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Physical Retail Looks For New Life This Holiday Season

PYMNTS

The obituary for brick-and-mortar retail has been written many times. But recent developments show there is still life — and perhaps even new life — in physical commerce. The results of a new survey found that most people — around 77 percent — plan on returning some of their gifts this holiday season, according to reports.

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Millionaires, Millennials And The Great Avocado Debate

PYMNTS

Are millennials eating too many avocados on toast for their own good? The crux of the debate is this: are first- time home sales down because, given the choice of a two car garage and a yard in the suburbs, millennials have, en masse, decided they’d rather enjoy a more richly-delicious brunch experience, week in and week out?

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Retail Pulse: Floravere Opens NYC Store; Target Debuts Everspring Brand

PYMNTS

Floravere , for instance, opened its first brick-and-mortar location in New York City’s Tribeca neighborhood — a space that it says “reimagines shopping for one of the world’s oldest traditions.”. Beyond Floravere, other wedding retailers have opened up brick-and-mortar stores in New York City and its greater metropolitan area.

Branding 123
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BJ’s On The Block, Amex’s Millennial Problem And Another Big Breach

PYMNTS

On the slightly more serious side of the payments news this week, BJ’s Wholesale Club looks like it’s going up for sale — and the rumor of the week is that Amazon is thinking about buying it. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. these days.

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Retail Pulse: DSW Expands In-Store Experiences; L Brands Plans Store Closures

PYMNTS

Brick-and-mortar fashion retailers are developing in-store experiences to encourage customer loyalty. markets, aiming to generate repeat visits as part of its experiential retail efforts. L Brands plans to close approximately 53 Victoria’s Secret locations this year as it curtails investments in new and renovated stores.

Branding 129
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Hospitality Venues Can Attract Millennials Through App-Based Perks

PYMNTS

Popular in New York City, free drink tickets are sometimes handed to people who may know the owner or manager of a high-end bar. Through the app, members of Hooch’s subscription service can have one drink a day at around 500 select bar locations from New York to Hong Kong.

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Can ‘Elective’ Fees Work For Retail Banks?

PYMNTS

Aspiration Bank is one of those innovators hoping to gain socially-conscious consumers via a pay-what-you-like fee structure — while also managing to please investors at the same time. What we’ve really done is create this category of socially conscious, sustainable retail banking that really didn’t exist before,” Cherny said.

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