Amidst the surge in consumer spending and the economic ramifications of the COVID-19 pandemic, US department stores are witnessing a notable uptick in credit delinquencies. This trend is prompting retailers to explore alternative payment options and reassess their credit policies..
Historically, department stores have heavily relied on revolving credit as a significant revenue generator. However, the recent economic downturn has strained consumer spending, leading to increased delinquency rates and a heightened risk of bad debt for retailers..
To combat this issue, department stores are actively diversifying their payment offerings, introducing alternative options like .
