The younger consumer boom Amex and luxury brands pursue Gen Z and millennials

Image for article The younger consumer boom Amex and luxury brands pursue Gen Z and millennials
News Source : Fortune

News Summary

  • American Express CEO Steve Squeri talks about enhancements to the company’s U.S. Consumer and Business Platinum Cards.
  • Dining was the fastest-growing travel and entertainment category in Q1 and Q2 this year for American Express.
  • “By 2030, Gen Z and millennials will make up over 70% of the market,” Scott Roe, CFO and COO of New York City-based Tapestry, parent of luxury brands Coach and Kate Spade New York.
Good morning. Winning customers who stay with a brand for decades has become an important strategy for financial institutions and retailers.For American Express, that means tailoring offerings to aff [+5225 chars]

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