Daily Newsletter

23 November 2023

Daily Newsletter

23 November 2023

Sportsman’s Warehouse and Sezzle launch flexible financing option

With Sezzle, customers can pay for their purchases in four instalments.

Jangoulun Singsit November 21 2023

US-based outdoor sporting goods retailer Sportsman's Warehouse has partnered with digital payment platform Sezzle to offer flexible financing options.

The partnership will enable customers of both companies to purchase outdoor gear and accessories while simultaneously building credit with on-time payments.

With Sezzle's Buy Now Pay Later Service, customers can pay for their purchases in four instalments over six weeks without any interest or hidden fees.

This financial option enables shoppers to stick to their budget while making purchases responsibly.

Sezzle also offers a secure shopping experience to Sportsman's Warehouse customers by protecting customer information and transactions.

Paying in instalments also enhances buying power and gives customers the opportunity to build credit scores through Sezzle Up.

Sezzle president and cofounder Paul Paradis said: "We are excited to join forces with Sportsman's Warehouse, a respected name in specialty outdoor retail, to introduce our flexible financing solution to their loyal customer base. This partnership reflects our dedication to delivering accessibility and convenience to shoppers while emphasizing budget-friendly spending and a responsible way to pay.”

Sportsman's Warehouse offers equipment for hunting, fishing, camping, shooting and others.

In the second quarter of fiscal 2023, the retailer registered a net loss of $3.3m compared to a net income of $14.6m in the corresponding period of fiscal year 2022.

For the thirteen weeks ending 29 July 2023, the retailer delivered net sales of $309.5m. This is a decrease of 11.8% compared to $351.0m in the same period last year.

Traditional AI is here to stay in the retail and apparel space

Initially, retailers used AI for basic tasks, including inventory management and demand forecasting. However, its usage has now become more prevalent in other aspects such as personalized marketing, customer service, pricing optimization, and supply chain management. With the rise of ecommerce and the increasing importance of data-driven decision-making, AI adoption in retail and apparel has accelerated. The industry now relies on AI to enhance the shopping experience, optimize business operations, and gain an overall competitive edge.

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