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Why Macy’s Invested in Pay-Later Fintech Klarna

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Macy’s is the latest marquee retail name to chase the pay-later craze. On Tuesday, Macy’s, Inc. revealed an investment in Swedish fintech Klarna that will give customers of the nation’s largest department store company the option to spread out their purchase costs over four equal installments. The news comes on the heels of Klarna’s $650…

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