PYMNTS

DECEMBER 2, 2020

This will not only help retail items be more accessible to more consumers but could help merchants bounce back from what may have been a rocky year in sales due to the pandemic. percent of millennials report being financially stable, compared to 79 percent of non-millennial consumers. In fact, only 20.7

Retail 194

Retail Millennials Payments Trends 194

PYMNTS

FEBRUARY 10, 2020

On Facebook , for example, Reynolds does a weekly campaign to show off unusual and creative uses for its products (did you know Reynolds aluminum foil can be used to clean the grill?). Moving On Millennials . However, the focus among millennials is particularly strong. All customers want convenience, of course.

Millennials 181

Millennials Innovation Groups Marketing 181

PYMNTS

AUGUST 13, 2019

Offering an app doesn’t a guarantee retailers popularity or loyalty, though. Fifteen percent of in-store shoppers use other merchants’ apps, for example, and 6.9 Much has been made about app fatigue, yet retailers keep launching them. What does it take for consumers to download new retail apps? For example, 43.4

Retail 181

Retail Millennials Mobile Payments 181

PYMNTS

JUNE 24, 2019

Retailers are getting smarter about artificial intelligence (AI), and the latest example of that innovative effort comes from Walmart. According to a new report , the retail chain, hoping to reduce checkout theft, is turning to cameras powered by AI, with deployments underway in some 1,000 stores.

Retail 184

Retail Innovation Examples Online 184

PYMNTS

APRIL 9, 2019

Have millennials started starving a segment of commerce in a socially positive way? Added to the list of things millennials are killing — along with homeownership, the institution of marriage and diamond jewelry — is apparently alcohol. Folks in the millennial generation have maybe a better sense of balance. Data from U.S.

Millennials 147

Millennials North Carolina Trends Metro 147

PYMNTS

OCTOBER 13, 2020

Approximately twice as many consumers shopped for retail products from home in the summer of 2020 as they did in the summer of 2019, and three times as many grocery-shopped from home this summer over last summer, too,” the Report states, giving an idea of scope. Creation of the ‘Superconnected’ Consumer.

Millennials 298

Millennials Study Case Study Retail 298

PYMNTS

AUGUST 31, 2017

Retailers trying to bridge the growing gap between the shopping trends of Baby Boomers, Generation Z and every demographic in between may think they have the different generations figured out, but in some cases, operating on assumptions can lead to missed sales. Millennials. Baby Boomers. was home to 81.3 was home to 81.3

Retail 147

Retail Millennials Study Trends 147

PYMNTS

DECEMBER 3, 2020

Yet, the two most connected consumer groups — bridge millennials and superconnected consumers — have changed their habits the most. Both bridge millennials and superconnected consumers own more connected devices than the average consumer and are considered to be on the cutting edge of digital adoption.

Millennials 211

Millennials Groups Study Retail 211

PYMNTS

AUGUST 9, 2019

In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. Moran said the overall trend toward automation is being driven by the consumer, and in particular, by millennial consumers.

Retail 181

Retail Analytics Millennials Online 181

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. Homesharing Platforms Vie For Millennial, Gen Z Travelers. Visit the Playbook’s feature story to find out how Airbnb is prioritizing payments for millennial loyalty.

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Millennials How To Trends Payments 134

Perficient

FEBRUARY 18, 2021

That said, many lessons can be learned by looking across various industries for best practices around understanding the customer journey, engaging brand experiences, and Millennial and Gen Z customer acquisition and servicing. 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

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

MARCH 17, 2020

eCommerce’s rise has only made designing retail showrooms more complex, however. Merchants need to bridge this gap as digital connectivity pushes the retail world’s boundaries. Companies need all the tools they can get to keep consumers engaged in the competitive retail environment. The Rise of Visual Search.

Retail 143

Retail Tools Millennials social media 143

PYMNTS

OCTOBER 10, 2018

Target is rolling out a new discount brand, dubbed Smartly, intended to appeal to millennials. The retailer noted that, for instance, fragrances were “developed in partnership with master perfumers.” And, while Target’s move made news this week, it’s not the first time that the retailer has rolled out private labels.

Millennials 133

Millennials Branding Training Retail 133

PYMNTS

MARCH 31, 2020

As recently as a few years ago, it was often difficult to get retailers to think seriously about unattended retail as an expansion or extension of their business. That shift in consumer preferences is driving an ever-expanding digitization of the physical retail experience, he noted. While that is a growth area, Layden Jr.

Retail 175

Retail New Jersey Oregon Technology 175

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. A third of bridge millennials will increase their usage of mobile devices, more than any other segment. Again, bridge millennials and Gen Xers led the way, with 35.7 percent will use a laptop or PC.

Online 176

Online Cards Retail Data 176

Perficient

JANUARY 12, 2021

Forrester noted that 53% of the US retail industry planned investment in AR in 2020 because they know it assists consumers in making purchase decisions. For example, I was recently shopping for footstools for my porch but had difficulty deciding which to buy based on how they would look with my previously purchased chair.

Customer Experience 538

Customer Experience Branding Video Online 538

PYMNTS

SEPTEMBER 11, 2018

Is there a secret sauce for merchants to capture the evolving millennial? One formula that offers engaging consumer experiences, and doesn’t insult the intelligence of millennials, is a combination of private-label debit and rewards or loyalty programs. Reaching Millennials. However, millennials care about more than price.

