PYMNTS-MonitorEdge-May-2024

recurring payments

Blue Apron Announces Layoffs as Subscribers Rein in Spending
Blue Apron Announces Layoffs as Subscribers Rein in Spending
December 09, 2022  |  Subscriptions

Blue Apron has announced that it is laying off about 10% of its corporate staff. The meal kit company shared the news in a press release Thursday (Dec....

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Apple Music to Add Feature to Help Users Sing Along 
Apple Music to Add Feature to Help Users Sing Along 
December 06, 2022  |  Subscription Commerce

Apple Music will soon add a feature that makes it easier for fans to sing along with songs.  Due to become available to Apple Music subscribers...

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Beauty Subscriptions Are First to Go as Consumers Reduce Spending
Beauty Subscriptions Are First to Go as Consumers Reduce Spending
December 05, 2022  |  Subscription Commerce

As consumers reevaluate subscriptions amid inflation, new data shows beauty memberships are the most vulnerable. In fact, a greater share of customers is cutting out...

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D2C Subscription Firms Pivot Amid Margin Pressure
D2C Subscription Firms Pivot Amid Margin Pressure
November 30, 2022  |  Subscription Commerce

Facing ongoing macroeconomic pressure, many direct-to-consumer subscription companies are being forced to adjust. Consumers are tightening their belts, cutting down their subscriptions. According to this...

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Best Buy Says Customers Lack Urgency But Are Hungry for Joy 
Best Buy Says Customers Lack Urgency But Are Hungry for Joy 
November 22, 2022  |  Retail

Fighting a highly promotional environment for consumer electronics, Best Buy sees holiday shopping patterns this year returning to some pre-pandemic norms. Reviewing FY23 third quarter financials on...

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sticky.io Appoints WooCommerce Veteran Spencer Watts as CFO 
sticky.io Appoints WooCommerce Veteran Spencer Watts as CFO 
November 18, 2022  |  Personnel

Subscription commerce platform provider sticky.io has appointed Spencer Watts as its new chief financial officer (CFO).  Watts moves to the company from WooCommerce, where he served as both CFO...

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Subscription Merchants Battle Churn With Value and New Features
Subscription Merchants Battle Churn With Value and New Features
November 08, 2022  |  Retail

The evolution of subscription commerce continues as consumers become more demanding and exacting in what they want — and expect —  from monthly retail boxes....

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The Many Faces of Fraud Haunt a Beset Holiday Selling Season
The Many Faces of Fraud Haunt a Beset Holiday Selling Season
November 03, 2022  |  Security & Fraud

To borrow from an old holiday chestnut, ‘tis the season for financial scams and cheaters, as the wicked work of fraudsters gets an added bump...

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Meta to Match Recurring Payment Charity Donations
Meta to Match Recurring Payment Charity Donations
November 02, 2022  |  Meta

With Giving Tuesday just around the corner, Meta has announced the company’s plans for matching recurring donations on its social media platforms for the holiday...

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