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Enticing Millennials With Experiences Using ?Neighborhood Goods?

PYMNTS

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.

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COVID Case Spike Adds Fuel To Digital-First Economy

PYMNTS

This time, however, retailers and restaurants have upped their digital game instead of being caught flat-footed as they were at the beginning of the pandemic. percent of all shoppers planned to shift their retail shopping from in-store to online. percent who plan to maintain some or all of their newfound retail shopping habits and 80.1

El Paso 226
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Welcome To The New C-Store Innovation Game

PYMNTS

Retail innovation labs – incubators or tech hubs – aren’t confined to operations run by the likes of Amazon or Walmart. A new lab store from 7-Eleven underscores the innovation wave that is taking place in the convenience store sector of retail – a sector ripe for change, disruption and growth. Innovation Lab Growth.

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TGI Fridays, Fast Casual Food To Cater To Millennial Expectations

PYMNTS

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. Look no further than TGI Fridays’ experimental store redesign for a new location in Corpus Christi, Texas, that opened on Monday (March 7).

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Robinhood's Newest Funding Round Grows To $660M

PYMNTS

The new funding is an outcropping of the Series G round unveiled in August for the firm, which is said to have helped millennials become interested in trading. At the time, Robinhood said it intended to bring “hundreds” of financial services personnel onboard in 2020 in Tempe, Arizona and Southlake, Texas.

Arizona 178
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Retail Pulse: DSW Expands In-Store Experiences; L Brands Plans Store Closures

PYMNTS

Brick-and-mortar fashion retailers are developing in-store experiences to encourage customer loyalty. markets, aiming to generate repeat visits as part of its experiential retail efforts. Austin, Texas; and Dublin, Ohio. The retailer, which has 1,143 stores globally, closes an average of around 15 stores annually.

Branding 129
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JPMC Data: Economy Looks To Be Stalled

PYMNTS

The numbers include a rise in spending at supermarkets and wholesale retailers, while other places like restaurants, gas stations and hotels had sharp declines, according to CNBC. Age was also a factor, with millennial and Generation Z consumer spending down 4 percent and baby boomer spending down as much as 18 percent.

St. Louis 146