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Afterpay US CEO: Buy Now, Pay Later Is In Right Place, Right Time

PYMNTS

customers, he said Afterpay has become as much of a marketing channel for its retail partners as it is a financing tool. Furthermore, Molnar said that Afterpay’s gross losses over the past 12 months were 1 percent, which is significantly lower than the credit card market, and the company’s average transaction size is only $150.

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Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial

PYMNTS

It is difficult to ask for market penetration much better than 90 percent. However, he noted, that doesn’t mean Reynolds can kick back, rest and feel confident that it has gotten this market locked down. That’s because the market is always moving, and the consumer is always changing. Moving On Millennials .

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US New Home Sales Plummet As COVID-19 Hits Housing Market

PYMNTS

As COVID-19 started to impact the housing markets during a wind-down in mid-March, new home sales in the United States plummeted 15.4 Low mortgage rates and continued demand from the millennial generation should drive a rebound in housing activity later this year and into 2021,” Ayers predicted. Sales dropped a steep 41.5

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AI-Powered Visual Shopping Experiences For Millennials, Gen Z

PYMNTS

Retailers looking to engage tech-savvy millennials and Gen Z consumers are quickly doubling down on their efforts to offer more visual content and enhance the discoverability of their products and services. A survey conducted last year found that 62 percent of millennials prefer visual search over other search methods.

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What ‘The Simpsons,’ Art And Millennials Have In Common

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“It was meant to be a criticism of the art market, and I think it’s going to double the value of the work.”. 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. It’s a very fast-moving market.”. million, including fees.

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Afterpay CEO: How ‘Contact Us’ And The Kardashians Ignited Afterpay In The US

PYMNTS

Never underestimate the value of the “Contact Us” form that every merchant and service provider places somewhere on its website — because no one knows who is going to end up on the other side of it. Millennials were still a pretty small percentage of retail spend in 2015,” Molnar said. shores still ranks among his scarier life choices.

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DoorDash Valuation Could Hit $28 Billion, As Firm Says It Only Has 3 Pct Of US Market

PYMNTS

market for food delivery. Our [gross order volume] in 2019 represented less than 3 percent of this off-premise spend, highlighting the large addressable opportunity ahead of us in the food vertical alone,” DoorDash wrote in its recent S-1 filing. “We We believe we are in the early phases of broad market adoption.”.

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