The CE 100 Index lost 1.1% in a shortened holiday week, with payments-focused names declining. Only two segments gained ground through the four trading sessions that ended Friday, as the Shop vertical was up 1.5%. And in that segment, Vroom shares rallied 23.6%, though no...
Affirm is sunsetting Returnly and transitioning the merchants using that platform to Loop. Returnly, which was acquired by buy now, pay later (BNPL) provider Affirm in 2021 and offers shoppers a self-service online returns experience, will be closed by early October, Affirm said in a Thursday (July 6) blog...
In today’s top news, Chipotle’s earnings showed a massive shift to digital ordering, and Affirm is acquiring Returnly. Plus, SPAC deals have dropped significantly thus far in the second quarter of 2021. Digital Chipotle Orders Now Account For 50 Pct Of All Sales Chipotle Mexican...
San Francisco-based Affirm announced Wednesday (April 21), that it has struck a deal to acquire Returnly, which deals with online returns and post-purchase payments. A press release said Affirm will buy Returnly for a total of $300 million in cash and equity. The transaction is...
August 01, 2023
It’s nothing new, customers expect a straightforward and no-cost returns process. The option to change their minds about an item or rectify their dissatisfaction without paying extra is considered essential. This expectation has become widespread, making free returns a standard practice in the industry. Consumers seek out retailers that offer this service. However, the economic […]
July 10, 2023
The CE 100 Index lost 1.1% in a shortened holiday week, with payments-focused names declining. Only two segments gained ground through the four trading sessions that ended Friday, as the...
July 06, 2023
Affirm is sunsetting Returnly and transitioning the merchants using that platform to Loop. Returnly, which was acquired by buy now, pay later (BNPL) provider Affirm in 2021 and offers shoppers a self-service online returns experience, will be closed by early October, Affirm said in a Thursday (July 6) blog post. “This partnership with Loop and the divestiture of the […]
April 21, 2021
San Francisco-based Affirm announced Wednesday (April 21), that it has struck a deal to acquire Returnly, which deals with online returns and post-purchase payments. A press release said Affirm will...
December 29, 2020
Returns made through Returnly’s system increased by over three times on Saturday (Dec. 26) in contrast to an average return day in the United States, according to a Tuesday (Dec....
October 23, 2019
Silicon Valley’s post-purchase payments company Returnly has launched International Returns, a new solution that lets global shoppers return online merchandise from anywhere in the world, the company said in a...
