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Articles on Buy Now Pay Later

  1. Shopper & Customer

Top Marks: How Retailers Can Stay One Step Ahead of Savvy Back-to-School Shoppers

For many retailers, the back-to-school season is one of the biggest events of the year — and 2023 is looking to be no exception. According to the National Retail Federation (NRF), total expected spending will be $890 per U.S. household for back-to-school shopping in 2023, for a total of $41.5 billion. Back to college looks to […]
4 min read
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  1. Data & Insights

6 Consumer Trends Shaping 2023 Holiday Shopping

Upcoming days to look forward to – Halloween, Thanksgiving, Black Friday, Cyber Monday, Christmas, Boxing day and New Year’s – which only means one thing for the e-commerce stores. THE BUSIEST SHOPPING SEASON OF THE YEAR. 59% of US consumers planning to shop online this year, and 63% of consumers are planning to spend more […]
5 min read
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  1. Channel: Ecommerce & Digital

Amazon Pay Adds BNPL Option for Prime Visa and Amazon Visa Cardholders

Prime Visa and Amazon Visa cardmembers can now make equal monthly payments for items they purchase on tens of thousands of participating online retail sites when they use Amazon Pay. Consumers will be able to split payments across six or 12 months at 0% APR on purchases of $50 or more. Eligible Prime Visa and […]
< 1 min read
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  1. Shopper & Customer

A cross-border spotlight: How to market to the Canadian Gen Z audience

It’s not an easy time for anyone to be navigating the world right now – what with economic, social and environmental headlines constantly reminding us of the instability of things. It’s even more difficult for Gen Zs; individuals who have experienced setbacks and missed out on milestones thanks to the pandemic but still need to […]
4 min read
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  1. Trends & External Forces

Fraud is Taking a Financial Toll on the Retail Industry

The retail industry is impacted by fraud every day — and oftentimes every hour — as incidents continue to run rampant. Bad actors infiltrate both small and large businesses regularly, resulting in billions of dollars in losses for retailers each year. In fact, fraud cost Americans nearly $8.8 billion in 2022, with 2.4 million consumers […]
3 min read
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  1. Retail Operations

Sweaty Betty deploys NewStore mobile first omnichannel platform in UK and Ireland stores

Sweaty Betty has rolled out NewStore’s mPOS solution in 73 stores across the UK and Ireland. By replacing its legacy PoS with this tech, the London-based brand now runs its retail operations entirely on iPhone, laying the groundwork for its omnichannel transformation.  “Sweaty Betty has quickly grown from a small London boutique to an international […]
2 min read
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  1. Channel: Ecommerce & Digital

Amazon Sees Record-Setting Prime Day Sales

The Seattle Times reports that “Amazon marked its largest sales day ever Tuesday, the start of a two-day Prime Day sales event that saw shoppers spend billions to buy more than 375 million items, the tech and e-commerce giant said Thursday after the sale ended.  “Prime Day spending in the U.S. clocked in at $12.7 […]
2 min read
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  1. Channel: Ecommerce & Digital

Prime Day 2023 Marks Biggest Day of Sales in Amazon History

July 11, 2023, the first day of Amazon’s annual Prime Day sale, was not just the largest single sales day in Amazon’s history, it was also the biggest day for ecommerce sales thus far this year, according to Adobe. Data from Adobe Analytics showed that U.S. consumers spent a total of $12.7 billion over the two-day event, up […]
2 min read
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  1. Channel: Ecommerce & Digital

Prime Day 2023 Marks Biggest Day of Sales in Amazon History

July 11, 2023, the first day of Amazon’s annual Prime Day sale, was not just the largest single sales day in Amazon’s history, it was also the biggest day for ecommerce sales thus far this year, according to Adobe. Data from Adobe Analytics showed that U.S. consumers spent a total of $12.7 billion over the two-day event, up […]
2 min read
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  1. Data & Insights

Retail Traffic Trends #131: The Next Big Hurdle

The accessibility of AI tools like ChatGPT has empowered individuals worldwide, revealing the remarkable capabilities of these tools. From answering questions and crafting poetry to generating texts in the styles of renowned authors and facilitating translation, the possibilities seem endless.  This week we look at how new technologies have the potential to have unique use-cases […]
2 min read
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  1. International

UK mobile network giant EE seeks to reinvent retail with new Studio store launch at Westfield London

EE is this week opening a new flagship store, The EE Studio, located in Westfield London, White City. Focused on connectivity and technology solutions, the 4,230-square-foot location will also serve as a hub for the local community to work, learn and play.   The launch forms part of EE’s new strategy, which, the company says, “seeks […]
2 min read
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  1. Trends & External Forces

Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries. That sense of unease is to be expected from a cohort shaped by both the 2008-2009 Great Recession and the COVID pandemic, and it’s had a big […]
4 min read
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  1. Shopper & Customer

What Consumer Spending is Signaling to Retailers

How consumers spend their money through the holidays can often be a bellwether for trends in the months and years to come. With that in mind, the SpendTrend team at Fiserv took a deep dive into consumer spending patterns from Q4 of 2022. It found that increases in credit usage, contactless payments, and omnichannel interactions […]
3 min read
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  1. Trends & External Forces

Klarna and Block hit out at ‘outdated’ BNPL regulation

The UKs plan to regulate the buy now, pay later (BNPL) industry is “outdated” and will only lead to worse consumer outcomes, according to two execs at Klarna and Block.… The post Klarna and Block hit out at ‘outdated’ BNPL regulation appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Trends & External Forces

Rite Aid, Swarovski and Others Add BNPL Options as Adoption Grows

Rite Aid has partnered with Afterpay to offer buy now, pay later (BNPL) services for its customers at more than 2,000 locations. The pharmacy joins other recent Afterpay partners, including Boden, Fresh, Lulu and Georgia, Quince, Swarovski and Wolverine Worldwide in launching or expanding payment over time choices. “Expanding our partnership with Afterpay allows more […]
< 1 min read
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  1. Trends & External Forces

