The Digital Shift In Retail Subscriptions And Back-Office Technology
Amazon, Walmart and Apple are pursuing subscription business, months after Apple announced its Apple One bundled offering in June. Peloton‘s fiscal Q1 2021 performance exceeded expectations with rises in total revenue, connected fitness subscriptions and digital subscriptions. And in the back office, accounts payable (AP) and accounts receivable (AR) automation efforts are becoming more commonplace amid COVID-19. All this, Today in Data.
$757.9M: Peloton’s total revenue in Q1 2021 amid a quarter that blew through Wall Street expectations.
68%: Share of consumers who report having Amazon Prime.
29.8%: Portion of American consumers who are without at least one of the Amazon or Walmart services.
24.4M: Number of consumers at risk of canceling their services once the pandemic recedes.
1.33M: Minimum number of Peloton Connected Fitness Subscriptions in Q2 2021.*