By Hannah Lang (Reuters) -The long-awaited New York listing of Stockholm-based buy now, pay later (BNPL) giant Klarna on Wednesday has once again shone a spotlight on the installment plans which have ballooned in popularity among U.S. shoppers in recent years. BNPL exploded as the COVID-19 pandemic forced more shoppers online, driving $82.4 billion in…
Earlier this month, I went thrifting, a habit many Gen Zers prefer over buying new. But as I flipped through the racks, I noticed prices have been creeping up. I pulled out a yellow tank top, likely from the late 2000s, cotton, and slightly worn. The price? $13. By comparison, Shein sells a nearly identical…
The company on Wednesday (June 18) announced plans to launch an “unlimited” phone plan in the U.S. in the weeks ahead before bringing it to the U.K., Germany and other countries. “Klarna has saved consumers time and money, and reduced financial worry for over 20 years,” Sebastian Siemiatkowski, CEO and co-founder of Klarna, said in a news release….
Fashion retailer Revolve Group will soon enable its customers in the U.S. to use Affirm to pay over time. The retailer will add this payment method in the U.S. in the coming days, both online and in its mobile app, and plans to then expand it to its customers in Canada and the U.K., the…