Affirm Brings Customers a New Way to Buy Theory’s Modern Sportswear
October 21 2021 - 2:10PM
Business Wire
Consumers can now buy Theory’s line of expertly
tailored pieces in four biweekly interest-free payments, with no
hidden or late fees
Affirm (NASDAQ: AFRM), the payment network that empowers
consumers and helps merchants drive growth, today announced that it
is expanding its offering to now be accepted by Theory, the New
York founded label of sleek sportswear and accessories. Now,
eligible consumers can shop Theory’s collection of stylish men’s
and women’s sportswear, handbags, shoes and more, while paying over
time.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211021005961/en/
Affirm partners with Theory (Graphic:
Business Wire)
By selecting Affirm at checkout on theory.com, approved
customers can split the total cost of any purchase of $50 or more
into four biweekly, interest-free payments. Shoppers are shown the
total cost of their purchase and will never pay more than they
agree to up front, as Affirm never charges any late or hidden
fees.
“Theory’s brand has earned a devoted following with its modern,
fashion-forward sportswear designed to make anyone look and feel
their best,” says Silvija Martincevic, Affirm’s Chief Commercial
Officer. “Customers can now use Affirm to pay over time and
revitalize their wardrobe without interest or hidden fees, giving
them a flexible and transparent option to buy a sleek new pair of
pants, or sophisticated top, stress-free.”
Affirm partners with more than 29,000 retailers. Offering Affirm
at checkout can drive overall sales, increase average order value,
and increase customer repurchase rates. In 2019, merchants using
Affirm reported 85% higher average order values when compared to
other payment methods, and in 2020 nearly 67% of purchases were
made by repeat Affirm customers.
About Affirm
Affirm’s mission is to deliver honest financial products that
improve lives. By building a new kind of payment network — one
based on trust, transparency and putting people first — we empower
millions of consumers to spend and save responsibly, and give
thousands of businesses the tools to fuel growth. Unlike credit
cards and other pay-over-time options, we show consumers exactly
what they will pay up front, never increase that amount, and never
charge any late or hidden fees. Follow Affirm on social media:
LinkedIn | Instagram | Facebook | Twitter.
About Theory
In 1997 Theory revolutionized the contemporary fashion market
with its concept of the urban uniform. Headquartered in New York
City and a leader in Fast Retailing Group’s brand portfolio, the
brand balances luxury with accessibility in collections that are
known for their exceptional fits, innovative fabrics, and enduring
styles.
Payment options through Affirm are subject to eligibility, and
are provided by these lending partners: affirm.com/lenders. CA
residents: Loans by Affirm Loan Services, LLC are made or arranged
pursuant to California Finance Lender license 60DBO-111681.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211021005961/en/
Press Contact Alex Rafter press@affirm.com
(650)398-2715
Affirm (NASDAQ:AFRM)
Historical Stock Chart
From Apr 2024 to May 2024
Affirm (NASDAQ:AFRM)
Historical Stock Chart
From May 2023 to May 2024