When one subscription service closes, another one opens. Or something like that. We have all the news on who’s thriving, who isn’t so much, and other big stories from the retail frontlines.
The Penny Drops
J.C. Penny’s menswear clothing subscription service, aimed at big and tall men, is coming to an end. The move comes less than 15 months after the retailer launched the program, in partnership with Bombfell. Penny reportedly struggled with customer acquisition costs at a time when they’re having a difficult time merely trying to find any customers at all.
Burt Flickinger, managing director of Strategic Resource Group, told Reuters that the big and tall vertical is among “fastest growing” in retail, valuing the category at roughly $25 billion. But, he added, “neither Penney nor Bombfell really has the size or the scale now to take the partnership forward.”
In food subscription news, successful New York-based lunch subscription service Meal Pal has launched in Austin, Texas. Offering discounted lunch packages at local favorites, subscribers pay $5.99 per meal for 20 lunches, or $6.39 per meal for 12 lunches. The service was founded by ClassPass cofounder Mary Biggins and Katie Ghelli in 2015 and currently serves more than 20 cities around the world.
Day of Reckoning
Amazon makes retail headlines again, this time for rolling out a feature called “Amazon Day” that will let Prime members choose a day of the week for their parcels to arrive. Recent orders will be grouped together and arrive on members’ chosen delivery date, ideally reducing the number of boxes and number of times delivery agents have to travel to a Prime member’s home.
Amazon has tested the practice with an undisclosed number of Prime candidates and confirmed that box waste was reduced by the tens of thousands.
Amazon has tested the practice with an undisclosed number of Prime candidates and confirmed that box waste was reduced by the tens of thousands. One small step for Amazon, one giant leap for retail sustainability as a whole.