Quadruple witching could put a scare in some investors, but retailers are finding ways to help consumers with their financing
Retailers are getting creative when it comes to helping consumers find ways to pay for their products. It used to be your mom would put your husky jeans on layaway and the store would hold them until she could pay them off. But today there are various ways to “pay as you go” or “buy now and pay later” without using a credit card and these trends have led to several mergers.
These companies offer different and cheaper avenues for consumers which is why they’re becoming increasingly popular. In fact, Macy’s , Bed Bath & Beyond , and Amazon are all offering their own installment programs. These programs allow the consumer to take their jeans or other items home and pay when they can.
Many brick and mortar retailers have been hurt by the pandemic but appear to have been given a boost by Thursday’s report. Nordstrom , Dillard’s , Gap , and Kohl’s all rallied on the news. However, until consumers no longer feel trapped in their homes, retailers will have to rely heavily on their ability to pull in online shoppers. But, even then, it may be difficult for retailers to get products to consumers because of the broken supply chain.
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