Consumers’ use of retail subscriptions remained relatively stable in May after falling in March. The average U.S. consumer now has 3.9 retail subscriptions, according to the “Subscription Commerce Conversion Index,” a PYMNTS and sticky.io collaboration based on a survey of 2,122 consumers and 211 subscription...
If you’ve sensed a growing sense of urgency from your streaming provider or meal delivery service lately, you aren’t just imagining things. Subscription companies are under pressure to keep customers, and more and more of them have been hitting the reset button. A lot. Justin...
Subscriptions are getting a going-over by consumers at a time of high inflation, but cost isn’t always the main consideration for keeping or cancelling, especially for the millennial and Gen Z consumers who continue to be prime drivers of growth in retail subscriptions. For the...
According to Ted Sarandos, Netflix co-CEO, the recent subscription slowdown for the streaming giant can be attributed to inflation, supply chain problems effecting smart TV sales, and the company’s departure from Russia, Bloomberg reported Saturday (July 9). In an interview with French newspaper Le JDD,...
Subscribers greeted inflation with a slight yawn in the second quarter as consumers adjusted their mix but keep subscribing in droves despite storm clouds over the economy. In the latest Subscription Commerce Conversion Index, a PYMNTS and sticky.io collaboration, based on a survey of over...
As grocers seek to build ongoing relationships with their customers, driving loyalty in the face of stiff competition, many are turning to subscription models to keep shoppers coming back. Ahold Delhaize subsidiary Giant Food, for one, which operates 164 supermarkets in the DMV area, announced...
As traditional funding methods see headwinds during global macroeconomic challenges, revenue-based financing (RBF) is emerging as a convenient, viable option to bridge working capital gaps and boost business growth. This is primarily because venture capitalists (VCs) are taking an increasingly cautious approach to investing due...
Snap Inc., operator of the Snapchat picture-based texting app, announced Wednesday (June 29) it is launching a subscription service that will essentially be an enhanced version of its traditional advertising-funded platform. Called Snapchat+, the new service will make “a collection of exclusive, experimental, and pre-release...
Netflix says it is working to localize payment methods in the Asia Pacific region to make subscriptions easier for people who want to pay using Unified Payments Interface (UPI), digital wallet and direct carrier billing. “We accelerated this journey of diversifying payment methods nine months...
