Just in time for the release of its best-selling new
Ethos collection, RYU customers can now use Afterpay to pay in four
interest-free installments.1
VANCOUVER, BC, Nov. 19, 2020 /CNW/ - RYU Apparel
Inc. (TSXV: RYU) (PINK: RYPPF) (FWB: RYAA) ("RYU" or
the "Company"), creator of award-winning urban athletic
apparel, today announced its global partnership with
Afterpay (ASX: APT), the leader in "Buy Now, Pay Later"
payments.
Afterpay partners with top fashion, beauty and lifestyle
retailers to give consumers a flexible way to spend their own money
by paying over time, and now RYU is among them. RYU customers can
select Afterpay at checkout in order to buy now and pay later. The
payment service can be used to purchase items from RYU's full
product offering, including its new Ethos Collection, which
features various hoodies, crewnecks, bomber jacks and other fall
apparel for both men and women across multiple color options.
On average, Afterpay's Shop Directory generates 19 million
referrals per month to its merchant partners, helping customer
conversion rates increase by more than 20% and average order values
increase by more than 25% compared to all other payment
methods.2
"On the heels of our launch in Canada earlier this year, we are extremely
excited to partner with Vancouver-born RYU to bring Afterpay to North
American customers," said Melissa
Davis, Afterpay's Head of North
America. "The brand has a strong reputation for the
performance and quality of their products, and we admire that
they're increasing efforts to produce their clothing lines locally.
We look forward to helping them grow their customer base in
North America and around the
world."
"Partnering with Afterpay will directly benefit our customers
and improve the overall customer experience at RYU. We're thrilled
to be part of their merchant network, and to complete another key
step in our omni-channel strategy," said Cesare Fezari, CEO of
RYU.
About RYU Apparel
RYU Apparel (TSXV: RYU, OTCQB:
RYPPF), or Respect Your Universe, is an award winning urban
athletic apparel and accessories brand engineered for the fitness,
performance and lifestyle of the athletic man and woman. Designed
without compromise for fit, comfort, and durability, RYU exists to
facilitate optimal human performance. For more information,
please visit the RYU website at: http://ryu.com
About Afterpay Limited
Afterpay Limited (ASX: APT) is
transforming the way we pay by allowing customers to receive
products immediately and pay for their purchases over four
installments, always interest-free. The service is completely free
for customers who pay on time - helping people spend
responsibly without incurring interest, fees or extended debt. As
at September 30, 2020 Afterpay is
offered by nearly 63,000 of the world's favourite retailers, and is
used by more than 11 million active customers globally.
Afterpay is currently available in Australia, Canada, New
Zealand, the United States
and the United Kingdom, where it
is known as Clearpay. Afterpay is on a mission to power an
economy in which everyone wins.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
1
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Late fees may apply.
Eligibility criteria apply. See afterpay.com for full
terms.
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2
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Source: Afterpay
data
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SOURCE RYU Apparel Inc.