PYMNTS

MARCH 13, 2020

Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Proper tax education is critical to any business’s future, Daher said.

Millennials 160

Millennials Taxes Innovation Operations 160

Abrigo

AUGUST 1, 2016

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.

Millennials 150

Millennials Survey Risk Management Groups 150

PYMNTS

NOVEMBER 25, 2020

Among those who said they would increase spend, about a third of millennials and Gen Xers said they would increase spending. And when they do spend, consumers will do so online – some of them exclusively. percent said they would do all of their shopping online. percent said they would do all of their shopping online.

Online 176

Online Cards Retail Data 176

PYMNTS

JANUARY 9, 2020

For example, studies show that one in every five millennials would abandon travel booking processes if their preferred payment method was not offered. Millennials are set to become a significant portion of global travelers (they already are, in fact), so it is critical for platforms to reach them in the channels where they are already.

Millennials 134

Millennials How To Trends Payments 134

PYMNTS

APRIL 6, 2019

Because the millennial art buyers are arriving – and what they buy, how they buy it and how they relate to it is very different than prior generations. The Simpsons,” Dolls, Shoes – The Eclectic World of Millennials’ Collections. It wasn’t the only big sale for a KAWS piece that day – a millennial Chinese buyer dropped $2.6

Millennials 148

Millennials Marketing Trends New York 148

PYMNTS

MAY 20, 2020

But mounting concerns about health and safety amid the pandemic have motivated a consistently rising share of shoppers to try ordering their groceries online for delivery. percent of consumers that PYMNTS surveyed had switched to grocery shopping online as of early March, 14.8 For example, our survey found that 31.1

Online 184

Online Millennials Digital Strategies Retail 184

Perficient

FEBRUARY 18, 2021

However, one of the main drivers is their weaknesses are exposed now more than ever with folks driven online with Covid-19 and expecting the same level of service they typically get at say their local bank. The approach we took, and you’ll see in the presentation, are real-world examples of digital trends.

Digital Strategies 383

Digital Strategies Strategy Industry Case Study 383

PYMNTS

DECEMBER 3, 2020

The pandemic has significantly altered the way consumers of all age groups and income levels shop and pay, with many turning to online and mobile channels to reduce health risks. Yet, the two most connected consumer groups — bridge millennials and superconnected consumers — have changed their habits the most.

Millennials 211

Millennials Groups Study Retail 211

PYMNTS

NOVEMBER 5, 2020

Macy’s, for example, said in early September it’s planning to open a smaller-format Bloomingdale’s department store away from the mall. Consumers are more willing to shop in stores than they were in June, in fact, on one condition: Retailers must allow them to pay using the digital to order online for curbside pickup.”.

Retail 252

Retail Millennials Online Report 252

PYMNTS

NOVEMBER 9, 2020

As COVID-19 continues to modify ideas around how we shop and pay, consumers and B2B buyers are also making choices about where to shop: online or in-store? The payment options merchants accept impact consumers’ willingness to shop in store for 69 percent of bridge millennials, 70 percent of millennials and 71 percent of Gen Z consumers.”.

Retail 261

Retail Millennials Online Tools 261

PYMNTS

APRIL 8, 2019

The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. The high failure rate of a new small business has entrepreneurs focused on simply surviving their first few years in operation.

Strategy 279

Strategy Millennials Data Online 279

PYMNTS

JANUARY 10, 2020

They want convenient booking tools, fast payment methods and secure reservations when planning their trips, and these needs have not changed much as millennials have come of age. Millennials and younger generations are digitally minded and want to interact with brands that can answer their personal requests through online and mobile channels.

