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Despite Papyrus’ Closing, Stationery Retail Is Not All Doom-And-Gloom

PYMNTS

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. The chain had since expanded to some 260 or so retail locations. Millennials to the Rescue.

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What’s Under The Millennial Christmas Tree This Year?

PYMNTS

All that’s left now, more or less, is the rush of returns that will all but overwhelm some retailers. Sneakers, of course, are always popular,” and that popularity looks likely to hold well after the 2019 holiday shopping season — thanks to the preferences of younger shoppers, including millennials and Generation Z. Top Sellers.

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Shopper Snapshot: Millennial Dads

PYMNTS

Millennial moms have been written about fairly exhaustively. Millennials, that precious group of consumers aged 18-34, are no longer merely a trendy demographic. And moms are typically our nation’s shoppers. Millennial dads could be the future of retail. Millennial dads could be the future of retail.

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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News

PYMNTS

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. NEW DATA: Consumers Like Cashier-less Retail But Retailers Aren’t Hitting The Mark. Wells Fargo CEO Reorganizes Business Units.

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

PYMNTS

And most of the nation got a good chuckle — except perhaps the investors who threw $125 million at the disruptive future of juice. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. In fairness, Juicero strongly recommends hand-squeezing the juice. Ready to jump in?

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Walmart Finds Buyer For ModCloth

PYMNTS

Go Global Retail announced its plans to acquire the assets of ModCloth from Walmart. ModCloth offers exclusive indie and vintage-inspired women’s clothing, shoes, handbags and accessories for 18- to 35-year-old women, while Go Global Retail is a brand investment platform for strategic investors in the consumer sector.

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NEW DATA: Gas Apps And The $22B Opportunity For C-Stores

PYMNTS

New research from PYMNTS, presented in the Paying At The Pump Report: Driving Gas Pump Payments To The C-Store , a GasBuddy collaboration, finds consumers who use a mobile app during their gas run are much more likely to continue shopping inside the station’s convenience store (c-store). C-stores Seek Their Own ‘Starbucks Effect’.