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‘Costco For Millennials’ Attracts Big Investors

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A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. The idea of a sale came as the New York startup was looking for funding. Both General Mills and Bed Bath & Beyond are considering investing in Boxed.com.

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Wall Street Investors Place Their Bets On Millennials

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When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. billion Long Pond Capital hedge fund, pitched U.S. Horton, which he believes should get a boost as more millennials become first-time homebuyers. homebuilder D.R. In fact, D.R.

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Black Friday Heads Toward Shades Of Gray

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COVID-19 shows no signs of abating – in fact, fears of a second wave have already hit New York City, among other metro areas. And then there are the millennials. Millennials spent an average of $509 on Black Friday in 2019, with bridge millennials coming in at $479. consumers representing some $112.5

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Online Wholesaler Boxed Looks For Buyers

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online wholesale retailer sometimes called “Costco for millennials,” is seeking a buyer, Reuters reported. Boxed, based in New York, offers sales of fresh groceries, office supplies and more. Boxed, formed in 2013, has raised $240 million from investors, including American Express and GGV Capital. Boxed , the U.S.

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BJ’s On The Block, Amex’s Millennial Problem And Another Big Breach

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On the slightly more serious side of the payments news this week, BJ’s Wholesale Club looks like it’s going up for sale — and the rumor of the week is that Amazon is thinking about buying it. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. these days.

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Credit Card Startup Petal Raises $300M Led By Jefferies

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The New York-based FinTech company Petal has announced a $300 million debt round from global investment bank Jefferies, adding to existing venture capital investments from Peter Thiel’s Valar Ventures, Rosecliff Ventures and others, the company announced in a press release on Wednesday (Sept. ABS capital markets for Jefferies.

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L’Oréal, Instagram Lead Late-Year Social Commerce Push

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It’s also a play to capture TikTok’s Gen Z and millennial audience. According to MarketWatch , L’Oréal is making a “minority investment” in Replika via its venture capital fund, BOLD Business Opportunities for L’Oréal Development. Comscore data says the share of U.S.-based based TikTok users between 25-34 years old increased from 22.4