Millennials 131

Millennials social media Mobile Payments 131

PYMNTS

MAY 14, 2020

Every online wine company that reports sales has noted big spikes during the pandemic. The latest to report, Wine.com – which bills itself as the nation’s leading online wine retailer – earned $165 million in revenue and saw 25 percent growth for fiscal 2020, ending March 31. out of 10 on “likelihood to recommend.”. “The

Online 164

Online Retail Millennials Analytics 164

PYMNTS

DECEMBER 31, 2020

percent of millennials believe it is “very” important to receive payments in real time. percent more B2C merchants than B2B merchants offer discounts, for example, and 11.1 Key Data Points: The portion of consumers shopping and paying for retail goods online increased 34.9 Cross-Border Merchant Friction Index. percentage points.

Data 277

Data Innovation Payments Millennials 277

PYMNTS

AUGUST 23, 2017

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.

Millennials 111

Millennials Policies Management Strategy 111

PYMNTS

FEBRUARY 11, 2019

The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. It also purchased online pharmacy PillPack , and owns Zappos and fashion eTailer Shopbop. The year is 2039. By then, it might be.

Online 197

Online Retail Mobile Branding 197

PYMNTS

OCTOBER 10, 2018

Target is rolling out a new discount brand, dubbed Smartly, intended to appeal to millennials. A bar of unscented soap, for example, includes messaging to indicate that it “smells like, well, nothing” and disposable plates carry the message “no dishes tonight.” The packaging, too, is simple and clean. The Business Model Of Generics.

Millennials 133

Millennials Branding Training Retail 133

PYMNTS

SEPTEMBER 11, 2019

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In other examples, in Hong Kong, Ping An will be launching a digital bank within the next several months. As we noted in this space earlier in the summer, using apps to bank is markedly being embraced by the younger generation.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

JANUARY 28, 2021

Nearly 36 percent of CU members said they are “very” or “extremely” interested in using P2P payments, for example, yet only 25 percent said they are familiar with them. PYMNTS’ research indicates that millennials (ages 23 to 39) and bridge millennials (ages 30 to 40) have the greatest interest in P2P payment use, for example.

Innovation 187

Innovation Millennials Payments Mobile 187

PYMNTS

JANUARY 14, 2021

More than half of consumers find it difficult to locate relevant information on their banks’ websites, for example, a problem that led many to seek assistance in physical branches. The research further demonstrates that a significant share of consumers’ loyalty to their banks hinges on being able to access such options.

Video 224

Video social media Millennials Data 224

PYMNTS

JUNE 14, 2018

Millennials are a force to be reckoned with, as they are made up of approximately 90 million individuals with significant spending power: By 2030, their aggregate annual income is projected to be more than $4 trillion. Attracting Millennials. Approximately 75 percent of Gravy’s users are millennials. Second Chances.

Millennials 118

Millennials Branding Mobile Apple 118

PYMNTS

OCTOBER 28, 2016

Despite t he National Retail Federation reporting that grocery stores topped the “hot list” of retailers for the year , supermarkets are having a tricky time luring millennials into bringing a basket or cart down the aisles. Amazon will also roll out drive-in locations, where customers’ online grocery orders will be delivered to their car.

Millennials 100

Millennials Retail Google Groups 100

PYMNTS

DECEMBER 30, 2020

Data shows that roughly one-third of respondents who have struggled to afford their routine monthly expenses used BNPL solutions for their Black Friday purchases, for example. shoppers who have used BNPL options are between the ages of 18 and 34, putting them in the millennial and Generation Z categories.

Payments 276

Payments Trends Millennials United States 276

PYMNTS

MAY 15, 2018

Those are challenges that several solution providers are working to address by helping credit unions improve their online experiences for disabled credit union members. It’s not just online experiences that are getting upgrades. Embracing Tech Change to Win Over Millennials. You can’t be afraid of it.

Millennials 110

Millennials Innovation Report Mobile 110

Accenture

MAY 7, 2019

This got me thinking—in the Instagram and Facebook era of instant online gratification, just how important is the ability to create a relationship with a bank at the swish of your mobile? And it’s not just millennials who are thinking of jumping ship. However, this isn’t just a frustration for your average millennial.

