PYMNTS

DECEMBER 15, 2020

Debatably the most impactful payments innovation of recent years — and that’s saying something — BNPL is having a massive impact on retail, as evidenced by the proliferation of brands and the steady flow of venture capital to players that are defining the space. Based on two surveys of nearly 15,000 U.S. Like their love of BNPL.

Millennials 256

Millennials Report United States Study 256

PYMNTS

MARCH 13, 2020

Recent data shows that while millennial and Generation Z consumer groups certainly consider themselves to be digital shoppers — nearly 86 percent of millennials consider that to be the case, according to one recent report — large percentages of them still head to physical stores on a regular basis to shop.

Strategy 179

Strategy Millennials Retail Mobile 179

PYMNTS

JANUARY 14, 2021

Our findings also indicate FIs that offer innovative options such as interactive and contextually relevant video content stand to improve engagement and customer experiences, especially among younger generations like bridge millennials and millennials. One-third are very interested in using it for learning purposes, as well.

Video 224

Video social media Millennials Data 224

PYMNTS

JANUARY 19, 2021

Researchers found that FIs offering “innovative options such as interactive and contextually relevant video content stand to improve engagement and customer experience, especially among younger generations like bridge millennials and millennials.”. Often as not the answer is “no.”

Study 196

Study social media Millennials Retail 196

PYMNTS

JANUARY 12, 2021

Consumers are becoming more familiar with digital technologies and are expecting swifter disbursement methods in other areas of their lives, such as for P2P or retail-related payments. Payors surveyed stated that they made only 45 percent of all their disbursements via non-instant payment methods, in fact.

Millennials 239

Millennials Payments Lending Study 239

PYMNTS

NOVEMBER 11, 2016

According to the BDO Retail Compass Survey of CMOs, nearly 60 percent of marketers plan to leverage mobile in their marketing strategies this holiday season. Although less than 10 percent of marketers say they plan to focus on generic mobile coupons, retailers will be offering bargain hunters other ways to get a deal.

Mobile 188

Mobile Marketing Survey Marketing Strategies 188

PYMNTS

MAY 19, 2020

That trend was particularly pronounced among older “bridge millennials,” who on average owned six separate connected devices, not counting their phones. According to PYMNTS’ latest consumer data on the subject, 47 percent of millennials have shifted their routines online, while 45.1 percent of bridge millennials have done so.

Technology 205

Technology Millennials Retail Report 205

PYMNTS

DECEMBER 31, 2019

Might the coming year be marked by innovation at the point of sale (POS)? The PYMNTS 2019 end-of-year survey of 30 executives asked for payment-related predictions that could (theoretically) be placed in a time capsule to be unearthed 12 months hence. Here Come The Millennials. The end of one decade, the beginning of another.

eBook 170

eBook Millennials Cards Survey 170

PYMNTS

AUGUST 11, 2017

Specifically, 59 percent of consumers surveyed said their spending on high-end items has increased over the past five years. Within these emerging markets, we’ve seen retailers make large bets on luxury. Half of those surveyed by Deloitte said most of their luxury purchases are spent while out and about, rather than at local shops.

Millennials 122

Millennials Survey Retail social media 122

PYMNTS

DECEMBER 13, 2019

What this demographic wants out of peer-to-peer (P2P) marketplaces is changing, however, as more millennials become fully active members of the working world. Millennials are still spending money on trips and vacations, but how and where they do so is shifting. Millennials And Their Changing Travel And Payment Opinions.

Millennials 141

Millennials Payments Groups Mobile 141

PYMNTS

OCTOBER 1, 2019

As discussed in the latest “ How We Will Pay 2019 ” survey, done in collaboration between PYMNTS and Visa, the age of the connected consumer has dawned. In paying for their retail purchases online and in store, in terms of the overall respondent pool, 9.6 percent of the bridge millennials and 42.2 percentage points to 31.3

Millennials 140

Millennials Payments Study Groups 140

PYMNTS

JANUARY 1, 2021

For the purposes of this exercise, we’re going to describe the “typical” grocery shopper – a bridge millennial, a 36-year-old mom of 1.93 Busy trying to work at home and tend to the kids, she will have her order delivered, as do 26 percent of retail shoppers who favor curbside pickup or delivery. How She Thinks About Vaccines.

