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As Gap Joins thredUP, Resale Continues Its Momentum

PYMNTS

After Nordstrom and Macy’s recently launched high-end resale retail platforms, Gap has now joined them. And lest you think it’s a bit of desperation move for struggling retailers, guess again. Instead of receiving cash they get a credit with the retail partner. Resale is becoming mainstream.

Chicago 131
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How community banks can help young homebuyers

Independent Banker

As house prices skyrocket, student loan debt grows and wages stagnate, many Gen Zers and millennials are watching their homebuying dreams move out of reach. year-over-year increase in the first quarter of 2022, according to the National Association of Realtors (NAR). By Beth Mattson-Teig. So how can community banks help?

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What Is Powering The Emerging Pawnaissance?

PYMNTS

As noted by a recent USA Today report, millennial college grads saddled with tens of thousands of dollars in student debt who get behind on payments rapidly find themselves first pushed into the deep subprime credit zone and short on funds in case of a major financial setback. Not that Smart Financial ever refers to itself as a pawn shop.

Ohio 151
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The 2019 GonzoBanker Awards

Gonzobanker

So many miles to go, retail bankers! In a mature credit cycle with a tough yield cure, Chase is still growing retail revenue a 7+% and mobile banking users by 12+%. The workplace a millennial will most confuse with Silicon Valley – Live Oak Bank in North Carolina. The Tech Award – Goes to Capital One. Might be time to.

Idaho 148
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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Instead, new millennial-inspired and tech-infused dining trends have been emerging across the US and internationally. Many of yesterday’s casual dining brands are dying, but not because millennials “don’t eat out.” In the past decade, restaurant and bar purchases have grown at twice the rate of general retail spending.

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How The Rise Of Private Labels Is Transforming The CPG Industry

CB Insights

Store brands from retailers were seen as down-budget choices. Target’s Cat & Jack kids’ line has delivered double-digit results since its 2016 launch, even as traditional retailers struggle to stay afloat. Clothing: how retailers are attempting to escape the industry apocalypse by introducing store brands.