Across the clothing subscription industry, key players are losing members as they turn their focus to driving more revenue from their existing users. Take, for instance, Rent the Runway. The clothing subscription and a la carte rental company shared in its third-quarter 2023 earnings results...
Social virtual reality (VR) platform VRChat has begun rolling out its new Creator Economy, starting with the introduction of Paid Subscriptions. This new feature allows users to financially support their favorite creators, enabling VRChat’s community of over half a million individual creators to monetize their...
As brands look to capture consumers’ holiday gifting spending, subscription box providers have the opportunity to drive high-margin a la carte sales on one hand and to acquire subscribers on the other. In an interview with PYMNTS, Matthew Berk, CEO of coffee subscription and gift...
As subscription merchants look to meet consumers’ evolving expectations, flexible plans are becoming an industry standard. By the Numbers The recent PYMNTS Intelligence study “The Replenish Economy: A Household Supply Deep Dive,” created in collaboration with sticky.io, draws from a September survey of more than 2,000...
Xbox is seeing its massive investment in video game content pay off, as more of gaming comes to rely on subscription models. In an interview with Windows Central at convention Comic-Con Experience (CCXP), Phil Spencer, CEO of Microsoft Gaming and head of Xbox, spoke to...
Younger consumers have spent their formative years online, and they’re inclined to share details and information about themselves across digital channels. That comprises personal information for payments, including card details and other data points that are used by merchants to conduct much of commerce anonymously,...
Online stores are seeing a big boost from retail subscriptions as the convenience and tailored experiences offered by digital retail subscriptions lead to a drop in-person shopping for many consumers. According to a recent PYMNTS Intelligence study, retail subscribers lean toward more of the same...
Consumers who subscribe to scheduled delivery or auto-fill services are uniquely ready to cancel their memberships if they find that the crowd-sourced information they have received is not reliable, PYMNTS Intelligence reveals. By the Numbers The new PYMNTS Intelligence study “The Replenish Economy: A Household...
With increasing competition among platforms promising influencers and creators the opportunity to monetize their followings, Substack is pushing back against its reputation as a newsletter platform, emphasizing its multimedia tools. In a post to the platform Wednesday (Nov. 29), Co-founder and CEO Chris Best, Co-founder...