Study 362

Study Survey Exercises Cards 362

PYMNTS

JANUARY 14, 2021

Walmart noted the introduction of smart boxes opens up the possibility of deliveries any day, any time, and although the retailer is not looking up to follow up on that with 24/7 service, Ward did say it has “a nice ring to it.”. Tesco, the biggest grocery retailer in the U.K., Tesco’s Big End To 2020. percent year-over-year.

Meeting 165

Meeting Arkansas Retail Millennials 165

PYMNTS

NOVEMBER 2, 2020

Today, the “membership has its privileges” mantra is at the core of the latest face-off between the two retail behemoths vying for an increasing portion of consumer spend: Walmart and Amazon. consumer seems happy to test the waters — and none more so than the coveted bridge millennials. But these results also suggest that the U.S.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

SEPTEMBER 29, 2020

In the B2B Payments Innovation Readiness Report, PYMNTS, in collaboration with American Express, analyzed survey responses from 460 businesses across five sectors to examine the impact of automating AR functions on days sales outstanding and cash flow. Why Millennials And Gen Z Could Save 2020's Holiday Shopping Season.

Payments 148

Payments Apple Survey Seattle 148

PYMNTS

JANUARY 22, 2020

But direct-to-consumer (DTC) retail is undergoing some significant changes, which could help strengthen DTC activities for years to come. Personalization is among the trends gaining fuel in the DTC world, reflecting larger changes in the retail world. All of that helps prepare the ground for innovation. “In

Los Angeles 131

Los Angeles Analytics Retail Survey 131

PYMNTS

DECEMBER 24, 2020

Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. Millennials lead in the early adoption of BNPL, especially older “ bridge millennials ,” or those aged 32 to 41 who tend to have more purchasing power than their younger counterparts.

Payments 260

Payments Millennials Survey Trends 260

PYMNTS

DECEMBER 7, 2018

Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. cities, and IKEA is no exception: It is intending to bring a “Planning Studio” to Manhattan this coming spring. restaurants.

Retail 122

Retail San Francisco Arizona Los Angeles 122

PYMNTS

JULY 7, 2017

Generation Z are the next up-and-coming group of shoppers who retailers are turning to for the future of retail. Yes, those born between 1994 and 2002 are starting to push millennials over in terms of shaping commerce and eCommerce trends. Get ready, retailers.

social media 120

social media Millennials Retail Study 120

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. Almost half, 45 percent, have shifted digital to shop for retail products, and one in five to shop for groceries and order food from restaurants.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

NOVEMBER 6, 2020

Millennials Drive More to Faster Payments . Millennials and Gen Z are among the groups that are most likely to have received instant payments. NEW DATA: Five Payments Innovations for Winning the Digital-First Shopper. Walmart Reboots Retail With Its Rethink on Robotics . Trackers and Reports.

Online 148

Online Payments Millennials Apple 148

PYMNTS

NOVEMBER 21, 2018

A new survey of small business owners suggests that small businesses are struggling to find the right targets for their technology investments. The Internet of Things is another area of technological innovation in which small firms are skeptical of its value. Research from Capterra published on Tuesday (Nov. ”

Study 129

Study Survey Leadership Millennials 129

PYMNTS

MAY 11, 2020

That fact is increasingly underlined in a variety of data streams: recent PYMNTS consumer surveys, the earnings reports of the card networks, early information on how stimulus funds are being spent – they all tell the same story of consumers tightening their belts and shifting away from discretionary spending and toward necessities.

Millennials 228

Millennials Retail Groups Survey 228

NCR

FEBRUARY 16, 2016

And there’s no better way to target Millennial entrepreneurs than with the technology they crave to help them in their business pursuits. More than any other generation, Millennials experience life, work and business through technology and they expect seamless interactions regardless of location.

Millennials 40

Millennials Study Retail Community Bank 40

PYMNTS

OCTOBER 20, 2020

A recent PYMNTS study found that more than two-thirds of consumers see rescuing Main Street physical retail linked to the economic vitality of their local communities. The new report How We Will Pay 2020: Home As The Consumer’s Commerce Command Center report, a PYMNTS and Visa collaboration, surveyed nearly 10,000 U.S.

