Younger consumers are more favorable towards subscription-based payment models - in fact, 77% of millennials said they are more loyal to brands to which they subscribe. This is according to a report from Morning Consult that surveyed respondents on their thoughts on subscriptions.
In recent years, subscription services have become more popular for a wide breadth of businesses: pet food e-commerce companies such as Chewy offer a regular delivery of kibble, litter, and other pet products according to customers’ preferred purchase interval. Beauty company Ipsy delivers personalized cosmetic samples to beauty lovers every month. Restaurants, health care...