Subscription news and archive

Kidpik Q4 revenue down 10 percent, but losses narrow

Kidpik, an online clothing subscription service for children, has reported a 10 percent drop in revenue in the final quarter of the year, though it managed to narrow its losses. Net revenue in the four months ended December 31 fell to 4.74 million dollars from 5.27 million dollars a year earlier, as the number of shipped items decreased to...

Business

Fashion membership club Vivrelle secures 35 million dollar financing round

Vivrelle, a membership club that provides users with access to designer handbags and accessories, has announced the closing of a 35 million dollar Series B financing round, led by 3L Capital. The company also counted actresses Lily Collins and Nina Dobrev and TV personality Morgan Steward McGraw among its investors for the funding. It builds on...

Fashion Featured

Amanda Wakeley launches first rental offering with My Wardrobe HQ

Rental and resale platform My Wardrobe HQ is partnering with British luxury designer Amanda Wakeley to launch her first rental offering in the UK and the platform’s first subscription service for a personal designer wardrobe. My Wardrobe HQ said that the new subscription collaboration with Amanda Wakeley would allow customers to rent more than...

Fashion Featured

Jigsaw launches a fully circular rental, subscription and resale service

Premium high street retailer Jigsaw has teamed up with luxury rental and re-sale platform My Wardrobe HQ to allow UK consumers the opportunity to rent or subscribe to its collections and sell any of their own pre-loved Jigsaw garments. ‘Jigsaw Forever’ is a fully circular rental, subscription and resale service from the retailer and marks the...

Retail

Are retail subscription models long-term viable?

Rent the Runway took the fashion industry by storm with its subscription-based retail model. The idea of renting clothes and returning them, decluttering your closet space, and having a rotating set of new pieces, was very appealing to consumers. While Rent the Runway has had its ups and downs over the year, the business is still going strong...

Business

Kidpik reports 18.7 percent drop in Q1 revenue

Kidswear subscription service Kidpik has reported an 18.7 percent drop in revenue in the first quarter of the year after announcing last month that changes in how data can be used by social media platforms will impact its trading. In the three months to April 1, the company made revenue of 4.3 million dollars, down from 5.3 million dollars in...

Business

Kidpik FY revenue up, but Q4 impacted by new social media data rules

Kidswear subscription service Kidpik has reported an increase in annual revenue, but said changes in how data can be used by social media platforms impacted its trading in the fourth quarter. In the three months to January 1, revenue dropped 10 percent year-over-year to 5.3 million dollars. The company said that changes in data access and...

People

Kid's subscription service Kidpik appoints new board member

Kidpik, an online clothing subscription service for kids, has named Bart Sichel as a new board member. Sichel has over 25 years of experience across various sectors including retail, media, financial service, travel and hospitality. He was previously the chief marketing officer of Burlington Stores and spent 13 years as a partner in the...

Business

Kid's subscription service Kidpik reports increase in Q3 revenue

Kidpik, an online clothing subscription service for children, has reported a 20.3 percent increase in revenue in the third quarter of the year. In the three months to October 2, revenue increased to 5.57 million dollars compared to 4.63 million dollars a year earlier. CEO Ezra Dabah said the increase in revenue was driven “mainly by the...

BusinessFeatured

Kering snaps up stake in handbag rental service Cocoon

Gucci-owner Kering has invested in handbag rental service Cocoon in the latest example of the French luxury giant’s confidence in circular fashion businesses. London-based Cocoon offers its customers a variety of rental memberships starting from 49 pounds per month which they can pay for on a monthly or quarterly basis, giving them access to top...