Retail News
Pet healthcare is key for Chewy and Petco’s future prospects
The Wall Street Journal 03/24/2023Pet healthcare services such as pharmacy and veterinary clinics and their high margins are an essential part of the growth strategies at Chewy and Petco. “A puppy that was, you know, adopted or bought, during 2020 is now three years old. As they get older, they’re only going to require more health care,” said Anna Andreeva, a senior equity research analyst and managing director at Needham and Company. “And I think both companies are being smart in developing those verticals.”
Source: The Wall Street Journal
Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!