In today’s retail news, buy now, pay later (BNPL) payments provider Klarna has teamed up with About You to provide German and Swiss shoppers with a BNPL payment option. Plus, Shopify and Strike are partnering to bring bitcoin payments to global merchants.
DSW Parent Designer Brands Wants to Double Sales by 2026
Designer Brands is planning to double the sales of its brands by fiscal year 2026 by maintaining its relationships with its partners, who rely on the company’s omnichannel capabilities to assist them in its direct-to-consumer (D2C) pursuits, according to a press release.
“Designer Brands’ mission to inspire self-expression is supported by our integrated organization, and this will meaningfully grow shareholder value over the long term,” CEO Roger Rawlins said in the release.
Resale Trend Expands Into Kids’ Apparel
Childrenswear subscription service Dopple became the latest entry into the growing resale sector, which is expected to experience a boon as people suddenly find themselves paying more for gas and food than ever before.
Resale platform thredUP projects resale will reach $77 billion by 2025. That projection says half of mothers with young children plan to spend more on secondhand clothing in the next five years than they have in the past.
Klarna, About You Partner on Easy-Return eCommerce in Germany and Switzerland
Sweden-based payments services provider Klarna this week announced a deal with European eCommerce firm About You that will allow customers in Germany and Switzerland to use the “Pay Later 30” payment option.
About You operates a website and app that the company says provide customers with “personalized shopping experiences.” With 400,000 items from more than 2,000 brands, the company’s sites and apps draw “more than 30 million monthly active users,” according to the news release.
Shopify, Strike to Allow Bitcoin Payments
Payments network Strike announced its integration with Canadian eCommerce platform Shopify, which will allow global merchants to accept bitcoin payments. Strike Founder and CEO Jack Mallers noted that the Strike-Shopify integration will also include offline merchants, including Walmart, McDonald’s and many others across the U.S.
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