Marks & Spencer to offer "buy now, pay later" option online

Marks & Spencer is to offer a “buy now, pay later” option to online shoppers as part of a plan to modernise its struggling clothing business which had a “lost 18 months”, the company has admitted.

While maintaining its crown as the UK’s largest clothing retailer, sales at the high street giant have been falling for seven years. On Tuesday, its chief executive, Steve Rowe, told an investor meeting that letting customers pay for website orders in instalments was one of the “tactical actions” it planned to take to halt the slide.

Read the full article on The Guardian.