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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. With warehouses in New Jersey, Dallas, Las Vegas and Atlanta, Boxed offers bulk-sized products similar to those found at big warehouse retailers like Costco Wholesale.

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NICE Actimize Looks To Boost AML Efforts With Guardian Analytics Buy

PYMNTS

With the deal, New Jersey-based NICE Actimize looks to beef up its offerings to financial services institutions. Financial fraud prevention software and cloud company NICE Actimize has unveiled a deal to acquire Guardian Analytics.

Analytics 130
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Amid Changing Lifestyles, Homebuying To Continue Torrid Pace?

PYMNTS

Demographic shifts are playing a role as realtor.com noted that almost half of millennials, 49%, “pushed up their plans to buy” housing due to the pandemic. A survey revealed that about three-quarters of millennials surveyed are now working remotely. Home sales in that region were up more than 40 percent.

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New Report: A Merchant's How-To Guide To Reopening Retail Stores

PYMNTS

percent adding or upgrading their existing online order-ahead capabilities and 50.1 Fifty-three percent of millennials say the same, although this generation was likely using eCommerce in greater numbers than baby boomers and seniors already. As such, SMBs are embarking on eCommerce initiatives in record numbers.

Retail 169
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Amazon Tracker: Busy Week

PYMNTS

Currently, Amazon hopes to take advantage of recently loosened restrictions on foreign retailers in India by expanding its online grocery venture into the nation of some 1.3 Additionally, the grocery move will allow Amazon to better compete with local rival Flipkart, which also has its sights set on the online groceries, said Reuters.

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Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform to drive in-store and online sales. Goodwill organizations have worked with other tech companies to help sell their merchandise online. for sellers and buyers.

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Toys“R”Us CEO Sees A Better Future With Smaller Stores

PYMNTS

The brick-and-mortar experience of Toys“R”Us most millennials remember from childhood — with its massive supply and aisles upon aisles of toys — is looking likely to become a relic of a bygone era in retail. The selection at Walmart and Target is not as big.”.

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