Inflation may be moderating, but high prices on everything force consumers to rethink what’s really essential. Juan Palacio of BloomsyBox tells PYMNTS how flexible payments and cancellation policies are helping turn flowers into an essential monthly purchase.
With the economic outlook not improving or likely to until 2023 or 2024, subscription commerce faces an inflection point that could see a mass customer exodus unless providers get creative in their strategies and use platform tools to navigate a tricky time. Rima Khoury, vice...
With inflation on the rise, 85% of consumers are concerned or very concerned about their budgets. With the prospect of rising costs continuing well into next year, many consumers are limiting their spend on nonessential items. Overall, 46% of consumers say they are making fewer...
As consumers grow increasingly comfortable using eCommerce channels to get their food needs met, online grocery subscriptions are on the rise. By the Numbers Research from PYMNTS’ new study “How The World Does Digital: The Impact Of Payments On Digital Transformation,” which draws from surveys...
The pandemic accelerated the popularity of subscription-based pricing, and 23% of U.S. consumers now have at least one retail product subscription. However, amid a year characterized by inflation, our data reveals that the promotional benefits offered by these subscription services are ripe for abuse: 60%...
Entertainment subscription site Patreon will be cutting around 17% of its staff and closing two offices in Europe, a Bloomberg report said. This will affect 80 employees in operations and finance departments, along with others, according to a statement from CEO Jack Conte. And the...
From a payments perspective, the continued rise of the subscription-based revenue model has been one of the most interesting developments in post-pandemic global commerce. Once reserved for utilities and bills, the concept of monthly recurring payments has gained traction in the digital services market, as...
Walmart-owned wholesale retailer Sam’s Club is raising its yearly membership price for the first time in nearly a decade. According to multiple media reports Wednesday (Aug. 31), the price increase goes into effect Oct. 17, with club members paying $50 per year, a $5 increase...
Though it’s taking knocks and seeking a new level in the current environment, streaming subscriptions remain a favorite for millions, though the question remains as to whether a similar model can work for America’s beleaguered movie theaters. MoviePass, a subscription service for movie theater tickets,...
