Remove 2006 Remove Millennials Remove Online
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Turning To The Crowd ? And Gift Cards ? To Fund Honeymoons

PYMNTS

Modern consumers — millennials, in particular — couldn’t care less about receiving fine china, crystal stemware or other knickknacks as wedding gifts. This shift has allowed wedding registry platforms to see the revenue opportunity, and they are now working to help satiate millennial consumers’ desires for experiential giving.

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Top News In Payments: Uber, Lyft, DoorDash Back Initiative To Fight Gig Worker Law; Adobe Predicts Holiday Sales To Reach $143.7B

PYMNTS

Also, a study by Adobe Analytics found that the upcoming holiday shopping season is expected to break records in online spending. A study by Adobe Analytics found that the upcoming holiday shopping season is expected to break records in online spending. Online marketplaces need to keep users safe as shopping keeps becoming digital.

Analytics 101
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For eCommerce Content, It’s Experiences Over Speed

PYMNTS

Online luxury marketplace 1stdibs stands as an example of that kind of content, along with providing — as do some other companies — a demonstration of the appeal of both digital and physical forms of content to tie consumers to a brand or ecosystem. Wayfair is among the major online retailers that see renewed value in print catalogs.

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Teen Spending Hits Record Low, But Savvy Merchants Can Still Make Sales

PYMNTS

And while 2020 has represented an unusually sharp drop, teen spending has been on the decline for some time — peaking in 2006 at $3,023 on average. And eCommerce is a powerful draw, with 90 percent of teens reporting they’ve shopped online during the fall season. That’s a 9 percent decline from 2019, when teens spent $2,371.

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Bankers and Strategic Bets. A Slow Embrace.

Jeff For Banks

How do we balance strategic direction, customer demand, and the futurist or wildly over-caffeinated millennial that tells us we have to implement every shiny new object or we'll die? Maybe those millennial futurists don't remember this. Online book stores. In 1998, they decided "why don't we sell everything online?"

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4Moms: Predicting Parent Pain Points

PYMNTS

The current incarnation is the overly fussy millennial mom who has custom-color-change bath beads to test the baby’s water — or the urban lumberjack dad with smart-fabric kids’ clothes that allow him to monitor his toddler’s core temperature while they take their daily walk in the park together. It’s neat, I guess, but so what.”.

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How About Profits in the Branch of the Future?

Jeff For Banks

Malls are experiencing difficulty in the United States, as millennials opt for smaller, urban environments to shop. And the rest of us are increasingly buying online. This is down from 4.17% for banks and 2.51% for thrifts in 2006. mBank’s light branch depicted above is located in a mall. Not very inspiring.