CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

DECEMBER 28, 2018

When it comes to retail, recollections seem likely to linger upon the ongoing (and significant) growth in eCommerce, the developing relationship between online and physical stores, a big boost in apparel sales, and the role of mobile in the journey from browsing to purchase. According to Mastercard , overall retail spending increased 5.1

Retail 156

Retail Trends Course Online 156

PYMNTS

AUGUST 22, 2018

We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. If the 6 percent compound annual growth rate (CAGR) of the global market since 2010 for luxury goods is a decent clip, the online CAGR is a gallop at about 27 percent for the same period.

Online 101

Online Retail Branding Data 101

PYMNTS

JANUARY 17, 2019

L’Occitane said the acquisition of the Elemis brand — which is popular with millennials and Generation X consumers — is intended to strengthen its global growth as it expands its market, particularly in Asia where high-end skincare is a rapidly growing area of interest and spend for consumers. billion euros ($2.5 The firm reported 1.3

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Branding Regional Retail New York 123

PYMNTS

FEBRUARY 4, 2020

By the end of 2020 four in 10 shoppers worldwide will belong to Gen Z, the consumer group born more or less between 1996 and 2010. A bit younger than their millennial siblings and cousins, they’ve grown up totally mobile, and have idiosyncrasies that make them unique.

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

AUGUST 26, 2016

According to AppleInsider , although some retailers have announced plans for Apple Pay in the past, some still have not supported Apple Pay; Anthropologie and Forever 21 are two examples. A previous foray into social networking by Apple, Apple Ping, was introduced in 2010 and nixed by Tim Cook in 2012 when iTunes 7 was released.

Apple 100

Apple social media Retail Strategy 100

PYMNTS

AUGUST 16, 2018

Younger consumers are leading the way when it comes to online bill payments, with 61 percent of those payments coming from millennials. online bill payments made by consumers in 2016 were conducted via biller-direct sites, up from 62 percent in 2010. Another online bill payment trend is a move away from banks for those transactions.

Industry 105

Industry Payments Online Boston 105

PYMNTS

AUGUST 2, 2016

Since 2010, footwear sales have grown at a higher rate than the rest of the apparel industry, growing at a compound annual growth rate (CAGR) of 6 percent from 2010 to 2015, compared to just 4 percent CAGR for the rest of the apparel industry, according to Euromonitor.

Industry 100

Industry Charlotte social media Branding 100

PYMNTS

FEBRUARY 16, 2018

While much of physical retail struggled in 2017 from rapidly realigning consumer shopping habits, the team at Home Depot had an incredibly solid year, with same-store sales growing each quarter and a stock price that surged 42 percent. Despite retail’s slump, the stock market did well in 2017.

Retail 101

Retail Training Atlanta Marketing 101

PYMNTS

MAY 14, 2018

Consumers – particularly millennials – are driving less and buying fewer cars; the age of the internal combustion engine is coming to an end in favor of electric vehicles; and, of course, vehicles as we know them are soon to be replaced by self-driving software platforms that we will call “cars” mostly out of nostalgia.

Operations 101

Operations Millennials Mobile Cards 101

PYMNTS

MARCH 23, 2018

Millennials across America singing “I’m a Toys R Us kid” in as solemn a fashion as possible this week are a testament to that. What’s certain is that the company started cutting back on its stock and struggled — along with every other retailer — in the face of rising eCommerce popularity. Stores became more and more dated.

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US Industry Washington Company 122

PYMNTS

MARCH 2, 2020

Retailers often need additional coverage during peak holiday shopping periods, hospitals may need substitutes for nurses on paternity leave and construction companies might need to increase staff for sizable projects. million in 2010 to 5.9 The number of activated payroll cards in the U.S. rose from 3.1 million by 2022.

Cards 130

Cards ATM United States Payments 130

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Are the more than a third of U.S. Today, U.S.

Cards 122

Cards Groups Report US 122

South State Correspondent

AUGUST 16, 2023

Consumers are going through a revaluation valuing more retail products over travel products (i.e., Gen Z and Millennials are now using credit on their cards which was not seen before 2020. Utilization has increased to 22% but materially below the 27% spike in 2010. restaging their wallet”). This is a potential red flag.

