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Last week, PetSmart (the largest U.S. pet retailer) announced it was acquiring e-commerce pet startup Chewy.com for $3.35 billion, making it the largest e-commerce acquisition ever. According to APPA, Americans are projected to spend $69.36 billion on our pets this year, so it’s a safe bet.
“The retail landscape has shifted dramatically,” said Phil Mays, principal with RocaPoint Partners. “Shoppers can purchase anything online, but what they really want are omni-channel options.”
As brick-and-mortar is adapting to changing behaviors, I’m just glad to have options for my Labmaraner’s food and toys.