Consumers clearly like subscription services – demand has skyrocketed by 3,000 percent since 2013, according to PYMNTS research. But with rising demand comes rising expectations. Increasingly, merchants that stand out in this crowded space offer diverse subscription options and the option to make a switch when the mood strikes. Krish Subramanian, CEO of Chargebee, discusses the quickly changing space.
Everything is getting done online these days – so why not the path quickest to riches? LottoGopher is a lottery messenger service that, as CEO James Morel tells PYMNTS Karen Webster, takes the hassle out of dreaming big. One thing though: You’re still not guaranteed to win.
Clothing retailer Gap announced news on Tuesday (Oct. 10) that it is dipping its toe in the subscription commerce waters. According to CNBC reports, the company’s baby division has launched its foray into the space and is now offering a baby clothes subscription outfit box.
Another day, another new meal kit option joins the billion-dollar industry. This one is made by New York-based Baldor Specialty Foods, and it’s different because it doesn’t ask consumers to make any commitments by signing up for a subscription.
Google has relaxed its subscription policy, no longer requiring news websites to provide users with three free articles per day or face less prominence in search results.
PYMNTS recently caught up with Ted Farnsworth, chairman and CEO of Helios and Matheson, majority stake owner in theater subscription service MoviePass, to discuss the strategy behind introducing subscription commerce into movie going.
Netflix doesn’t dominate the streaming market just because it got there first. It dominates because it’s the best at what it does. At least, that’s what Dan Burkhart, CEO of the subscription management company Recurly, theorizes. And he’s not alone.
There’s no shortage of subscription commerce services available today. With retailers in the industry offering regular packages filled with everything from health and fitness needs, beauty products and clothing items to pet care goods, meal kits, vinyl records and more, subscription commerce companies have officially caught on, with mounting prevalence in the U.S. and overseas.
Amazon’s acquisition of Whole Foods Market isn’t just a means to create a footprint in the physical retail world. It should also boost membership in the Amazon Prime subscription program.