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The Millennial-Driven Evolution Of Jet.com

PYMNTS

To get more millennials on board, the Bentonville, Arkansas-based retailer is rolling out offerings designed to attract younger, well-to-do consumes in urban areas. Its city of focus as it battles with Amazon for the coveted upscale, younger, city-dwelling consumer? cutoff for same-day deliveries.

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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom joins other department stores in the resell market. More data on the market comes from sneaker and streetwear reseller StockX. We like the handle.

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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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Can ‘Elective’ Fees Work For Retail Banks?

PYMNTS

In a new PYMNTS interview, Andrei Cherny, CEO at Aspiration Bank, shares with Karen Webster his experience in building this new retail banking concept over the last four years. What we’ve really done is create this category of socially conscious, sustainable retail banking that really didn’t exist before,” Cherny said. “We

Retail 116
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Malls, Retailers, Hotels Benefit From Workforce Changes

PYMNTS

What about retail stores, restaurants and hotels? Technology is making it easier for the workforce to put in the daily eight (or 10, or 12) hours from their own homes, but another change is taking place: Using commercial space left behind by retailers, or in eateries or hotels, as communal areas of work. WeWork Efforts.

Retail 101
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eCommerce Site Jet To Offer Blue Apron’s Knick Knacks

PYMNTS

Jet is the first to have a slew of different Knick Knacks for same-day or following-day delivery across the New York City area. Walmart acquired Jet in 2016 in an aim to target urban areas and millennials with spending power, which are two markets that Walmart would like to penetrate. “We

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Grocery Tracker: Time Crunch

PYMNTS

In acquisition news, Kroger recently announced its acquisition of iconic New York City-based cheese shop Murray’s Cheese. The two have yet to disclose the financial terms of the deal, but city records show that Kroger dropped $20.6 consumer retail food and beverage spending. percent of U.S.