subscriptions

The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product. The model was pioneered by publishers of books and periodicals in the 17th century, and is now used by many businesses and websites.

Source: en.wikipedia.org

Cocktails by Subscription as Alcohol Brands Tap Recurring Payments

Cocktails by Subscription as Alcohol Brands Tap Recurring Payments
Cocktails by Subscription as Alcohol Brands Tap Recurring Payments
January 10, 2024  |  Subscriptions

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,...

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Coffee Subscriptions Can Yield Double-Digit Transaction Growth for QSRs
Coffee Subscriptions Can Yield Double-Digit Transaction Growth for QSRs
January 10, 2024  |  Subscriptions

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....

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Half of Loyal Customers Have Multiple Subscriptions, Data Shows
Half of Loyal Customers Have Multiple Subscriptions, Data Shows
January 10, 2024  |  Subscriptions

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...

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Rent the Runway Cuts 10% of Corporate Staff 
Rent the Runway Cuts 10% of Corporate Staff 
January 09, 2024  |  Retail

With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff. The company plans to let go of about 10% of its corporate employees, it...

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Top Subscription Merchants Know the Value of Social Media
Top Subscription Merchants Know the Value of Social Media
January 08, 2024  |  Subscriptions

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....

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Dating Apps Target ‘Dating Sunday’ Boom to Push Paid Plans
Dating Apps Target ‘Dating Sunday’ Boom to Push Paid Plans
January 08, 2024  |  Subscriptions

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...

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BNPL Sways 1 in 5 Subscribers Eyeing Post-Introductory Discount Cancellations
BNPL Sways 1 in 5 Subscribers Eyeing Post-Introductory Discount Cancellations
January 08, 2024  |  Subscriptions

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...

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1 in 4 Retail Subscribers Use Auto-Refill
1 in 4 Retail Subscribers Use Auto-Refill
January 05, 2024  |  Consumer Insights

With many retail subscribers now relying mainly on auto-refill subscriptions for their shopping, PYMNTS Intelligence reveals, retailers must adapt and embrace this growing trend to...

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