As artificial intelligence makes its way into more kitchen devices, kitchenware companies are noting the opportunity to drive not only sales of smart appliances but also recurring revenue via ongoing subscriptions, as CES 2024 revealed. One such device on display at the consumer electronics event...
Auto-fill services enable merchants to reach the highest-value subscribers, driving long-term revenue. By the Numbers Supplemental research from PYMNTS Intelligence’s report “The Replenish Economy: A Household Supply Deep Dive” highlighted in Karen Webster’s Monday (Jan. 8) feature “The Eight Pivotal Strategies for Payments and the...
Barsys and ReserveBar are launching a personalized cocktail subscription service, as more alcoholic beverage memberships emerge as part of the industry’s slow digital transformation. Barsys, a consumer robotics company offering smart mixology devices, announced Wednesday (Jan. 10) a partnership with alcoholic beverage eCommerce platform ReserveBar...
As more coffee shop chains try out beverage subscriptions to boost traffic, new data suggests that these programs can drive significant increases in customer frequency. According to a recent report from Manchester, U.K. publication Mancunian Matters, citing data from the country’s National Office of Statistics,...
Retail product subscribers’ spending patterns and demographics can vary significantly, and understanding these dynamics can aid providers in minimizing churn and targeting the most valuable clientele. Against this backdrop, subscription models have emerged as a prominent feature, offering a range of benefits such as frequency,...
The most successful retail subscription companies see the value of tapping into social media apps’ wide audiences, while underperformers tend to abstain from these platforms. By the Numbers The most recent installment of PYMNTS Intelligence’s Decision Guide series, “The Retail Subscription Features That Make Top-Performing...
With consumers following up on their New Year’s resolutions to get out there, dating apps are looking to seize on the start-of-year boom to drive adoption of their paid offerings. Sunday (Jan. 7) was Dating Sunday, the first Sunday of the year, so named by...
Buy now, pay later (BNPL) has quickly become the preferred choice for consumers, particularly millennials. In fact, nearly 40% of millennials have utilized BNPL in the last year, outpacing other age groups. Recent data by PYMNTS Intelligence reveals that this payment method has a significant...
For subscription commerce merchants, payment recovery methods are vital to protecting revenue, and the more such methods, the better. By the Numbers The PYMNTS Intelligence report “Decision Guide: Adopting Subscription Companies’ Top-Performing Payment Recovery Strategies” drew on a survey of 200 executives in the subscription...