Clearpay news and archive

Premium buyers are embracing vintage fashion

The secondary luxury market is experiencing unprecedented growth as vintage fashion emerges as a significant force in the premium retail sector, according to new data from buy-now-pay-later provider Clearpay. Analysis of transaction data reveals substantial year-on-year growth across key vintage categories, indicating a structural shift in...

Fashion

Sales of festive pyjamas are soaring

The official Christmas dress code for 2023 is set to be festive pyjamas, according to data from Buy Now Pay Later (BNPL) provider Clearpay. In a survey involving 2002 Brits, the research delves into Christmas Day attire, uncovering that 37 percent prefer not to dress up and instead opt for festive loungewear, signaling a trend toward a more...

RetailFeatured

UK retail industry adapts to changing consumer trends and inflation

The retail industry in the UK has shown resilience in the face of inflation and changing consumer behaviors, with first-quarter growth reported based on data from Square and Clearpay. The pace of growth has moderated, however, when compared to the significant increase observed in 2022 as the pandemic receded. While the Office for Budget...

Retail

Tom Ford and URBN among retailers adding Clearpay’s pay-in-4 service to stores

A number of fashion and beauty retailers are expanding their in-store flexible payment services with Clearpay as customer demand for buy-now-pay-later features continues to rise. According to Clearpay, Tom Ford, MAC, Jo Malone, Cosmetic Company Stores, Le Labo, Too Faced and URBN, the owner of Urban Outfitters and Free People, have expanded...

Fashion

Buy Now Pay Later schemes used by 14 percent of online shoppers

Buy Now Pay Later (BNPL) payment options continue to gain significant traction amongst consumers. BNPL services allow customers to make purchases and pay for them in instalments, typically interest-free or with low fees. The flexibility offered by BNPL appeals to many consumers, especially millennials and younger demographics, who are looking...

Fashion

The slip-on shoe trend is here to stay

Ever since adidas’ Adilette sliders made their way from the pool to the street in the early 2000s, slip-on shoes have been having a moment. Arguably not the most comfortable slider with its spiky soles, they were designed in the 1960s to be a transitional item for athletes, most important was the element of being waterproof, so they could be...

Business

Clearpay partners with Square and BFC to support emerging designers’ e-commerce

Payment provider Clearpay has partnered with Square, a commerce tech company, to launch a programme with the British Fashion Council (BFC) that looks to help emerging designers establish their online presence. As part of the initiative, British designers that are a part of the BFC network can take part in an e-commerce mentoring package provided...

Fashion

Clearpay drops NFTs with Richard Quinn

Clearpay, the sponsor of London Fashion Week, has teamed up with Richard Quinn and the British Fashion Council to offer limited-edition floral rose NFTs to “lucky customers” to celebrate the city-wide LFW celebrations until October 13. The large rose NFTs pay homage to Quinn’s spring/summer 2023 collection and will give fashion fans access to an...

Fashion Featured

Richard Quinn partners with Clearpay to launch London Fashion Week opening

The opening of London Fashion Week will be a consumer welcome affair, with principal sponsor Clearpay teaming up with the BFC and designer Richard Quinn for its City-Wide Celebration in Covent Garden. Dubbed a fashion and entertainment event, a surprise performance and DJ set will inaugurate the fashion week ahead. A limited edition floral print...

Fashion Featured

Fringe to flares: Trends for summer 2022, according to Clearpay

With summer swiftly approaching, trends for the warmer months ahead are beginning to make themselves known, with the ongoing Y2K obsession remaining prominent and the return of festival season fashion almost upon us. Based on the UK consumer, the ‘buy now, pay later’ (BNPL) payment provider Clearpay has compiled real-time customer purchase and...

Business

3 Ways ‘Next Gen’ consumers are using payment technology to counter inflation

Inflation is at a four-decade high, forcing consumers to be more wary of their purchasing habits and impacting retailers’ much needed recovery following the loosening of covid-19 measures. However, a recent survey by Coresight Research still found a positive consumer sentiment toward spending, despite inflation, which further suggested that...

Fashion Featured

The impact of catwalk fashion on shopping habits

The power of the catwalk can positively affect sales, even if the collections seen on the runway are not available in stores until autumn. Data from 'buy now, pay later' payment solutions company Clearpay, London Fashion Week principal sponsor, shows consumers are already ‘shopping the runway’, with key trends emerging from the LFW AW22 shows...