MENLO PARK, Calif.--(BUSINESS WIRE)--Loop Commerce, the first-of-its-kind turnkey, SaaS solution and checkout that powers gifting for retailers, announced today that it is available for online shoppers this holiday season with multiple top brands and retailers. Loop™ enables a new, personal way to give and receive gifts through a unique e-gifting experience. Its turnkey solution easily integrates with retailers’ online store and backend systems to enable a brand new gift giving and receiving process.
In a study by First Data, the percentage of respondents purchasing e-gift cards rose sharply from 21 percent in 2012 to 36 percent in 2013. As the use of e-gift cards surges in popularity due to their flexibility, Loop is elevating this concept by bringing the joy, thoughtfulness and personalization associated with gift-giving. By allowing gift givers to select and send any product as a gift, without having to worry about a specific size, color, style, mailing address or delivery timing constraints, Loop makes buying gifts simpler and more thoughtful. Available today at retailers including Lancôme, Urban Decay, Diane von Furstenberg, Johnny Was, Munchkin, Relax the Back, Thomas Dean and more, Loop enables online customers to pick out and easily send the perfect gift for everyone for every occasion. This capability could be found throughout the store and on product pages in the form of the “e-gift this” button.
“Giving a gift hinges on a truly personal experience that is deeply ingrained within our culture. However, e-commerce is essentially optimized for shopping for yourself, not others,” said Roy Erez, CEO and co-founder of Loop Commerce. “Whether buying or receiving a gift, online shoppers will now get a seamless and beautiful gifting experience, as Loop’s solution eliminates the guesswork and friction often part of buying a gift. Recipients will be delighted by the elegant online unboxing of their gift, which they can then customize to suit their own style, color or size preferences or easily exchange to anything else with a click of a button, before it ships. Retailers on their end, benefit from driving incremental business from new and existing customers.”
The growth of the e-commerce industry and increased consumer demand for an enhanced online shopping experience has transformed the modern retail landscape. While many consumers enjoy online shopping because of its convenience, gift buying presents a challenge, but also a significant opportunity. Loop caters to retailers that are established gift shopping destinations, as well as those who want to significantly increase sales by converting existing customers to gift buyers. As the first and only enterprise level solution, built based on the needs and requirements of top IR-500 retailers, Loop’s solution drives additional business, aids in customer acquisition, reduces cost of returns and exchanges, and increases customer loyalty.
About Loop Commerce
Loop Commerce is a turnkey, SaaS solution and checkout that powers gifting for retailers. Through e-gifting, the company is changing how retailers approach selling and delivering gifts—a major pain point and still untapped opportunity in e-commerce. Recognizing e-commerce is not optimized for shopping for others, Loop removes the obstacles facing consumers when buying a physical product as a gift. Providing an enterprise-grade, innovative, and fully customizable, e-gifting solution and leveraging its experience and insights across large retailers, Loop’s solution seamlessly integrates with retailers’ online stores to drive increased business, reduce costly returns and exchanges, and enhance customer acquisition and loyalty. With Loop, consumers now have an easy, personal way to buy the perfect gift, and retailers benefit from a turnkey, IR-500 approved solution that changes the rules of e-commerce. Loop is backed by PayPal as well as multiple key executives in technology, e-commerce and retail. For more information about Loop Commerce, visit: http://www.loopcommerce.com/ and follow us on Twitter @LoopCommerce and on Facebook.
