Petco soared as much as 73% in its first day of trading on Thursday. The pet-centric retailer raised $US817 million in its IPO debut after its shares priced at $US18. The IPO frenzy has continued into 2021 following the trading debut surges of Affirm and PoshMark. Sign up here for […]
Half of consumers plan to buy pet supply gifts over the holidays. The average buyer will spend $US90 on pet supplies for the 2020 holidays. All the coronavirus pet adoptions have led to booms for pet supply stores. Visit Business Insider’s homepage for more stories. The upcoming holiday season is […]
Petco is furloughing many of its 25,000 national employees, according to a letter sent to staffers by chief stores officer Justin Tichy on Wednesday and obtained by Business Insider. In the letter, Tichy wrote that grooming salon workers, however, will be permitted to continue working “based on the current status […]
A number of major retailers will be closing their doors on Thanksgiving this year. You won’t be able to make a last-minute turkey run at Costco,Sam’s Club, or BJ’s. A number of these retailers will host Black Friday events the following day, however. Visit Business Insider’s homepage for more stories. […]
Petco is opening upscale kitchens in its stores where chefs will prepare human-grade meals for pets. The meals cost $US6 to $US12 and include options like turkey and whole-wheat macaroni and venison and squash. “You can come in and see, smell, and touch the product that’s being made here in […]
Petco has a policy: “All leashed pets are welcome.” A couple in Texas decided to test that policy and brought a 1,600-pound steer to their local store. It actually went well! Yes, there’s video. If you didn’t know, Petco has a policy. It states: “all leashed pets are welcome.” Recently, […]
Petco has launched a new store called PetCoach that’s like a cross between Amazon Go, a veterinary hospital, and a grooming salon. Shoppers can pay $US9 a month to access PetCoach services at a discounted price. Membership perks include free veterinary visits at the on-site animal hospital and usage of […]
The BI Intelligence team tested out Apple Pay on launch day.
Last year, the U.S. Food and Drug...