Why are Frasers Group and Currys banking on credit to drive growth?

Credit is emerging as a new route to growth for some of the UK’s biggest retailers, with the likes of Frasers Group, Currys and John Lewis revamping their financial services offers last year.
The appeal is clear. Adobe Analytics reported online spending using buy now, pay later schemes rose to £1.26bn in January, up 3.3% on the year before.
Frasers CFO Chris Wootton told Retail Gazette in December that the group’s growth in the UK “is really going to be predicated on Fras