends are more evident among millennials, but not unique to them.

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Houston Study Millennials Course 118

PYMNTS

SEPTEMBER 4, 2019

Millennials, the conventional wisdom goes, are far more into experiences than they are into buying things. But, he noted, in the case of millennials some of that fear is not just the same old alarm. This long-term worry is far more significant and can be summarized in one sentence: Millennials don’t want to buy stuff,” Becker said.

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Las Vegas Millennials Meeting Maine 101

PYMNTS

DECEMBER 28, 2018

When it comes to retail, recollections seem likely to linger upon the ongoing (and significant) growth in eCommerce, the developing relationship between online and physical stores, a big boost in apparel sales, and the role of mobile in the journey from browsing to purchase. According to Mastercard , overall retail spending increased 5.1

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Retail Trends Course Online 156

PYMNTS

FEBRUARY 27, 2019

27), Anthony Barzilay Freund, editorial director and director of fine art at the retailer of antique and modern furniture, jewelry, fashion and art, talked about the role content — even long-form articles — can play in eCommerce in 2019. But catalogs can work, as 1stdibs and other retailers have learned. Speaking to Audiences.

Retail 214

Retail Online America Millennials 214

PYMNTS

DECEMBER 22, 2018

million of them sold last year, and an average price of $107 (artificial trees, of course, can last more than one holiday season; indeed, some are promoted as being able to give 30 years or more of use). That is helpful especially for “millennial and Generation Xers,” he said. Christmas Tree Landscape. consumers bought some 27.4

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Industry Millennials National Online 134

PYMNTS

SEPTEMBER 6, 2019

There are worse ways to start a business than what happened when John Tabis was getting direct-to-consumer and subscription flower operation The Bouqs off the ground. The company is also playing in one of the hottest areas of retail, and a space unique for the flower business — subscription commerce.

Millennials 108

Millennials Course Industry Operations 108

PYMNTS

AUGUST 31, 2018

That arguably describes the recent acquisition of Seattle-based Blueprint Registry , an online universal gift registry, by David’s Bridal , the privately held wedding retail chain that traces its roots back to the first years after World War II. The retailer has a $520 million term loan due in Oct. When in doubt, bet on digital.

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Online Retail Seattle Industry 100

PYMNTS

JUNE 5, 2018

However, for SSENSE (pronounced essence), at its first retail location, the Canadian eCommerce brand turned physical retailer has opted for a slightly different flavor. The question, of course, is not just if other brands will do it, but if they will do it well.

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Branding Millennials Retail Online 116

PYMNTS

MARCH 15, 2018

Incidentally, none of these methods are any better or worse than the others if the goal is to pick a perfect bracket that correctly predicts the course of the entire tournament. The average American is far more likely to win an Academy Award, be elected President or find several four-leaf clovers over the course of their lifetime.

Payments 108

Payments Millennials US Fraud 108

PYMNTS

AUGUST 1, 2019

However as is often the case with old things made new by retail needs, the microhotel deserves a second glance. I really think the genesis of that is coming from millennials. And millennials are a very interesting group to watch. In many locations outside the U.S. And candidly, they’re right,” Jim Abdo told The Washington Post.

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Washington New York Millennials United States 109

PYMNTS

NOVEMBER 12, 2018

In the connected age, consumers have more ways to interact with retailers than ever before. The executive also said the retailer saw an “1,000 percent increase” in purchases of pizza slices made through the SmartPay service since January 1. One of the retailers to tap into this technology? stars and 30 customer reviews.

Innovation 186

Innovation Samsung Apple Mobile 186

PYMNTS

FEBRUARY 11, 2019

The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. In a world where, as the Census says, 90 percent of retail sales still happen in the physical store, cards rule. The Big Shift.

Online 197

Online Retail Mobile Branding 197

PYMNTS

JUNE 22, 2018

Charles Jarrett, vice president and CIO of Cumberland Farms (a convenience store chain with some 600 locations in eight states), recently discussed the future of that type of retail with Karen Webster, and gave an update on how the company’s redesigned SmartPay mobile app is helping lead that transformation for the regional chain.

