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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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Boxed And Costco Have Their Roots In A 1970s New Jersey A&P Store

PYMNTS

In the 1970s, the venerable The Great Atlantic & Pacific Tea Company (A&P) was losing market share. To try to increase its market share, A&P came up with a novel way to sell groceries: It decided to sell its most popular items in their original wholesale bulk packaging — for a much cheaper price.

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Sing It With Me: What’s the Mask Mandate Got To Do With Wealth Management?

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California, New Jersey, Connecticut, Delaware, Oregon, Illinois, and Rhode Island have announced plans to lift their statewide mask mandates or school mask mandates, and more states have indicated they will revisit mask requirements in the near future. 59% of millennial investors were most likely to use video chat with their advisor.

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Amid Changing Lifestyles, Homebuying To Continue Torrid Pace?

PYMNTS

million homes on the market. In terms of turnaround, properties were on the market for only 21 days. That means that sales — from listing to closings — have accelerated, as time on the market was 22 days in August and 32 days in September 2019. This implies that first-time buyers are being priced out of the market.

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Amazon Tracker: Busy Week

PYMNTS

The market cap sat at just over $407.5 First up, Amazon continues to grow its presence in the Indian market. Over the past few years, Amazon has invested billions of dollars in establishing a presence in India’s fast-growing online retail market. At the time of writing, AMZN stock was worth $854.71, up 0.28

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How Cash Keeps Its Cool In The Economies Of The Americas

PYMNTS

Meanwhile, approximately 9 percent of Americans do not have access to a checking, savings or money market accounts, meaning they are more likely to rely on cash when making and accepting payments. citizens, Cross River Bank of Teaneck, New Jersey, recently launched a new service intended to make it easier for such customers to access cash.

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Grocery Round-Up: Digital-First Delivers For Kroger, Another Instacart Pair-Up And Hoarding Round 2

PYMNTS

As a result of our continued strong performance, market share growth and the expectation of sustained trends in food-at-home consumption for the remainder of our fiscal year, we are raising our full-year 2020 guidance,” said Kroger’s Chief Financial Officer Gary Millerchip. billion since March.”. "As