Costco is taking a page from Netflix’s book, cracking down on membership sharing, but the wholesaler may be overlooking a key difference between its membership and the streaming service’s. In an emailed statement to PYMNTS, a Costco spokesperson confirmed that the company would check members’...
Meta has launched a new subscription service on games for its virtual reality (VR) headsets. The new Meta Quest+ provides two “handpicked” titles a month, Meta said in a Monday (June 26) tweet. Introducing Meta Quest+, a new VR subscription with two handpicked titles every month. 🔥...
The FTC is reportedly sending a message to all retailers with its lawsuit against Amazon. The Federal Trade Commission’s (FTC’s) lawsuit alleging that the retailer uses deceptive tactics to sell its Prime subscription program is likely meant to put other merchants on notice and to...
Whatever the outcome of the Federal Trade Commission’s suit against Amazon, the action is sure to raise larger debate over, and perhaps a retooling of, subscription business models in general. And that might have seismic impacts well beyond Amazon. As reported on Wednesday (June 21),...
With fast-casual giant Panera Bread continuing to see increased loyalty from its beverage subscription program, smaller fast-casual brands are looking to emulate that success with item giveaway subscriptions of their own. For instance, in an email sent out to customers (reprinted by email newsletter archive...
The retail subscription sector is feeling the pain of financially tapped-out consumers or those simply disenchanted with the workings of subscription plans, making retention strategies and increasing lifetime value (LTV) the mission for subscription merchants in the second half of 2023. This effect is evident...
The retail subscriptions industry is losing momentum as economic pressures cause subscribers to shift behaviors and reevaluate their subscriptions. PYMNTS’ research identifies “loyalists” as a crucial subscriber group responsible for 79% of total revenue for retail subscription firms. These customers are discerning, expecting feature-rich and...
As consumer packaged goods (CPG) companies look to build loyalty and maintain consistent sales, subscription offerings can go a long way, but Amazon’s popular Subscribe & Save program may not be the best fit for smaller brands, as Bean Box has observed. In an interview...
Netflix’s password-sharing ban hasn’t hurt its subscriber numbers. The streaming service announced May 23 it would begin efforts to block password sharing. Since then, subscription research service Antenna said last week, Netflix enjoyed the four single largest days of U.S. user acquisition in the 4½ years Antenna has been...