Millennials 115

Millennials Mobile Branding Samsung 115

PYMNTS

SEPTEMBER 9, 2020

The virus itself is not the only factor in play, however, with the devastating economic downturn and record-high unemployment rates also sharply reducing consumers’ purchasing power and their willingness to make retail purchases. Digital commerce is one of the only truly safe revenue streams available to retailers right now.

Retail 169

Retail Report How To New Jersey 169

PYMNTS

FEBRUARY 4, 2020

Not willingly – unless you use a credit card at the POS terminal, that is, in which case you’ll pay the retail price plus 21 percent. Older “ bridge millennials ” led the way when it comes to living within one’s means by showing a clear preference for debit products. Would you pay interest on a cup of coffee? Safe, but Not Immune.

Millennials 131

Millennials Fraud ATM Cards 131

PYMNTS

JANUARY 12, 2021

Housing loan applications in the European Union recovered in Q3 after a significant dip earlier in the year, for example, with banks seeing such applications rise 31 percent. Instant Payments and the Millennial Push. The crisis has also increased consumers’ demand for loans in several categories.

Millennials 239

Millennials Payments Lending Study 239

PYMNTS

DECEMBER 31, 2020

percent made voice-assisted purchases while shopping for groceries or retail goods in the last 24 hours. 35 percent of retail businesses have experienced an increase in demand. percent of millennials believe it is “very” important to receive payments in real time. percent made purchases via mobile in the last 24 hours.

Data 277

Data Innovation Payments Millennials 277

PYMNTS

DECEMBER 14, 2020

Although the installment concept is hardly new, Afterpay’s platform and growing catalog of retailers has brought fame and fortune to the company and its founders. A big part of Afterpay’s growth stems from the fact that its super-simple service is appealing to both customers and retailers alike. Preference For Debit. million U.S.

US 322

US Retail Cards Millennials 322

PYMNTS

SEPTEMBER 11, 2019

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In a bit of granular detail, the authority will offer up two “full bank” licenses, which will allow non-banking companies to offer a gamut of services, including taking on deposits from retail customers.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

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 2, 2020

The past several months have been largely defined in the retail world by merchants and brands making quick digital pivots to stay afloat in an environment that’s gone from “digital sometimes” to “digital mostly.”. When selling online became the only game in town, retailers across the board got very seriously digital overnight.

Retail 142

Retail Meeting Millennials Branding 142

PYMNTS

JUNE 21, 2018

The old model of opening a retail store with merchandise as a main focus of the space may not appeal to today’s consumers – millennials in particular. The Neighborhood Goods store slated to open this fall in Plano, Texas, for example, will have a bar and restaurant in the center of its space.

Millennials 109

Millennials Fort Worth Los Angeles San Francisco 109

PYMNTS

APRIL 30, 2019

According to Will Byrne, CEO of Worldnet Payments , the kiosks and smart shelves that are gaining traction across any number of commerce and retail settings may even shift the employment picture a bit. The Changing Retail Footprint. As unattended retail notches an increasing footprint, said Byrne, other use cases will also emerge.

Retail 138

Retail Data Operations Payments 138

PYMNTS

MARCH 9, 2020

Retail frequently adapts well to the new technologies or tools consumers might be using to shop, but repricing goods to accommodate customers who are wary of overspending is often out of its reach. This is prompting retailers outside the luxury space to explore buy now, pay later (BNPL) options. Brands in Australia, the U.K.

Retail 131

Retail Millennials Cards Branding 131

PYMNTS

OCTOBER 2, 2017

All of this begs the question: What is the tipping point that has been moving people from cash payments to alternative cash formats, setting the stage for a lot of change in retail? Mobile remains the conduit through which people shop, via Amazon and other retail websites and platforms. One segment is defined as generational.

Millennials 119

Millennials Cards Retail Study 119

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. Walmart, for example, closed more than 150 stores this year.

Millennials 100

Millennials Retail Google Groups 100

PYMNTS

JULY 15, 2020

Consumers were already changing their retail preferences before anyone had heard of COVID-19, let alone had their life utterly upended by it. This vastly accelerated retail realignment presents challenges — and opportunities — for retailers of all kinds, particularly those dealing in luxury goods, Molnar said.

US 206

US Retail Millennials Trends 206

PYMNTS

FEBRUARY 21, 2020

Instead, Canada Goose went for experiential retail, a strategy that has become more important as consumers want to do things when they buy things. In this case, over 8,000 consumers traveled through “The Journey,” an experiential retail concept in Toronto during the December 2019 holiday shopping season. Experiential Retail Expands.

Retail 141

Retail Miami Millennials social media 141

PYMNTS

APRIL 13, 2020

This ease explains why retailers and other businesses have been growing more interested in this area. 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. consumers now use mobile payment apps.

Mobile 232

Mobile Innovation Millennials Payments 232

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. NEW DATA: Consumers Like Cashier-less Retail But Retailers Aren’t Hitting The Mark. Trackers and Reports. million consumers or 6.9

Retail 141

Retail Cards Millennials Fraud 141

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. New Solutions For New Times . “We

Retail 291

Retail Online Millennials Cards 291

PYMNTS

OCTOBER 20, 2016

19) released a report, dubbed “Millennial Study: Privacy vs. Customer Experience,” which charts the digital consumer preferences and behaviors of millennials in seven global markets — the U.S., Germany, Hong Kong, Malaysia, Mexico and Brazil — and found millennials are guarded about sharing their personal data.

Millennials 100

Millennials Study Data Customer Experience 100