Maine 221

Maine Retail Branding Study 221

PYMNTS

DECEMBER 30, 2020

consumers surveyed (37 percent) are interested in direct-to-consumer sales. College-educated shoppers also outpace those with only high-school degrees or less, while bridge millennials, millennials and Generation Zers expressed greater interest than Gen-X and Baby Boomers did. For example, 43.9

Branding 257

Branding Millennials Retail social media 257

PYMNTS

NOVEMBER 28, 2017

It seems individuals will always find a way to get the most out of things, be it expecting innovative technology that will solve their problems or understanding the long-term value involved in a hefty purchase price. percent | Percentage of millennials who are opening new auto loans over a 12-month period, higher than Gen Xers at 12.09

Data 130

Data Millennials Software Survey 130

PYMNTS

SEPTEMBER 16, 2019

And so a sheepherding innovation – and new vocabulary word – was born. Retailers scour social media to find influencers and designer bellwethers to turn trends into sales. In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

NOVEMBER 5, 2019

Wainwright said the company’s value proposition represents “strongly with the millennial and Gen Z consumers” who are powering the growth of luxury sales globally. The company’s survey data indicates that approximately 32 percent of buyers shop The RealReal as a replacement for fast fashion. Retail Partnerships.

Millennials 101

Millennials Retail Exercises Branding 101

PYMNTS

DECEMBER 4, 2018

As depicted over the summer in our Innovation Readiness Playbook , FIs are focusing efforts across digital wallets, P2P payments and, of course, loyalty programs. A bit more than a third of those surveyed plan to also focus on loyalty in that timeframe. The Millennials Cometh. We are talking here, of course, about millennials.

Payments 191

Payments Millennials Cards Course 191

PYMNTS

DECEMBER 27, 2018

. “For now, banks have a monopoly on the data they need to deliver meaningful customer experiences, and they have built customer trust — in our recent Corporate and Small Business customer global survey on Open Banking, 68 percent of those surveyed would prefer their bank to provide them with an Open Banking ecosystem.

Customer Experience 191

Customer Experience Survey Trends Data 191

PYMNTS

OCTOBER 9, 2018

Omnichannel features are becoming more crucial as tech-savvy millennials gain more spending power and influence, according to the PYMNTS Enterprise Retail Grocery Report. According to Gallup’s “Consumption Habits” survey last year, only 9 percent of adults in the U.S. purchased groceries online at least once a month.

Seattle 139

Seattle New York Milwaukee Online 139

PYMNTS

FEBRUARY 6, 2020

The retail angle (outside of Nike’s own stores) is that the company is betting consumers will be attracted to environmentally friendly products, regardless of whether they have a “swoosh” or not. “The 6), marking his first television interview since taking the helm at the retailer last month. “It Of those, 12.4

Millennials 152

Millennials Miami Retail Examples 152

PYMNTS

MARCH 10, 2017

What if we were to tell you that retail shopping isn’t dead? But 9 out of 10 1,100 IT decision-makers surveyed also say that there are not enough skilled IT workers to help hold down and secure the corporate forts. Bricks and Mortar , Alive? That there may be a spark of life in the bricks and mortar model? Fizzle of the Week: Bitcoin.

Bitcoin 122

Bitcoin Retail Security Maine 122

PYMNTS

JUNE 25, 2019

P2P and Millennials. Surveys and other types of reports are taking note of this apparent trend. For instance, according to one report from LendEDU , a student loan refinancing company, about 33 percent of millennials had paid for drugs via Venmo — and that was in late 2017.

Payments 115

Payments Marketing Millennials Trends 115

PYMNTS

NOVEMBER 15, 2016

Of those surveyed, only 32 percent of customers in North America reported ordering food using a mobile device in the three months prior. This doesn’t mean that North American customers aren’t pining for mobile ordering options — especially the millennial market. In another restaurant technology survey of U.S. While the U.S.

Technology 100

Technology US San Francisco Survey 100

PYMNTS

NOVEMBER 21, 2017

They’re a result of the Competition and Markets Authority (CMA) inquiry, which found a serious lack of innovation in the nation’s banking sector — especially when it comes to small- and medium-sized business (SMB) services. A separate survey conducted by U.K. As the U.K.

Fintech 115

Fintech Millennials Meeting Innovation 115