Trove CEO: Consumers Look to Brands for Streamlined Resale Experiences

PYMNTS.com— Tired of proverbially picking their way through online resale marketplaces, consumers are looking for more streamlined secondhand shopping experiences that more closely resemble the ease and simplicity of buying new. In an interview with PYMNTS, Gayle Tait, CEO of Trove, a white-label resale platform for brands, said consumers are looking for branded secondhand shops to […]

Mobile World Live—Huawei consumer boss shifts from CEO to chairman. Huawei reportedly conducted a reshuffle at the top of its consumer business unit, with Richard Yu shifting from CEO to chairman and current COO He Gang taking the helm.

PYMNTS.com—Groupon: American Consumers Are Spending More on Experiences, Less on Products. As consumers step up their spending on travel and on local experiences, Groupon noted, they are pulling back on buying products. The eCommerce marketplace shared in an investor presentation accompanying its first-quarter 2024 financial results Thursday (May 9) that, with the exception of its “Goods” business — which sells retail products — its North American segment, which accounts for the bulk […]

CNBC—American Express CEO explains how the company is attracting younger consumers. American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.