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Turns Out Millennials Buy Their Clothes On Amazon

PYMNTS

As retailers across categories fawn over shares of millennial spending power, new insight from market research and analytics firm Slice Intelligence indicates that, in terms of apparel market sales, one online retailer appears to have already won the battle. percent in 2015 and 34.6 percent in 2015 and 34.6 percent in 2016.

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Number Of Millennial Households Expected To Soar Over Next 10 Years

PYMNTS

A lot of millennials are still living at home with their parents, but as more and more of them begin moving out in the coming years, they could have a significant impact on both the housing and rental markets. So what will fuel this significant growth in new millennial households? That number hit 21.3

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Millennials Spend Less While On Business Trips

PYMNTS

Millennials get a bad rap for everything from being unable to commit to a job to jeopardizing the cereal market. But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel.

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Baby Boomers Vs. Millennials: Home Renovations Edition

PYMNTS

While home repair spending was at $220 billion in 2015, the research expects that figure to grow to approximately $270 billion by 2025. As to be expected, baby boomers and millennials were at different ends of the spectrum in terms of the types of houses bought, differences in improvement choices and amount of money spent on repairs.

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Hispanic Millennials A Top Target For Mobile Wallet Players

PYMNTS

The Hispanic Millennial Project has found some patterns in the use of mobile payments technologies among this demographic. 2) said the research initiative revealed that Hispanic millennials, those aged 18–34, are embracing mobile payments technology. For example, foreign-born Hispanic millennials are more interested than their U.S.-born

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Banks should know these 5 Traits of Millennial business owners

Abrigo

Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. And banks and credit unions looking to grow business loan portfolios , especially, can benefit from insights into Millennial entrepreneurs.

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‘Costco For Millennials’ Attracts Big Investors

PYMNTS

A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. In 2015 — with just 30 employees and three warehouses — Boxed raised $25 million in a Series B round of funding.