With sales continuing to slide, Petco is launching a three-pronged strategy to engage pet parents. The pet care and pet supply retailer released earnings Wednesday (May 22) showing net revenue of $1.5 billion, a 1.7% decline since the same quarter in 2023. While Petco’s consumables business rose 0.1% and...
With pet parents proving to be a digitally engaged group, often willing to splurge, DoorDash is seizing on the on-demand delivery opportunity to expand consumers’ adoption of its retail offerings. The nation’s leading aggregator announced Tuesday (Feb. 27) a same-day delivery partnership with Pet Supplies...
Even as subscription rates falter overall, the robust offerings of pet supply subscriptions — plus the emotional attachment to beloved pets — have bolstered the segment’s margins. Time and again, consumers make clear that people plain love their pets. From only buying the best to ridesharing apps and...
Despite the economic changes, pet essentials remain highly valued by pet parents. However, Bark, the omnichannel dog brand known for its BarkBox and Super Chewer pet subscription boxes, has faced challenges in securing a top position on consumers’ priority lists. The company reported net losses...
July 05, 2024
As Amazon and Walmart gear up for their summer deals events, digitally native brands are seeing the opportunity to scale in ways that would never be possible without these shopping surges. For Pawstruck, an online pet supply company, Prime Day represents a crucial opportunity for growth and visibility. Founded in 2014 by CEO Kyle Goguen, […]
July 20, 2023
Even as subscription rates falter overall, the robust offerings of pet supply subscriptions — plus the emotional attachment to beloved pets — have bolstered the segment’s margins. Time and again,...
June 14, 2019
The traditional method of finding a lost pet worked well enough. A distraught owner might tape or staple some homemade signs around the neighborhood, knock on doors, put out some...
July 14, 2018
Here at PYMNTS, we see it all, often in the form of press releases – most of which claim to be the next big thing in retail, commerce and financial services. These days,...
May 22, 2024
With sales continuing to slide, Petco is launching a three-pronged strategy to engage pet parents. The pet care and pet supply retailer released earnings Wednesday (May 22) showing net revenue of $1.5 billion, a 1.7% decline since the same quarter in 2023. While Petco’s consumables business rose 0.1% and its services/other business climbed 4.2%, this growth was offset by […]
February 27, 2023
Pet food maker Freshpet recorded its best growth in eight years during the close of 2022. The New Jersey-based company, which makes refrigerated dog and cat food, announced Monday (Feb....
December 09, 2022
Pet owners are paring back on nonessentials but boosting their purchases of the basics. Online pet product supplier Chewy reported Thursday (Dec. 8) that its 14.5% year-over-year growth in net...
April 03, 2019
In a move that could raise at least $100 million, Goldman Sachs-backed online pet shop Boqii Co. is planning an initial public offering (IPO), per unnamed sources. The eCommerce firm,...
