A growing share of consumers are seeking comfort and convenience in subscription services as they remain at home to curb the spread of the COVID-19 virus. Some subscription businesses such as Netflix are experiencing a surge in demand, with the online streaming service adding a...
The global outbreak of COVID-19 has dramatically and unexpectedly hit the reset button on the entire retail ecosystem, leaving virtually no corner untouched— though the effects themselves have been highly uneven. And in no segment of retail has that become more apparent that in subscription commerce,...
On Wall Street, market capitalizations are shorthand for investor sentiment — for positive or negative views, generally speaking, of publicly-traded companies’ prospects. Rule of thumb: The higher the market cap — defined as shares outstanding times the price per share — the better the company...
Fifty-eight million United States consumers canceled a subscription plan during the past six months — and that may be just the beginning. The COVID-19 pandemic is advancing, triggering a massive economic downturn and pushing consumers to curb their spending wherever they can — and subscription...
SoulCycle employees are probably working up a sweat as the New York-based fitness company trimmed jobs and initiated a 25 percent pay cut in response to its studio closures due to the coronavirus pandemic. In an internal email to staffers leaked to The Verge this...
The online personal styling service Stitch Fix saw its shares plummet more than 30 percent on Tuesday (March 10) after the startup’s second-quarter sales for fiscal year 2020 missed analysts’ estimates, according to reports. As of 3:55 p.m. on Tuesday (March 10), Stitch Fix shares...
About 50 percent of U.S. states have already begun taxing residents’ streaming subscriptions to services like Netflix and Hulu, and others are considering doing the same, CNBC reported on Monday (Feb. 24). “It’s a fast-moving policy development,” Michael Mazerov, a senior fellow at the Center...
After more customer losses and financial dips, Blue Apron is exploring strategic options going forward that might include putting itself up for sale, according to published reports Tuesday (Feb. 18). The New York-based meal-kit maker may also merge its business with other, similar ones in...
To provide consumers with the curation of a subscription box or the flexibility of a rental platform, digital innovators are tapping into the subscription business model. And, while subscriptions can provide consumers with the ability to discover new products or borrow instead of buy, the...
