Remove 2011 Remove Millennials Remove Retail Remove Technology
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Chinese Millennials May Save Luxury Brands

PYMNTS

Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. 2017 saw a global recovery of the luxury retail market due to their affinity for high-end brands.

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Physical Retail Looks For New Life This Holiday Season

PYMNTS

The obituary for brick-and-mortar retail has been written many times. Retailers need to seize the moment when shoppers return gifts. Preparing for returns is a best practice; leveraging returns intelligence to inform product development and new customer acquisition strategies is next-practice retail.”. Consumer Trends.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

Then came this bubble generation they named millennials. Ever call your millennial child only to get a text back asking "what?" There is a fintech firm, SoFi, that was born in 2011, that focuses on millennials financial needs. Because that is what millennials needed at the time. We can ignore millennials no more.'

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Poshmark IPO Puts Spotlight On reCommerce

PYMNTS

The social media-focused platform company’s business model is simple: it’s a retail destination for consumers looking to sell their second-hand apparel and other goods or pick up desirable designer items for fraction of the price. We created Poshmark in 2011 to make buying and selling simple, social and fun. What Comes Next.

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Five Key Takeaways From Poshmark’s IPO Filing 

PYMNTS

We created Poshmark in 2011 to make buying and selling simple, social and fun. Pairing technology with the inherent human desire to socialize, our marketplace creates passion and personal connections among users.”. 31 were millennials or Gen Zers, which is a very desirable demographic for an online platform.

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Apple Pay Faces Hemispheric Pressure

PYMNTS

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. According to AppleInsider , the three Australian banks argue that Apple is anticompetitive because it restricts its NFC technology to Apple Pay only.

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The Gig Economy Sizzles, Autonomous Cars Fizzle And Victoria’s Secret Needs To Bring Sexy Back

PYMNTS

The brand has alternatively been described in reports as “ broken ,” “ out of date ” and “ desperate-looking ” by various segment watchers and analysts, who are wondering loudly if Victoria’s Secret (and the rest of L Brands) are on a collision course with the retail death spiral that has already taken out so many mall brands before it.

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