With pets proving to be a financial strain for many consumers, Chewy has been seeing them hold off on adopting new pets until inflation eases up. Now, some people are finally ready to take on the responsibility. Chewy CEO Sumit Singh said during a call...
As online retail subscriptions gain share from physical stores, Chewy is leveraging its Autoship auto-fill program to win customers from its more traditional competitors. The company shared in a letter to shareholders accompanying its fourth quarter and full year fiscal 2023 financial results Wednesday (March 20)...
The rise of digital retail subscriptions has provided consumers with convenience such as scheduled deliveries of regularly used items, eliminating the need for frequent trips to physical stores. Millennials are at the forefront of this trend, with 39% of them relying on subscriptions for most...
As brands and retailers continue to find new ways to prevent returns, one begs to ask: Are they working? As per an National Retail Federation report, following two years of increasing returns rate, the percentage of returns decreased to 14.5% of total retail sales in...
January 26, 2024
The rise of digital retail subscriptions has provided consumers with convenience such as scheduled deliveries of regularly used items, eliminating the need for frequent trips to physical stores. Millennials are at the forefront of this trend, with 39% of them relying on subscriptions for most or all of their shopping needs. This generation values convenience […]
January 16, 2024
The pet category is booming. Booming more than ever, one could say. In fact, the global pet care market has reached $235.32 billion and is expected to keep growing from...
March 06, 2023
The American Society for the Prevention of Cruelty to Animals (ASPCA) estimates that one in five U.S. households acquired a pet dog or cat during the pandemic. Beyond the toys...
August 28, 2024
Chewy said its investment in veterinary clinics is helping it attract new customers. The online pet product retailer released quarterly earnings Wednesday (Aug. 28) showing net sales increasing nearly 3% to $2.86 billion in the second quarter. CEO Sumit Singh told analysts during an earnings call that the company’s vet care clinics, two of which […]
December 14, 2023
Pet products retailer Chewy is launching “Chewy Vet Care,” a network of pet health practices. The first of these veterinary practices will open in South Florida in early 2024, with more to come as...
November 14, 2023
Online pet supplies retailer Chewy has recently undergone a round of layoffs, impacting over 200 employees across multiple locations. The layoffs include roles in human resources (HR), recruiting, data and business intelligence,...
September 28, 2023
GameStop has named Chewy co-founder Ryan Cohen as its president, CEO and chairman. Cohen, who had been executive chairman at GameStop, relinquished that title when taking on the new roles,...
