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American Eagle says it plans to offer buy-now, pay-later services as it appeals to cash-strapped teens (AEO)

American Eagle says it plans to offer buy-now, pay-later services as it appeals to cash-strapped teens (AEO)
Shoshy Ciment/Business Insider



American Eagle confirmed that it is planning to offer buy-now, pay-later purchase services.




Several retailers including Abercrombie and Urban Outfitters already offer similar services. Their customers are able to purchase an item and spread the cost across four installments.




Analysts say buy-now, pay-later encourages shoppers to spend more money and is especially appealing to younger shoppers with less disposable income.




Visit Business Insider's homepage for more stories.



American Eagle is planning to offer its shoppers buy-now, pay-later services.
American Eagle president Chad Kessler confirmed to Business Insider on Wednesday that the retailer is looking to implement this alternative payment method as soon as possible.
"This is something that our customer would very likely participate in so we are eager to get that up and running," he said.
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