Kibo Releases Subscriptions Management To Help Retailers Boost Revenue and Customer Loyalty
Kibo Subscriptions Management empowers retailers to drive sales and customer loyalty by enabling revenue streams from products and services offered on a subscription basis. Kibo Subscriptions Management further allows retailers to provide their customers with convenient, ongoing, recurring subscriptions of frequently used products, such as cosmetics, pet food or other household items.
Subscriptions can be leveraged by retailers to fuel the discovery of new products through curated boxes, where the retailer specifically chooses items that go into each package. With Kibo Subscriptions Management, retailers are also able to offer customers access to exclusive VIP perks, such as special products and services on a subscription basis.
According to a recent Kibo survey of over 1,000 adults across the U.S., 36% of respondents currently receive physical products on a subscription basis from a business. Of this group, 46% of respondents signed up for a subscription as a result of the COVID-19 pandemic, with 85% planning to keep the subscription post-pandemic.
Kibo also discovered the following about the current state of product subscriptions:
"By adding native subscriptions capabilities to our composable commerce platform, we continue to allow our clients to rapidly accelerate their digital transformation initiatives," explained Kibo's chief product & technology officer, Ram Venkataraman. "Kibo Subscriptions Management will allow retailers to create the convenient, cost-saving experiences that shoppers crave."
Kibo was recently named by global research and advisory firm Forrester Research as the sole Leader in The Forrester Wave™: B2C Commerce Solutions, Q2 2022. According to Forrester, "Kibo is a best fit for digital businesses that prioritize a preintegrated platform with shared services across functional areas."
Learn more about Kibo Subscriptions Management.
Kibo is the catalyst for modern commerce transformation. As the only composable yet, unified commerce platform, Kibo enables retailers and brands to customize their commerce stack to satisfy business needs. Kibo combines AI-driven personalization from industry leaders Monetate and Certona, with analyst-leading composable commerce and enterprise-grade order management. Global clients like Reebok, Office Depot, and Lufthansa Group rely on our API-first architecture that empowers organizations to grow their commerce capabilities at the speed of digital transformation.