Customer Experience 262

Customer Experience Online Millennials social media 262

PYMNTS

DECEMBER 22, 2020

And now, thanks to a global pandemic that has pushed more business online, tightened wallets and compressed delivery times, the retail landscape has undergone huge changes in a relatively short amount of time. “So For example, when a consumer runs out of milk, they can run out and buy more. First, does a move improve retention?

Retail 291

Retail Online Millennials Cards 291

PYMNTS

JUNE 15, 2018

In one latest example, beyond U.S. One early target audience lies with millennials. The opportunity that lies in front of the company comes, Shaw said, as “the current insurance system does not speak ‘millennial,’” noting that these consumers “seek clarity at the optimum level of convenience.”

Millennials 115

Millennials Industry Technology United States 115

PYMNTS

NOVEMBER 2, 2020

consumer seems happy to test the waters — and none more so than the coveted bridge millennials. According to PYMNTS survey data, nearly three times as many bridge millennials are Amazon Prime members as Walmart+ members. But three in 10 bridge millennials already report having both, just a month in. Those are the 47 million U.S.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

FEBRUARY 7, 2020

The no-interest, no-fee nature of these solutions intrigues consumers — especially the millennial and Generation Z demographics — searching for alternative payment methods that can grant them further flexibility and convenience while shopping. For example, 80 percent of customers for BNPL provider Afterpay made purchases over mobile.

Industry 167

Industry Millennials Retail Mobile 167

PYMNTS

MARCH 13, 2020

Brick-and-mortar is instead rapidly changing to accommodate the needs of consumers who have come to expect the same speed and convenience from purchasing through online and mobile environments. Another survey found that 81 percent of Gen Z prefers to shop in-stores, for example. Ace Hardware on the Importance of Seamless Omnichannel.

Strategy 179

Strategy Millennials Retail Mobile 179

PYMNTS

DECEMBER 31, 2020

This means that affected consumers are searching not only for retailers that are offering deals but also for merchants that provide flexible payment methods online and in stores. sales in November, for example. Omnichannel Shopping and the Millennial Factor.

Millennials 167

Millennials Retail Online Payments 167

PYMNTS

APRIL 13, 2020

There has been similar growth in mobile disbursement interest in the business-to-business (B2B) space as well, especially as more millennial and Gen Z workers join firms’ staff. Millennials are among the top financial app users: 94 percent of surveyed millennials use P2P apps like Venmo and Zelle.

Mobile 232

Mobile Innovation Millennials Payments 232

PYMNTS

DECEMBER 24, 2020

Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. Millennials lead in the early adoption of BNPL, especially older “ bridge millennials ,” or those aged 32 to 41 who tend to have more purchasing power than their younger counterparts.

Payments 260

Payments Millennials Survey Trends 260

PYMNTS

JULY 15, 2020

CEO of Afterpay , recently told Karen Webster that consumers — particularly millennials and Generation Z — were already showing distinct preferences for digital commerce and paying with debit cards rather than credit cards. For example, luxury buyers tend to be more affluent and less likely to cut their spending during economic downturns.

US 206

US Retail Millennials Trends 206

PYMNTS

DECEMBER 10, 2020

It’s also a play to capture TikTok’s Gen Z and millennial audience. For example, Sephora is using Replika to provide its in-store personnel with a turnkey social selling “My Sephora Store” to encourage online sales and forge stronger customer relationships. Comscore data says the share of U.S.-based percent in January to 27.4

social media 257

social media Video Branding Online 257

PYMNTS

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Out are the devices that connect to the internet but only do one thing – fitness trackers that only track vital stats or eReaders that only download content, for example.

Millennials 222

Millennials Study Course Trends 222

Perficient

FEBRUARY 23, 2021

So I’m going to just take Black Americans – I have an actual affinity, obviously – as an example. ” There’s not even a lot of great other examples that people can point to. You know, there are going to be some who are just they’re just not privy to going online. How do we get over this?

Community 484

Community US Massachusetts Strategy 484