Vyze
6 Case Studies
Case Study: National Retail Federation highlights retail credit growth with Vyze
A Vyze Case Study
2017 Holiday Sales Results Signal Start of Credit Movement
The National Retail Federation reported strong 2017 holiday sales, but individual retailers faced the challenge of competing in a multichannel landscape by improving the customer experience, particularly at the payment stage where over 50% of shoppers planned to use credit. To help retailers meet this need, several companies, including Build.com, Adorama, and ICON Health & Fitness, utilized the retail credit platform from Vyze.
The Vyze platform provided a solution by enabling these retailers to offer customers flexible financing options, including private-label credit cards and special financing promotions. The measurable results were significant, with Build.com exceeding its Cyber Monday sales target by 23% and tripling average ticket sizes. Adorama saw its average purchase amount jump from $500 to $1,325, and ICON Health & Fitness experienced a 122% increase in credit sales and a 70% increase in ticket sizes, demonstrating the powerful impact of the Vyze solution.
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