a synchrony solution has re-defined the digital gifting experience. · 2020. 2. 28. · unlocking...

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Loop Commerce is driving a paradigm shift in commerce with its award-winning, Gift Commerce Platform service by removing the obstacles consumers face when shopping for others online. Featuring a multi-product suite including digital gifting, gift cards, loyalty, and corporate gifting, the GiftNow ® platform is aimed at unlocking the nearly $1TR annual Gift Commerce (G-Commerce) category. As the leader in G-Commerce, GiftNow ® offers an enterprise-grade, fully customizable solution that powers the digital gifting strategy for world class brands and retailers like Target, Neiman Marcus, Coach, Kate Spade, Michael Kors, Uniqlo and others through a 360-degree omni channel platform. With the GiftNow ® platform, retailers and brands are able to offer their customers a full range of gift-shopping capabilities across all online and in-store channels. By re- imagining the gifting process and tackling the challenges associated with gift purchasing in-store and online, GiftNow ® makes buying and instantly (and digitally) delivering gifts not only seamless and stress-free, but also provides consumers a simple way to buy and deliver a thoughtful gift. Shoppers can buy without choosing a size GIFT A PRODUCT WITHOUT SELECTING A SKU DELIVER DIGITALLY WITHOUT A SHIPPING ADDRESS DELIVERED INSTANTLY - OVERCOMING SHIPPING CUT-OFFS Confidential and proprietary information. All rights reserved Loop Commerce, Inc. or color, deliver the gift without knowing a shipping address and do it instantly through digital channels they normally use for communicating with loved ones. The GiftNow ® platform allows for a seamless, zero- integration implementation with retailers’ stores and ecosystem, unlocking new commerce opportunities and fueling increased business through incremental sales, while reducing costly returns and exchanges and improving customer acquisition and loyalty. The company built and optimized its groundbreaking SaaS solution with significant R&D and collective input from some of the largest and most successful retail brands. Loop was acquired by Synchrony in June 2018, the leader in credit, private label cards and loyalty, with over $130 billion in transaction volume, and 75 million consumers. With this backing and network, Loop is able to significantly accelerate its product and technological innovation, consumer reach and strategic value for its customers and partners. UNLOCKING GIFTING TRANSACTIONS PREVIOUSLY UNAVAILABLE a Synchrony solution VIRTUAL EXCHANGE ELIMINATES RETAILER COSTS has re-defined the digital gifting experience.

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Page 1: a Synchrony solution has re-defined the digital gifting experience. · 2020. 2. 28. · UNLOCKING GIFTING TRANSACTIONS PREVIOUSLY UNAVAILABLE a Synchrony solution VIRTUAL EXCHANGE

Loop Commerce is driving a paradigm shift in commerce

with its award-winning, Gift Commerce Platform service

by removing the obstacles consumers face when shopping

for others online. Featuring a multi-product suite including

digital gifting, gift cards, loyalty, and corporate gifting, the

GiftNow® platform is aimed at unlocking the nearly $1TR

annual Gift Commerce (G-Commerce) category. As the

leader in G-Commerce, GiftNow® offers an enterprise-grade,

fully customizable solution that powers the digital gifting

strategy for world class brands and retailers like Target,

Neiman Marcus, Coach, Kate Spade, Michael Kors, Uniqlo

and others through a 360-degree omni channel platform.

With the GiftNow® platform, retailers and brands are

able to offer their customers a full range of gift-shopping

capabilities across all online and in-store channels. By re-

imagining the gifting process and tackling the challenges

associated with gift purchasing in-store and online,

GiftNow® makes buying and instantly (and digitally)

delivering gifts not only seamless and stress-free, but also

provides consumers a simple way to buy and deliver a

thoughtful gift. Shoppers can buy without choosing a size

GIFT A PRODUCT

WITHOUT SELECTING

A SKU

DELIVER DIGITALLY

WITHOUT A SHIPPING

ADDRESS

DELIVERED INSTANTLY -

OVERCOMING SHIPPING

CUT-OFFS

Confidential and proprietary information. All rights reserved Loop Commerce, Inc.

or color, deliver the gift without knowing a shipping address

and do it instantly through digital channels they normally

use for communicating with loved ones.

The GiftNow® platform allows for a seamless, zero-

integration implementation with retailers’ stores and

ecosystem, unlocking new commerce opportunities and

fueling increased business through incremental sales, while

reducing costly returns and exchanges and improving

customer acquisition and loyalty. The company built and

optimized its groundbreaking SaaS solution with significant

R&D and collective input from some of the largest and most

successful retail brands.

Loop was acquired by Synchrony in June 2018, the leader in

credit, private label cards and loyalty, with over $130 billion

in transaction volume, and 75 million consumers. With this

backing and network, Loop is able to significantly accelerate

its product and technological innovation, consumer reach

and strategic value for its customers and partners.

UNLOCKING GIFTING TRANSACTIONS PREVIOUSLY UNAVAILABLE

a Synchrony solution

VIRTUAL EXCHANGE

ELIMINATES RETAILER

COSTS

has re-defined the digital gifting experience.

Page 2: a Synchrony solution has re-defined the digital gifting experience. · 2020. 2. 28. · UNLOCKING GIFTING TRANSACTIONS PREVIOUSLY UNAVAILABLE a Synchrony solution VIRTUAL EXCHANGE

GIFTNOW FUELSREALBUSINESS GROWTH

HOW GIFTNOW WORKS

Choose The buyer purchases any product using GiftNow® from the retailer’s

online store.

Surprise!A gift notification arrives instantly (or scheduled for later delivery)

by email or SMS with a personal message.

Accept or ExchangeThe gift is presented through a beautiful digitally experience and can

be easily configured and accepted, or exchanged prior to shipping.

The Perfect Gift ArrivesThe gift is shipped to the address provided. Everyone is happy.

Incremental Sales• Add 3-5 peak shopping days per holiday post shipping cutoff

• Capture last minute year-round gifting needs like birthdays (20+ / year)

• Convert non-core audiences (millennials, males, urban dwellers)

Customer Acquisition• Convert and acquire both the gift buyer (30-70% new to file) and recipient (60 - 80% new)

• Attract and convert non-core audiences (millennials, males, urban dwellers)

Increased Profit Margins• Eliminate the need for expensive rush-shipping when buying for others

• Returns and exchanges occur before product ships

• Product gifting results in a premium spent over gift cards

Email us at [email protected] Loop Commerce, Inc. 150 West Evelyn Avenue, Mountain View, CA 94041

Confidential and proprietary information. All rights reserved Loop Commerce, Inc.

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