article thumbnail

CVS Expands Membership Program Nationwide To Lure Millennials

PYMNTS

After successful test runs in Boston, Philadelphia and Tampa, the CVS membership program CarePass will expand nationally with free delivery for an annual fee, CNBC reported on Monday (Aug. The pilot program indicated that 20 percent of users were millennials and that CarePass members spent 15-20 percent more at CVS.

article thumbnail

Kohl’s Redoubles Omnichannel Efforts Amid Rise In Digital Sales

PYMNTS

Kohl’s Corporation CEO Michelle Gass said in a fourth-quarter earnings conference call with analysts that investments in technologies such as its mobile app, and buy online, pick up in store (BOPUS), among other initiatives, are “resonating” with the company’s shoppers while bolstering traffic and sales. Rewards and Millennials.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Upscale UK Retailers Look To Land In US Market

PYMNTS

percent fall in sales in November and December when online sales rose by 2.6 Florida, Chicago and Philadelphia are set. People now research online and then go to the store to buy,” he said. Despite this, online sales continued to grow, reaching 21% of total sales. Total sales slipped by 0.1 expat effort.

Retail 132
article thumbnail

Why Digital Lenders Are Tightening Their Lending Criteria

PYMNTS

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. According to KBRA, the number of asset-backed securities issues by online lenders, that saw performance triggers activated by missed payments, declined last year.

Lending 116
article thumbnail

Why Wyndham Is Getting Into Grocery With Peapod And Instacart

PYMNTS

Philadelphia, Penn.; “Our grocery delivery pilot makes is possible to give guests the power of selection combined with the convenience of online shopping and curated dishes. The pilot is currently underway in locations in and around Chicago, Ill.; Raleigh and Charlotte, N.C.; Hartford, Conn.; and Orlando, Fla.

Raleigh 100
article thumbnail

Big Retail Problems, Small Format Solution?

PYMNTS

Target, on the other hand, has enjoyed some success with its flexible format, urbanite- and millennial-friendly CityTarget locations that first launched in 2012 and have since expanded to Los Angeles, San Francisco, Chicago, Boston, San Diego and Philadelphia.

Retail 100
article thumbnail

Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. Its team of economists takes a rather dim view of the online lending space and the ways in which it recruits and handles its customers – and believes that additional regulation is needed to rein in some of the excesses their research uncovered.

Study 101