PYMNTS

DECEMBER 24, 2019

Yet, instead of offering the option to pay now and buy later, the credit cards reversed the order of operation and allowed customers to buy now and pay later over time. According to a study cited by Afterpay, most millennial consumers buy fashion and beauty items more frequently than other items, such as books, entertainment or home goods.

Millennials 139

Millennials Branding Trends Retail 139

PYMNTS

SEPTEMBER 22, 2017

Though many retailers have assumed millennials are behind the trend toward highly digitized, online-focused shopping experiences, baby boomers might be the real culprits. In the Northeast, 25 percent more millennials visit multiple stores when bargain shopping than baby boomers.

Millennials 101

Millennials Retail Survey Online 101

PYMNTS

SEPTEMBER 30, 2020

Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. Luxury retailers are also targeting millennial and Generation Z consumers to expand their customer bases, with one report showing that millennials accounted for 35 percent of high-end retail purchases, for example.

Payments 279

Payments Millennials Retail Trends 279

PYMNTS

MARCH 8, 2019

News came this week, as noted across sites such as CNBC , that millennial homeownership has been creeping along. The pace might hint at a long-term trend that would see, we would wager, a glut if it doesn’t pick up. Millennials surpassed Generation X in terms of home-buying via dollars spent at the end of last year.

Millennials 109

Millennials Taxes Lending Regional 109

PYMNTS

DECEMBER 17, 2019

That trend promises to get even bigger in 2020. It said that 70 percent or more of millennials are involved in B2B buying decisions. “As Oyster Insurance, an insurance technology company, recently expanded operations into California, where it aims to support small businesses and startups with workers’ compensation services.

Millennials 135

Millennials Analysis Trends System 135

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

MAY 6, 2017

It’s been chronicled in these virtual pages that millennials are the driving force behind change – change in how payments are done, how banking is banked, how social media influences commerce (or doesn’t) and how shopping may become a hybrid of high touch across the digital and physical realms. Now that seems to be true even in fashion.

Millennials 101

Millennials Branding social media Operations 101

PYMNTS

OCTOBER 21, 2019

21), the latest commerce operator to be on the verge of extinction in this age of digital and mobile. though they also operate under such brands as Motherhood Maternity and Pea in the Pod stores. Larger Trends. Maternity sellers are certainly not immune to those larger trends. The company owns 458 stores in the U.S.,

Trends 101

Trends Retail social media Online 101

PYMNTS

JANUARY 28, 2021

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. All indicators suggest that these trends are only likely to continue to grow, however.

Innovation 187

Innovation Millennials Payments Mobile 187

PYMNTS

DECEMBER 26, 2019

Not the least of it involved artificial intelligence (AI), a big trend going into the 2020s. They’re counting the proportion or number of millennials and Generation Z shoppers at a store, and counting the number of Instagram-popular fashion brands in a store. Change came from various areas for retail in 2019.

Retail 132

Retail Trends Analytics social media 132

PYMNTS

MARCH 16, 2016

Whole Foods and other retailers capitalizing on the at-home health food craze were able to get out in front of millennial eating trends — or, at least, start riding at the crest of the wave. The pilot store will be operating on extended hours, opening four hours earlier at 7 a.m. ” Hang out they’ll have to.

Millennials 100

Millennials Alabama Branding Texas 100

ATM Marketplace

JULY 13, 2018

Millennials — the "experiential" generation — have been steering away from large, corporate brands and toward smaller, less well-known companies that reflect their values. This "reverse branding" trend presents three distinct opportunities for ATM operators.

Millennials 54

Millennials ATM Branding Trends 54

PYMNTS

SEPTEMBER 27, 2020

Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations.

Leadership 302

Leadership Millennials Retail Study 302

Perficient

APRIL 14, 2022

With the rise in vaccination rates and a hopeful return to a “new normal,” it won’t be possible to put the genie back in the bottle and return to legacy operations. population is considered millennial or younger as of July 2019), the demand for personalization in the commerce experience grows. Leveraging Data Responsibly .

Strategy 332

Strategy Tools Industry Customer Experience 332

PYMNTS

NOVEMBER 9, 2020

But expectations have changed dramatically, and shrewd physical store operators need to respond accordingly. 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.”. With the U.S.

Retail 261

Retail Millennials Online Tools 261

PYMNTS

JANUARY 16, 2020

As the travel industry shifts into higher digital gear, and increasingly responds to the needs and desires of new consumer groups — millennials and Gen Z among them — some players are getting left behind and making their way into the history books. Larger Travel Trends. That’s the general case with travel search startup Hipmunk.

Millennials 142

Millennials Meeting Innovation Mobile 142

FICO

JUNE 22, 2022

6 Digital Transformation Trends Highlighted at FICO World 2022. From BNPL to automated decisions with a human face, digital transformation trends are changing the way businesses work. Innovation in digital transformation and emerging trends were firmly front-of-mind this year at FICO World 2022. Tue, 07/02/2019 - 02:45.

Trends 52

Trends Data Customer Experience Analytics 52

PYMNTS

FEBRUARY 18, 2020

Some operations like Chipotle are even rolling out store designs that feature pick-up windows to let order-ahead diners collect their items without having to enter the restaurant. The February Order To Eat Tracker® details the latest trends in delivery as well as new digital approaches that QSRs are taking to appeal to modern consumers.

Millennials 232

Millennials Trends Strategy United States 232

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. million people in the U.S., Generation Z.

Retail 147

Retail Millennials Study Trends 147

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. What the pandemic did, he said, was just take consumer trends that were already developing and send them into overdrive.

