Tag: subscriptions

Online Auto Sales, a Rising Trend Post COVID-19: The Michael Oz, Online Auto Broker Since 2012, Launching Online Luxury Car Subscriptions & Yacht Charters in Palm Beach

Online Auto Sales, a Rising Trend Post COVID-19: The Michael Oz, Online Auto Broker Since 2012, Launching Online Luxury Car Subscriptions & Yacht Charters in Palm Beach

Fort Lauderdale, FL, September 21, 2020 –(PR.com)– The pandemic has resulted in auto sales plummeting globally – a quarterly decline of 10.4 percent for sales in the U.S. was reported at the end Q1 2020. However, as there is a record-breaking increase in e-commerce across industries, online car buying options are emerging as increasingly appealing to consumers in times of COVID-19. What may have been an extra feature, touchless delivery, has become the new norm.

The COVID-19 crisis may have upended auto sales throughout USA, but it has certainly accelerated online sales for the auto industry, making it the latest trend for car dealers, retailers, and even manufacturers. That’s now, but for the past decade or so, this industry has been largely reluctant to embrace online sales due to the fear of disrupting their profitable showroom operations. Although, a few manufacturers like Tesla have been selling vehicles online for years,

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Rent the Runway overhauls subscriptions as pandemic reshapes business

The Rent The Runway store, an online subscription service for women to rent designer dress and accessory items, is seen in New York City, New York, U.S., September 12, 2019.

Shannon Stapleton | Reuters

Rent the Runway is overhauling its membership plans, doing away with an unlimited rental option, as consumers change what they wear and how they shop for clothes during the coronavirus pandemic. 

CEO Jenn Hyman said the changes have been in the works for about 18 months, even before Covid-19.

The pandemic, however, has accelerated many of the decisions and investments that the company is making. It announced plans last month to permanently close its stores, shifting its focus to digital and expanding its network of drop boxes. 

“There are of course going to be a segment of unlimited users who are extremely upset about this decision … and this isn’t a decision we made lightly,” Hyman

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