PYMNTS

MARCH 30, 2020

Consumers shopping in droves via eCommerce channels is hardly a piece of breaking news — for the better part of a decade, that has been obvious to anyone watching the retail space. They are, Fiserv Senior Vice President of Retail Solutions John Nicola told Karen Webster in a recent conversation — and in great numbers.

Retail 177

Retail social media Millennials Branding 177

PYMNTS

NOVEMBER 22, 2019

That fundamental difference in what counts as a best-case scenario has caused millennials to turn away from revolving credit products, Afterpay Co-founder and CEO Anthony Eisen told PYMNTS in a recent conversation. That means the platform refers a substantial amount of business to the retailers with which it works. 1, 2020.

Millennials 158

Millennials Retail Tools Branding 158

PYMNTS

MARCH 6, 2019

Writ large, the unattended retail model can be thought of, too, as an unattended payments model, where everything revolves around an authenticated user wielding a registered payment credential — two components that, once in place, can truly take advantage of an omnichannel experience. The Partnership Model.

Retail 148

Retail Payments Online Course 148

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

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

FEBRUARY 6, 2020

and has attracted more than 3,000 retailers to its partnerships. Sykes believes the attraction of online companies and uber-retailers it simple at one level. Klarna has melded New York Fashion Week glitz with experiential retailing this year. The changes in fashion retail are being driven by three dynamics.

Retail 142

Retail New York Branding Millennials 142

PYMNTS

MAY 24, 2016

Millennial moms have been written about fairly exhaustively. Millennials, that precious group of consumers aged 18-34, are no longer merely a trendy demographic. That’s right, according to science, if the holiday wasn’t Mother’s Day, rest assured that someone’s mom probably bought the present for it.

Millennials 100

Millennials Portland Retail Study 100

PYMNTS

DECEMBER 24, 2019

All that’s left now, more or less, is the rush of returns that will all but overwhelm some retailers. Sneakers, of course, are always popular,” and that popularity looks likely to hold well after the 2019 holiday shopping season — thanks to the preferences of younger shoppers, including millennials and Generation Z. Top Sellers.

Millennials 139

Millennials Branding Trends Retail 139

PYMNTS

NOVEMBER 27, 2018

Convenience store operators would be wise to pay close attention to the purchasing habits of a certain subset of consumer: the Bridge Millennial — the first generation of connected consumers with spending power. Building A Better Bridge Millennial Gas App. For C-Stores, An Opportunity To Woo Bridge Millennials.

Millennials 130

Millennials Mobile Payments Survey 130

PYMNTS

DECEMBER 2, 2020

Driven by the pandemic’s push that has sparked a massive surge in online traffic and purchasing, the rise in gift card giving, validated by PYMNTS research, suggests that Americans are clearly embracing their new digital lifestyles especially when it comes to giving presents. Bridge millennials and Gen Xers led the way, with a 35.7

Cards 160

Cards Retail Study Survey 160

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 12, 2019

The obituary for brick-and-mortar retail has been written many times. About 20 percent of those surveyed said they would probably return upwards of 50 percent of their presents. Retailers need to seize the moment when shoppers return gifts. The youngest generation, Gen Z , will return the most presents. Mall Trends.

Retail 131

Retail Milwaukee New York City New York 131

PYMNTS

JANUARY 12, 2021

This means financial institutions (FIs) have had to tread carefully to vet potential recipients, assess the risks they present and disburse loans with the necessary speed. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239

PYMNTS

JANUARY 28, 2019

The bridal industry has been a rapidly shifting place of late, because the up-and-coming generation of millennials (presently the most marrying demographic) tend to think about – and shop for – their nuptial experiences a bit differently than their counterparts in previous generations. David’s Bridal entered bankruptcy last fall.

Retail 129

Retail Millennials Industry Online 129

PYMNTS

AUGUST 17, 2017

It can be argued that some of the toughest buyers to keep in mind when planning out retail strategies are teenagers. While one day a teen may be into shopping strictly online, another day may see an offline preferred experience or a mixture of both, and retailers must be at the ready to transform engagement efforts at any given time.

Retail 127

Retail social media Online Mobile 127

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 Payments 118

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

DECEMBER 18, 2018

It’s easy to get swept up in the retail apocalypse narrative. With historic retailers like Toys R Us and Sears shutting their doors after more than 100 years in business, and reports of “sad Santas” in empty malls, it’s hard to not take a rather dim view of physical retail’s prospects at present. Time Is The New Coupon.

Retail 140

Retail Millennials Online User Experience 140

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

JANUARY 28, 2020

And in the world of retail, those choices — about where to invest — are becoming harder and colder for some executives as they try to figure out where commerce is going in the next few years, and what is worth putting fresh money into. Kohl’s CEO Michelle Gass recently presented an optimistic view. More Consumer Appeal.

Retail 131

Retail New York City Exercises New York 131

PYMNTS

SEPTEMBER 3, 2020

Of course, large retailers, too, are continuing to invest in accelerating their investments in their digital experiences. For members of the millennial or Generation Z cohorts who are comfortable in the app world, payment preferences boil down to choice and control. As he told PYMNTS, “Payments behavior is generational.”.

