Afterpay Now Available at DICK'S Sporting Goods Just In Time For The Holiday Season

Rhea-AI Summary

Afterpay (ASX: APT) announced a partnership with DICK'S Sporting Goods to provide flexible payment options during the holiday season. This comes amid a 442% increase in in-store orders during Black Friday, highlighting a consumer shift towards 'Buy Now, Pay Later' services. Afterpay's service allows over 20 million North American users to split payments into four interest-free installments. The partnership aims to enhance shopping experiences, especially for engaged young consumers seeking quality sporting goods.

Positive

• 442% increase in in-store orders during Black Friday year-over-year.
• Partnership with DICK'S opens new opportunities to engage young shoppers.
• Afterpay allows consumers to pay in four interest-free installments, promoting responsible spending.

Negative

• None.

NEW YORK, Dec. 14, 2021 /PRNewswire/ -- Afterpay (ASX:APT), the leader in "Buy Now, Pay Later" (BNPL) payments, today announced its latest partnership with DICK'S Sporting Goods, Inc. ("DICK'S") to offer flexible payments on both its in-store and online channels.

This holiday season, consumers have been jumping at the chance to not only shop, but to shop in-person again. With BNPL becoming a preferred payment method, Afterpay insights across its merchant partners found 442%¹ more in-store orders year-over-year during Black Friday. In addition, Afterpay has found that omnichannel customers shop four times more frequently than online-only customers.² The partnership between DICK'S and Afterpay has opened up a key opportunity area for customers to access high-quality sporting goods no matter what channel they shop through.

"When the pandemic prompted a surge in recreational activities, the time was right to bring on DICK'S high-quality sport products to Afterpay shoppers. Consumers can get the equipment they need for their new year fitness goals, while spreading payments out in four easy installments," said Zahir Khoja, General Manager of North America at Afterpay. "Afterpay is excited to partner with DICK'S and enable their portfolio of world class sports brands to reach a group of engaged young shoppers who want to spend responsibly."

More than 20 million North American consumers use Afterpay at nearly 100,000 of its merchant partners to spend flexibly on both online and in-store payments.³ At no cost to the user, shoppers can use Afterpay to spread their payments out in four installments over the span of six weeks, without incurring fees to use the service or revolving debt.⁴

About Afterpay Limited
Afterpay Limited (ASX: APT) is transforming the way we pay by allowing customers to buy products immediately and pay for their purchases over four installments, always interest-free⁵. The service is completely free for customers who pay on time - helping people spend responsibly without incurring interest. As of June 30, 2021, Afterpay is offered by nearly 100,000 of the world's favorite retailers and more than 20 million customers have signed up in North America alone⁶.

Afterpay is currently available in Australia, Canada, New Zealand, the United States and the United Kingdom, France, Italy and Spain, where it is known as Clearpay. Afterpay is on a mission to power an economy in which everyone wins.

1 Based on Afterpay's US merchants Black Friday sales
2 Based on Afterpay's global merchants sales data
3 Figures released in FY 2021 results
4 Late fees may apply. Eligibility criteria apply. See afterpay.com for full terms.*
5 Late fees may apply. Eligibility criteria apply. See afterpay.com for full terms.*
6 Figures released in FY 2021 results

 

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SOURCE Afterpay

FAQ

What is Afterpay's recent partnership announcement?

Afterpay announced a partnership with DICK'S Sporting Goods to offer flexible payment options during the holiday season.

What percentage increase did Afterpay see in in-store orders during Black Friday?

Afterpay experienced a 442% increase in in-store orders year-over-year during Black Friday.

How many users does Afterpay have in North America?

Afterpay boasts over 20 million users in North America.

What payment options does Afterpay offer?

Afterpay allows users to split payments into four interest-free installments over six weeks.