Apple Launches Long-Awaited BNPL Offering

Apple has begun the pre-release of its new Pay Later offering, which was first announced at the company’s developers’ conference in June 2022. Pay Later — which will let users split purchases into four payments spread over six weeks with no interest and no fees — is now available for some randomly selected Apple Wallet […]
3 min read
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  1. Shopper & Customer

Buy Now, Pay Later: What Is It & How Does It Work

Picture this: a shopper is doing some browsing online and adds something a little pricey to their cart. It’s an item that they’d really like to have, but it’s not quite a necessity. They get this close to completing their purchase, but there’s something stopping them—it’s just too big of an expense right now. This […]
5 min read
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  1. Shopper & Customer

The Rise of The Digital Gift: How Retailers Can Adapt to a New Future

The past few years have thrust digital shopping into the spotlight and it’s a trend that’s here to stay. The 2022 holiday season was no different, as shoppers continued to purchase online goods and gift cards for their loved ones, providing valuable insights on the emerging ways consumers are approaching gifting across channels. Retailers looking […]
3 min read
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  1. International

Buy now, pay later, but at what consequence? 

Buy now pay later (BNPL) services have grown in popularity since they were first introduced in 2016, with almost 4 in 10 Brits having utilised them as a means of cutting immediate purchase costs. In fact, these services have embedded themselves in consumer consciousness so much so that 9.5 million shoppers would avoid buying from retailers that […]
< 1 min read
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  1. Data & Insights

How Rainbow Shops is Improving its Online CX

David Cost has a voracious appetite for innovative technology that turns online shopping into a sublime event. The vice president of e-commerce and marketing for fast-fashion retailer Rainbow Shops pays close attention to traditional e-commerce metrics. However, his guiding benchmark is singular — experience. Sure, the portion of site visitors who end up buying something is important […]
4 min read
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  1. Data & Insights

Retail Traffic Trends #114: How Gamification Can Help Retailers Boost Sales

Over the last year or two, we have seen gamification and digital assets such as NFT’s skyrocket in growth.   Now, the retail industry is using gamification and digital trends to help build customer loyalty and increase the customer experience.   This week we talk about how brick-and-mortar stores are using touches of digital to […]
2 min read
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  1. Shopper & Customer

5 Secrets to Keeping Customers Loyal Amidst Economic Uncertainty

Whether it’s the loss of third-party tracking or a new Google algorithm update, marketers always have a new challenge to face. Today, that challenge is inflation. An overwhelming majority (85 percent) of consumers say inflation has caused them to change their shopping habits, with 79 percent seeking out discounts and 77 percent reducing their shopping. […]
4 min read
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  1. Trends & External Forces

Government announces long-awaited crackdown on BNPL firms

The UK Government has released draft legislation to clamp down on the booming buy now pay later (BNPL) sector, in an effort to protect consumers from potential harm. The draft… The post Government announces long-awaited crackdown on BNPL firms appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Trends & External Forces

Frasers Group: Why is the retailer investing in BNPL?

Last week, Frasers Group revealed its plans to launch its own buy now pay later (BNPL) scheme, which could allow shoppers to borrow up to 2,000 pounds when spending with… The post Frasers Group: Why is the retailer investing in BNPL? appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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  1. Trends & External Forces

BNPL is picking up more momentum

BNPL is picking up more momentum, making regulation even more urgent. Set against uncertain economic times and consumer belt-tightening, it is no surprise that Buy Now Pay Later (BNPL) adoption is expanding steadily, with forecasts suggesting as much as 18% growth between now and 2028.  Consumers like the flexibility of BNPL, allowing them to purchase […]
< 1 min read
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  1. Corporate Finance

Frasers Group launches BNPL financial solution

Frasers Group has launched buy now, pay later (BNPL) product through its new “Frasers Plus” scheme. Shoppers are able to divide their purchases into three, interest-free instalments paid over the… The post Frasers Group launches BNPL financial solution appeared first on Latest Retail Technology News From Across The Globe – Charged.
< 1 min read
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Hy-Vee launches RedMedia omnichannel retail media network

Hy-Vee launched the full-scale version of its retail media network, called Hy-Vee RedMedia, at the Groceryshop 2023 conference this week in Las Vegas. The West Des Moines, Iowa-based retailer described the platform as a disruptor in the retail media landscape that will connect brands directly with Hy-Vee’s customer base across multiple platforms, including both online […]
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Instacart stock languishes after IPO

Instacart saw its share price erode in the two days following its initial public offering, after it rose 12.7% in its first day of trading on the NASDAQ exchange. The stock settled down to just slightly over its IPO price of $30 per share on Wednesday, its first full day on the exchange, then ranged […]
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Retail Media Metrics

#30DaysofRetailMedia | Day 21: Retail Media Metrics Metrics help brand advertisers measure retail media effectiveness. Key performance indicators (KPIs) span the full marketing funnel, as consumers can enter anywhere. Brand advertisers: 🎯 Choose KPIs according to their objectives📊 Measure baseline results for meaningful comparisons🌟 Review their metrics for data insights to optimize their processes and […]
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  1. Holiday & Events
  2. Trends & External Forces
  3. Holiday & Events

The big chill: Holiday retail sales 2023 expected to slow

Experts predict slow growth in 2023 holiday sales as consumers tighten their belts in a tough economy, but e-commerce will remain a bright spot. Stores are filling with displays of holiday decorations and holiday-themed merchandise as retailers eagerly prepare for the annual shopping surge, but consumers may not be as excited. Forecasts for 2023 holiday […]
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