AUSTIN, Texas, May 17, 2016 /PRNewswire/ — Through research conducted and compiled among consumers, retailers and other major brands, financial technology leader Vyze has identified a “Financing Gap” between consumer desires and retailers’ financing offerings. While 42% of all consumers are more likely to shop at a retailer that provides financing to help with purchases, just 11% of consumers use financing provided by the retailer. This is just a fraction of the $1.7 trillion in annual retail sales volume that could be financed if retailers offered and promoted financing options more and to more customers.
Retailers’ limited financing offerings hamper sales growth, customer retention
- Tags: building customer loyalty, Consumer Financing For Businesses, creating better customer experiences, financing experiences, financing solutions, how to grow sales, sales growth
- May 17, 2016