Announcement - June 5th, 2020
The Saree Room Integrates with Sezzle Enabling Interest Free Payment Plans to Canadian and U.S. Customers
South Asian Fashion Brand adds new instalment payment option
June 5th, 2020 (TORONTO) - The Saree Room, a Toronto-based global fashion brand, announced today its partnership with Sezzle, the highest consumer-rated interest-free instalment payment solution, providing Canadian and U.S. customers more flexible payment options. Sezzle's alternative payment solution enables shoppers to split e-commerce purchases into four interest-free instalments over the course of six weeks, at zero interest. The Saree Room has been the pioneer of modernizing the way people shop for South Asian Clothing since 2015 and this partnership enables the company to continue this process.
“Since day 1, our mission has always been to modernize the shopping experience for South Asian clothing” said Adam Meghji, Chief Executive Officer of The Saree Room. “This integration is another example of our continued effort to enable the best and most convenient shopping experience in the industry. Although current events & weddings may be cancelled, most are simply postponed. Given the current economic climate, we feel this is a perfect time to provide an additional flexible payment option to our customers.”
According to The Saree Room, the average customer shops for a new outfit for at least 4 events per year. Most brands in the industry markup their products 7-10x the cost. The Saree Room does things differently. In order to provide customers with the ability to affordably purchase for every occasion, they’ve built a supply chain 100% controlled inhouse. The Saree Room designs and creates their own fabric directly with the mills, manufactures the pieces in dedicated factories then sells direct to consumers. Their clothing is handcrafted with more attention to details with the same or better quality fabrics as other South Asian brands but without the traditional markups. “We want to make our money off the frequency of purchases not on a single purchase. We see more value in building a long term relationship which is reflected with our repeat customer rate of over 30%.” said Meghji.
About The Saree Room
The Saree Room is a Toronto-based global fashion brand that designs modern South Asian clothing. With an omnichannel vertical retail model, The Saree Room sells direct to consumers at 30% - 80% under market prices while never compromising on quality. For more information, visit www.thesareeroom.com
Sezzle financially empowers consumers by providing them with a smarter way to pay for retail purchases. The payment platform features an advanced risk model and interest-free installment plans that make it more convenient for shoppers to spend and pay at their favorite stores, while increasing sales for the more than 3,300 eCommerce merchants using Sezzle's payment technology. For more information, visit sezzle.com.