The Connected Economy: Disney Outperforms Netflix

In today’s connected economy, Disney has just one million more subscribers than Netflix, according to its latest earnings report. And his Warby Parker, a digital eyewear company, continues to expand in brick-and-mortar stores, and Tommy Hilfiger has partnered with resale platform thredUP.

Disney+ subscribers outstrip Netflix just as consumers rethink streaming media costs

With 14.4 million new subscribers joining Disney+ in the quarter ended July 2, The Walt Disney Company’s streaming services (Disney+, ESPN+, and Hulu) now have more paying subscribers than Netflix. proud of

According to the company’s earnings release, the total number of paying subscribers across the three services is 221.1 million, including 152.1 million for Disney+, 22.8 million for ESPN+ and 46.2 million for Hulu. Netflix reported in July that he had 220.7 million paying subscribers at the end of the second quarter.

Disney CEO Bob Chapek said: in the announcement of financial results.

Warby Parker accelerates omnichannel push

Online eyewear brand Warby Parker is pushing further into the omnichannel space by opening 40 new locations and increasing its store count to 201 by the end of the year.

“Now that we are seeing a mix shift similar to 2019 in terms of whether orders are placed in-store or online, there is a certainty that stores will act as billboards and not require as much marketing support. can have [as eCommerce]Co-founder and co-CEO Dave Gilboa told investors during the company’s second-quarter earnings call.

“In general, we see that our e-commerce business has a higher correlation between marketing spend and performance marketing spend,” Gilboa added, noting that the environment is more like 2019 than it was during the pandemic. I was.

Tommy Hilfiger Partners with thredUP to Expand Involvement in Resale Trend

With increasing involvement in the resale trend, Tommy Hilfiger has teamed up with online resale platform thredUP to enable consumers to buy and sell pre-owned apparel, shoes and accessories.

Both companies’ “360-resale” programs allow U.S. consumers to use prepaid shipping labels to send women’s and children’s items from any brand, as well as Tommy Hilfiger men’s items, to thredUP, and receive reimbursement for thredUP’s selected items. Receive Tommy Hilfiger Shopping Credits. for resale.

Esther Verburg, Executive Vice President, Sustainable Business and Innovation, Tommy Hilfiger Global and PVH Europe.

Square partners with digital signage company Raydiant

Payments company Square and experience platform Raydiant have partnered to allow Square merchants to integrate with Raydiant’s Digital Menus app.

According to the companies, the integration will allow merchants to create, schedule, and automatically update digital signage connected to Square’s point-of-sale (POS) system.

Raydiant CEO Bobby Marhama said: “They want simple, streamlined processes that drive sales, keep employees happy and customers loyal. We can shift our focus from operations to hospitality.”


New PYMNTS Survey Finds 3 in 4 Consumers Have Strong Demand for Super Apps

about: A new PYMNTS study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” in collaboration with PayPal, collected responses from 9,904 consumers across Australia, Germany, the UK and the US. Analyzed. It also showed a strong demand for a single multifunctional super app instead of having dozens of separate apps.

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