Payments 262

Payments Security Millennials Retail 262

PYMNTS

JANUARY 3, 2017

Retail is a dog-eat-dog world, operating at times on the thinnest of margins. There are so many levers to engage consumers” in rewards, said Wind, and whether it is tied specifically to a card or merchant, additional leverage can come through email marketing campaigns or percentage-off programs at retailers. credit cards, 1.3

Retail 137

Retail UX Cards Branding 137

PYMNTS

AUGUST 17, 2017

It can be argued that some of the toughest buyers to keep in mind when planning out retail strategies are teenagers. While one day a teen may be into shopping strictly online, another day may see an offline preferred experience or a mixture of both, and retailers must be at the ready to transform engagement efforts at any given time.

Retail 114

Retail social media Online Mobile 114

PYMNTS

NOVEMBER 4, 2019

According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017. The rise of mobile commerce and selling of digital goods has added to retailers’ fraud problems. In fact, North America’s top 1000 online retailers have sold $143 billion worth of goods to customers outside the U.S.,

Fraud 124

Fraud Retail Online Study 124

PYMNTS

DECEMBER 3, 2019

About 20 percent of those surveyed said they would probably return upwards of 50 percent of their presents. Retailers need to seize the moment when shoppers return gifts. The youngest generation, Gen Z , will return the most presents.

Survey 136

Survey Retail Millennials Online 136

PYMNTS

APRIL 24, 2017

The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. For a time, it seemed as though the brand might be going public, but plans have apparently changed in light of the changing state of brick-and-mortar retail in the U.S. and yes, this looks like card data breach.

Millennials 109

Millennials Cards New York Branding 109

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. Many presenters discussed developing non-traditional revenue streams. Presentations focused on targeted marketing for “moneyhawks” , new P2P models (e.g. Presenters proposed some solutions.

Conference 100

Conference Retail Community Community Bank 100

PYMNTS

JUNE 25, 2018

The Amazon Prime program at Whole Foods also works by linking a mobile number presented at checkout. For the Bridge Millennials — those aged 30 to 40 years old who are the first generation of connected consumer with spending power — they barely register. As one of the 90 million U.S. Both placed near the bottom of the list.

Retail 156

Retail Branding Online Millennials 156

PYMNTS

JANUARY 20, 2020

In this case, it provided a really great opportunity to work closely with their whole team, and to learn about the impact of influence-based businesses on retail.”. The company had come a long way from its launch in 2014, when it had about 10 retailers signed on to offer Afterpay as a payment option during checkout.

US 157

US Millennials Retail Marketing 157

PYMNTS

DECEMBER 10, 2020

With providers such as Bill Me Later / PayPal Credit, Afterpay, Affirm, Klarna and FuturePay all vying for a larger slice of the BNPL pie, as well as further availability through retailers online and in-store, it's no wonder why this payment choice is on the rise. percent of consumers who currently use BNPL plans.

Study 173

Study Millennials Survey Online 173

PYMNTS

NOVEMBER 20, 2018

New research from PYMNTS, presented in the Paying At The Pump Report: Driving Gas Pump Payments To The C-Store , a GasBuddy collaboration, finds consumers who use a mobile app during their gas run are much more likely to continue shopping inside the station’s convenience store (c-store). C-stores Seek Their Own ‘Starbucks Effect’.

Millennials 177

Millennials Data Mobile Report 177

PYMNTS

OCTOBER 20, 2020

A recent PYMNTS study found that more than two-thirds of consumers see rescuing Main Street physical retail linked to the economic vitality of their local communities. Home is the center of our world at present, and anything misaligned with that ‘home as digital command center’ ethos courts danger.

Maine 221

Maine Retail Branding Study 221

NCR

APRIL 18, 2017

Research has suggested that the answer to that question is a resounding ‘yes’, particularly among the millennial generation. As important as new technologies and digital convenience are, the concepts that millennials value most are freedom and choice. This is particularly true when it comes to their financial affairs.

Millennials 75

Millennials ATM Phoenix Study 75

PYMNTS

JUNE 10, 2016

E-Commerce Jeremy Lewis made his pitch for mobile for retailers, saying that it’s no longer optional because it is undeniably the future. He further noted that 70 percent of all retail traffic during holiday 2015 online didn’t come from computers, but from mobile devices. Mobile isn’t a thing. It’s the thing,” Lewis said.

Retail 100

Retail Mobile Video Chicago 100

PYMNTS

MAY 15, 2018

Millennial is now a generational definition that encompasses both those just leaving their parents’ home and entering college, and those paying a mortgage on their house and worrying about paying for their kids’ college. They are the present. 30-40 : The age range of the bridge millennial consumer group.

Millennials 119

Millennials Online Groups Innovation 119

PYMNTS

FEBRUARY 29, 2016

Last week, Sears CEO Edward Lampert got personal as he went into detail about the retailer’s continuing woes and the challenges it (and many other “old-line” retailers like it) face in a rapidly changing industry. According to a new projection from National Retail Federation, retail sales are estimated to grow just 3.1

Retail 100

Retail Branding Taxes Operations 100

PYMNTS

JULY 31, 2019

s largest convenience food retailers, Co-op has more than 2,600 stores and fuel sites across the country. especially in urban areas and among millennials,” said Andrew Quartermaine, vice president, ACI Worldwide. retailer to introduce both chip-and-pin and contactless cards in the U.K. One of the U.K.’s

Retail 139

Retail Mobile Millennials Operations 139