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Subscription Boxes

Birchbox, Blue Apron, and similar with high churn. Model lost appeal post-pandemic.

📊 Evidence

  • Blue Apron down 95% since IPO
  • Average 40% annual churn
  • Birchbox sold at liquidation price
  • Very high acquisition cost

⚠️ Risks

  • Structurally high churn
  • Subscription fatigue
  • Expensive logistics
  • Hard to personalize at scale

💡 Opportunities

  • B2B niches (office, coffee)
  • Essential consumable products
  • Premium with real curation
  • Community + product

Verdict

Declining model. Only works with essential product or unique experience.

72 of 100

Saturation Score

High saturation. Proceed with caution.

Trend ↓ Falling
Category E-commerce & Varejo

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