Chewy takes a bigger bite out of the pet products market
WEBMar 31, 2021 · The online pet products retailer reported that net sales grew 51 percent to $2.04 billion during the fourth quarter, with a net profit of $21 million. Chewy revealed that its net sales for 2020 grew $7.15 billion, with improvements in gross margin. The retailer, which picked up nearly 43 million new customers in 2020, said positive sales trends ...
Has Chewy.com proven that online sales are going to the dogs?
WEBMar 10, 2017 · Research conducted last year by Slice Intelligence found that online spending on pet supplies increased 67 percent between July 2015 and 2016. Fifty-seven percent of online dollars for cats and dogs is spent on food and treats, according to Slice’s findings. The revenue generated by pet food and treat sales has …
Will Amazon’s Pet Day take a bite out of Chewy? - RetailWire
WEBMay 3, 2022 · Amazon accounted for 46 percent of the pet category’s online market share in 2020 and Chewy, 35 percent, with each expanding pet product sales by over 40 percent. While brick and mortar still accounts for the majority of the category’s sales and supports in-store pickup and same-day delivery, Amazon and Chewy have first-mover advantages.
Are Chewy and PetSmart better off apart? - RetailWire
WEBOctober 30, 2020. George Anderson. What started as a relationship with such promise is coming to an end. That’s the story of Chewy and PetSmart. A little more than three years after PetSmart’s acquisition of the online pet products retailer was announced, the private equity owner of the companies has decided to split them apart.
Petco CEO isn’t losing sleep over inflation - RetailWire
WEBMar 24, 2022 · The retailer is also expanding its veterinary services with plans to have pet hospitals on-premises in 900 stores. Further, Petco is looking to bundle its pet products, grooming services and veterinary care into subscription revenues with Vital Care, a program that offers unlimited vet visits plus discounts on food and grooming for $19.99 a month.
The Artists Behind Chewy’s Viral Pet Portraits Are ... - RetailWire
WEBAug 22, 2023 · Chewy, known for surprising customers with personalized pet portraits, is facing backlash from its artists over a new contract that restricts creative control. The company recently increased the artist fee for each portrait but introduced a more-restrictive contract that limits the number of portraits an artist can paint and forbids them from ...
Will Americans go to Lowe’s to buy dog food? - RetailWire
WEBJanuary 27, 2022. George Anderson. Lowe’s customers in several states will not only be able to buy products for their household projects in the chain’s stores but can now also shop for dog food and other pet products. The home improvement chain and Petco Health and Wellness Company are opening store-within-a-store pet products shops as part ...
Christmas commercials are going to the dogs, cats, guinea pigs
WEBDec 14, 2021 · Fifty-six percent of Americans plan to buy their pets gifts for the holiday season, according to the American Pet Products Association, up from 51 percent last year and 47 percent in 2019. Spots from Chewy, L.L.Bean, Petco and Petsmart all seek to connect with pet parents through their love for their fur babies.
Chewy is barking up the right tree when it comes to ... - RetailWire
WEBJan 6, 2021 · Chewy is barking up the right tree when it comes to customer loyalty. January 6, 2021. George Anderson. Chewy’s customers have been singing its praises since the online pet products retailer launched in 2011. The company has built a loyal following with the fundamental understanding that pet parents regard their fur babies as significant ...
How Long Will Pet Retailers Remain in the Doghouse?
WEBDec 12, 2023 · How Long Will Pet Retailers Remain in the Doghouse? December 12, 2023. Tom Ryan. Shares of Chewy and Petco are down by around 49% and 64%, respectively, in 2023 as pet adoptions have declined and the pet category has proven to be less resistant to macroeconomic pressures than predicted. “Whether economies are up or down, the pet market tends ...