• Slice of Retail
  • Posts
  • Croissant Launches Revolutionary "Shop Now, Sell Later" iOS App

Croissant Launches Revolutionary "Shop Now, Sell Later" iOS App

Author

Slice of Retail Team
July 26, 2024

Key Highlights:

  • First fintech tool with Guaranteed Buybacks™ for apparel and accessories.

  • Offers guaranteed resale prices at over 100 leading brands and retailers.

  • New Safari mobile extension and Gmail sync feature for seamless selling.

  • Free shipping and immediate payout upon receipt of goods.

  • Croissant app is free for all customers to use.

Source (Business Wire)

Notable Quote:

❝

"For the first time, users can channel the power and convenience of Guaranteed Buybacks™ on a single device - from the moment of purchase, all the way to the point of payout. The way we shop and resell will never be the same. Resale can be rewarding, but being a reseller is a lot of work for an uncertain outcome. According to our research, 75% of U.S. customers want an effortless, transparent way to participate in the resale economy beyond the existing resale marketplaces and consigning options. Globally there’s over $2 trillion dollars of resellable inventory sitting in closets, representing a latent asset class the same size as the entire cryptocurrency market."

John Howard, CEO and Co-Founder at Croissant

Our Take:

The launch of Croissant's iOS app marks a significant milestone in the fintech and resale industry. By integrating Guaranteed Buybacks™ and offering a seamless "shop now, sell later" experience, Croissant is transforming how consumers approach shopping and resale. This innovative model reduces financial risk and enhances consumer empowerment, differentiating Croissant from the traditional "buy now, pay later" options. The app's features, such as the Safari extension and Gmail sync, further streamline the resale process, making it more accessible and attractive to a broader audience. The impressive results since the company's launch, including increased average order values and substantial customer spending, underscore the app's potential to drive significant economic activity and benefit both consumers and retailers. Croissant is well-positioned to lead the next wave of growth in the circular economy, providing a valuable service that aligns with the growing trend of sustainable and intentional commerce.