US 206

US Retail Millennials Trends 206

PYMNTS

DECEMBER 11, 2019

To learn more about these and other stories, visit the Playbook’s News & Trends section. Why Travel Firms Need To Cater To Millennial Payment Preferences. Millennials have a different take on travel than previous generations. Outdoorsy Discusses How Buyer, Seller Pay ments Are Changing The Sharing Economy.

Marketing 132

Marketing Millennials social media Case Study 132

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Are SMBs Ready For EMV?

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

APRIL 9, 2019

Retail innovation labs – incubators or tech hubs – aren’t confined to operations run by the likes of Amazon or Walmart. The company already had operated an innovation facility in Japan. Located in Dallas, the 7-Eleven lab store is designed so that customers can test and purchase the newest innovations from the retailer.

Innovation 155

Innovation Millennials Dallas Retail 155

PYMNTS

AUGUST 9, 2018

Consumers aren’t digital novices anymore, and they keep expecting more from eCommerce operators. The emerging trend of “ contextual commerce ” means serving up seamless shopping experiences for such consumers, who bring a product-discovery mindset to online activities whose primary purpose might not be shopping.

Millennials 101

Millennials social media Exercises Retail 101

PYMNTS

APRIL 29, 2020

Millennials carry two fewer credit cards than their Generation X counterparts, for example, and are the single-largest demographic group using BNPL solutions. million customers found that 65 percent were millennials or in the Generation Z demographic, and that a majority of its user base lived in metropolitan areas with high costs of living.

Payments 175

Payments Millennials Cards Retail 175

PYMNTS

MAY 19, 2020

That trend was particularly pronounced among older “bridge millennials,” who on average owned six separate connected devices, not counting their phones. According to PYMNTS’ latest consumer data on the subject, 47 percent of millennials have shifted their routines online, while 45.1 percent of bridge millennials have done so.

Technology 205

Technology Millennials Retail Report 205

PYMNTS

DECEMBER 20, 2019

Grocers are stepping up their digital game, and the trends in play now promise to become even larger in the new year. In a feature story , PYMNTS spoke with Eric Lorenz, vice president of finance operations for Priceline, about how the company leverages artificial intelligence (AI) to promote seamlessness as well as security.

Fraud 100

Fraud Trends Payments Retail 100

NCR

FEBRUARY 16, 2016

And there’s no better way to target Millennial entrepreneurs than with the technology they crave to help them in their business pursuits. More than any other generation, Millennials experience life, work and business through technology and they expect seamless interactions regardless of location.

Millennials 40

Millennials Study Retail Community Bank 40

CB Insights

OCTOBER 24, 2018

Here’s what you should know about the POS lending trend. Millennials in particular struggle with credit cards — recent studies find that 3 in 5 millennials carry credit card balances month to month, while 45% don’t know the interest rate on their card. Affirm appears to be growing, based on hiring trends.

Millennials 65

Millennials Lending Cards Capital 65

NCR

NOVEMBER 9, 2017

A similar trend was identified with alternative means of payment. For example, 59 percent of millennials have made a peer-to-peer (P2P) digital payment via a mobile device, compared with just 34 per cent of adults across all age groups. The post Has the phone replaced the branch for millennials? Image: iStock/diego_cervo.

Millennials 40

Millennials Mobile Maine Survey 40

PYMNTS

JANUARY 20, 2020

New evidence of that — part of the broader trend of the existential changes in the world of brick-and-mortar retail, changes that are gaining more focus this month — comes from reports that stationery chain Papyrus is closing up shop. Millennials to the Rescue. The move has much more to do with the decline of handwriting, of course.

Retail 183

Retail Millennials Cards social media 183

PYMNTS

AUGUST 19, 2019

Don’t count out older consumers when it comes to mobile commerce – that’s one trend going forward into the 2020s that is important as the population continues to age. Millennials and bridge millennials use apps most frequently for planning in-store purchases – 47.9 percent and 42.8 percent, respectively.

Mobile 179

Mobile Millennials Retail Online 179

PYMNTS

DECEMBER 21, 2020

“This has been one of the most important initiatives that our team has worked on and we are excited to be able to offer this convenience and service to all of our customers,” said Esther Castelo , vice president, H-E-B Digital Commerce Operations. According to data from PYMNTS, millennials accounted for 32.9

Texas 161

Texas Millennials Trends Mobile 161

PYMNTS

NOVEMBER 16, 2017

It operated out of its first volunteer president’s home for its first five years before moving to a rented office in 1913, later relocating to its own building in 1930. From Mill Workers to Millennials. CUs that are invested in millennial expectations will have an edge over their community competition, he said. “We

Millennials 101

Millennials US New Hampshire Resources 101

PYMNTS

NOVEMBER 3, 2020

Schools and universities will be allowed to continue to operate, but all bars and restaurants must close except for takeout and delivery. Moreover, the data show consumers are varying how they make those commerce connections from home — and trending more toward leveraging voice technology than they ever have before. The current U.K.

Millennials 146

Millennials Data Study Survey 146

PYMNTS

JANUARY 21, 2020

Bigger Trends. That deal reflects larger and longstanding trends in travel in general, and T&E in particular. According to the latest PYMNTS Commerce Connected Playbook , for example, millennials can comprise 20 percent of travelers around the world depending on the type of travel involved. Other Areas of Change.

Innovation 101

Innovation Millennials Trends Examples 101

PYMNTS

AUGUST 9, 2019

Automating interactions with consumers, of course, translates into fewer staff needed at, say, call centers or onsite in a brick-and-mortar setting, trimming retailers’ operating costs. 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