Trends 195

Trends Cards Capital Data 195

PYMNTS

JANUARY 30, 2018

The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. Cherny noted that while his firm serves all demographics of customers, millennials tend to be their largest audience. As of today, over 25K customers have made [the] switch from Bank of America to Aspiration.”.

America 109

America Maryland FDIC Millennials 109

Gonzobanker

DECEMBER 20, 2019

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

Idaho Conference Data Marketing 148

Tech and Finance

MARCH 7, 2016

Retail sales did pretty well, especially ecommerce businesses which were up 7.1 went to a millennial. Millennials (16-35 years old) have bought one of every four cars sold in the U.S. The company expects 2.5 percent growth in the American economy for 2016 “while the drag from trade and energy sector will prevent a strong year.”.

US 28

US Millennials Survey Marketing 28

Tefkin

JUNE 3, 2014

While other sectors attract more mainstream press attention (payment, retail banking), the asset management industry is also deeply affected by “software eating the world” Asset Class Competition. Traditional asset management companies are increasingly facing competition on both sides of the performance scale.

Industry 42

Industry Management Innovation Analysis 42

PYMNTS

OCTOBER 1, 2020

Luxury retailers are seeking ways to entice younger consumers to purchase expensive items in a retail world saturated with inexpensive alternatives. Millennials and Generation Z consumers are embracing buy now, pay later (BNPL) plans as a way to responsibly purchase items without incurring fees or debt in the process.

Millennials 210

Millennials Retail Maine Payments 210

CB Insights

SEPTEMBER 4, 2019

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

Millennials 78

Millennials Industry Branding social media 78

CB Insights

OCTOBER 6, 2017

Meanwhile, nearly 5 million retail workers are at a medium risk of automation within 10 years. To put these numbers into perspective, estimates are that over a few years the Great Recession of 2007 – 2010 destroyed 8.7 Robotics are penetrating deep into large businesses including retail, consumer, and medical applications.

Software 69

Software Industry Retail United States 69

PYMNTS

FEBRUARY 20, 2017

Launched in 2010, consumers use Shopkick’s mobile commerce and location-based app to collect points, browse deals and promotions and earn rewards. Retail brands and partners for Shopkick include Best Buy, Clorox, Nestle and Starbucks, among others. Shopkick Grocery will allow consumers to earn rewards while grocery shopping.

social media 100

social media Virginia South Carolina North Carolina 100

CB Insights

JULY 20, 2017

Consumers, especially millennials, are looking for products that promise not only to make them look better in the moment, but to improve the health of their skin or the quality of their hair over the long term. Birchbox was a prominent leader in subscription beauty, having launched in 2010 to serve up monthly boxes of sample beauty products.

Trends 28

Trends Branding social media San Francisco 28

PYMNTS

JANUARY 7, 2019

And, yes, this likely sounds blasphemous from someone who’s been beating the mobile payments drum since 2005, well before the iPhone and the App Store changed how consumers, retailers and payments players all use mobile devices. It’s an experience that retailers are embracing and investing heavily in. Consider this.

Mobile 205

Mobile Innovation Apple Study 205

CB Insights

MARCH 2, 2018

BRIEFING: Surviving the Retail Apocalypse. How are brick-and-mortar retailers surviving and adapting in the world of digital commerce? They also know how successful a retailer can be if it builds a leading e-commerce presence and brings a country into online retail. First Name. The Amazon Ecosystem Effect.

Regional 68

Regional Retail Marketing Online 68

PYMNTS

DECEMBER 11, 2017

That might not be a crazy assumption: Reports from Nielsen reveal that television viewership by that demographic has declined more than 40 percent since 2010 and is off 11 percent year over year for the older half of millennials aged 25 to 34. million visits, represent the seventh most-trafficked online retailer, ahead of Macy’s.

Millennials 109

Millennials Video Maine Operations 109

Fintech Labs Insights

JUNE 17, 2016

Stockpile CEO Avi Lele describes SparkGift as “an innovator in personalizing and democratizing the stock market for the millennial generation” saying that the San Francisco-based startup “shares Stockpile’s mission of making investing accessible to everyone.”

San Francisco 12

San Francisco Millennials Course Cards 12