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Shoppers Buying More Groceries On Credit

Economic turbulence is prompting more shoppers to delay payment for essentials like groceries. "The percentage of online buy now, pay later (BNPL) transactions involving groceries grew 40% during the first two months of 2023, the fastest pace among the retail categories Adobe studied," per Retail Dive. "By comparison, the home furnishings sector’s share of BNPL orders rose 38% during the same period, while the apparel category’s share moved ahead by 8%."

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