Payments 102

Payments Retail Millennials Branding 102

PYMNTS

FEBRUARY 21, 2020

percent of those medium-sized operators offer that option, compared to 4 percent of small operations and 3.4 percent of large operations. Of course, third-party delivery services like Seamless and DoorDash are an option. When it comes to QSR delivery – still a small segment of that world – 7.5

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Customer Experience Operations Millennials Online 146

PYMNTS

JULY 23, 2018

It will offer lunchboxes that can accommodate multi-course meals, as well as mattresses with coconut fibers. And IKEA is making other moves in international markets: To reach more consumers and foster more eco-friendly operations, for example, the brand is testing out renting its furniture offerings in Japan, Curbed reported in January.

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San Francisco New York City Millennials New York 100

PYMNTS

AUGUST 14, 2018

Amazon and its ever-expanding marketplace of goods presents a problem that looms large in retail: try to beat ’em or try to join them. For some retailers and brands, the risks outweigh the rewards: Sears, Best Buy, Nike and Chico’s are all big names that have added their shops to the Amazon digital marketplace.

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Retail Branding Course US 100

PYMNTS

FEBRUARY 18, 2019

The most effective contrarians, of course, are those whose countervailing opinions are rooted in an intellectually honest framework or set of hypotheses that offer credible support for looking at things through a different lens. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials.

Cards 169

Cards Course Study New York 169

PYMNTS

MAY 2, 2018

Millennials love to share. They are proportionally comfortable using gig economy services that provide these things, with about a third of millennials working some sort of gig position themselves. The two-sided marketplace operates in 200 locations across the U.S. Babierge CEO Fran Maier calls it “Airbnb for baby gear.”.

Millennials 144

Millennials Training Miami Leadership 144

PYMNTS

OCTOBER 8, 2020

The interface needs no trigger word and operates without personally identifying the user’s voice or face. The solution is adaptable to all web-based apps used at kiosks and plans in the future to accommodate iOS and Android operating systems. “We The pandemic has of course accelerated concerns over touchscreens.

Google 161

Google Branding Millennials Technology 161

PYMNTS

FEBRUARY 16, 2018

While much of physical retail struggled in 2017 from rapidly realigning consumer shopping habits, the team at Home Depot had an incredibly solid year, with same-store sales growing each quarter and a stock price that surged 42 percent. Despite retail’s slump, the stock market did well in 2017.

Retail 101

Retail Training Atlanta Marketing 101

PYMNTS

SEPTEMBER 4, 2019

In an interview with PYMNTS, Richard Noguera , chief information security officer at Yapstone , discussed the findings of the playbook titled “ Meeting the Millennial Need For AI-Powered Visual Shopping.”. In most retail verticals, Noguera said, the approach can be somewhat scientific, based clearly on past purchasing behavior.

Millennials 110

Millennials Data social media Analytics 110

PYMNTS

MAY 14, 2018

Consumers – particularly millennials – are driving less and buying fewer cars; the age of the internal combustion engine is coming to an end in favor of electric vehicles; and, of course, vehicles as we know them are soon to be replaced by self-driving software platforms that we will call “cars” mostly out of nostalgia.

Millennials 101

Millennials Operations Mobile Cards 101

PYMNTS

FEBRUARY 6, 2018

As a result, the once-pioneering grocer entered the second tier of retailers. Years later, of course, the defunct retailer filed for bankruptcy for the second time in five years in 2015 — before disappearing from the American retail landscape. Costco makes up for its low margins on its goods by charging membership fees.

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New Jersey Las Vegas Retail Dallas 100

PYMNTS

DECEMBER 31, 2020

When you look at the spending graphs for millennials at that time, debit was growing at twice the speed of credit, but the average order value was much lower, which correlates with the lower disposable income in the demographic at the time,” Molnar noted. billion in sales for the month of November alone.

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Innovation Payments Trends Regulation 289

PYMNTS

FEBRUARY 27, 2018

In all, it operates in 400 cities in North America and reveals all the choices a consumer has for a ride — giving exposure to smaller rideshares, as well as Uber and Lyft. And, of course, they may or may not have surge pricing. The entire millennial generation is really contemplating modern travel in the urban area,” Olinger said. “The

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Tampa Millennials San Diego Illinois 103

PYMNTS

JULY 30, 2018

With millennials working multiple gigs, very few have enough time left to make a proper meal — if they aren’t eating out at a local restaurant. Blue Apron opened up an experiential pop-up retail location in New York City, which featured cooking classes and celebrity chefs. The pop-up opened after Memorial Day and closed in late June.

Industry 100

Industry Los Angeles Atlanta New York City 100

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. percent of all retail sales. consumers — 47.2 Share of U.S.

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Apple Study Innovation Survey 227