Author: PYMNTS
No pet parent relishes the idea of their dog traveling in the cargo hold of an airplane. A new service by subscription dog treat company BarkBox aims to end that situation for pet lovers who can afford it. As reported by Bloomberg News on Friday (April 12), Bark Air let the dog owners reserve flights on a Gulfstream 550 private jet, with all family members traveling in the main cabin. According to the report, the airline will offer weekly flights from New York to Los Angeles — and LA to NY — as well as twice-monthly flights from New York…
As direct-to-consumer food providers compete to become more relevant to consumers’ daily lives, ButcherBox is expanding its reach into pet food, creating more occasions for its customers. D2C meat and seafood brand launched it ButcherBox For Pets line Feb. 27. founder and CEO of ButcherBox Mike Salguero discussed in an interview with PYMNTS the opportunity the space presents for the brand, given the high level of pet ownership among its human food customers. “[B]before we entered [the category], of our membership base, 60% of them have a dog and 75% report having a pet — a cat or a dog,”…
As direct-to-consumer food providers compete to become more relevant to consumers’ daily lives, ButcherBox is expanding its reach into pet food, creating more occasions for its customers. D2C meat and seafood brand launched it ButcherBox For Pets line Feb. 27. founder and CEO of ButcherBox Mike Salguero discussed in an interview with PYMNTS the opportunity the space presents for the brand, given the high level of pet ownership among its human food customers. “[B]before we entered [the category], of our membership base, 60% of them have a dog and 75% report having a pet — a cat or a dog,”…
With pet parents proving to be a digitally engaged group, often willing to splurge, DoorDash is taking advantage of the on-demand delivery opportunity to expand consumer use of its retail offerings. The nation’s leading aggregator announced Tuesday (Feb. 27) a same-day delivery partnership with Pet Supplies Plus, the largest independent pet retailer in the United States, to deliver on-demand from the chain’s 720 stores. “Since launching the Pets vertical in 2020, DoorDash has more than 400,000 pet products available for on-demand delivery,” DoorDash VP of New Verticals Fuad Hannon said in a statement. “We’re excited to expand our selection even…
Traditional brick-and-mortar pet supply stores may want to watch their backs, as digital native players keep shoppers at home with subscription options. By the Numbers The PYMNTS Intelligence report “The Replenish Economy: A Deep Dive of Household Supply” was drawn from a survey of more than 2,000 US consumers in September to better understand their subscription habits and how it affects their overall shopping habits. The results revealed that of the 15% of retail subscribers participating in the Chewy’s Goody Box pet food and toy subscription program, 53% now shop in stores more often, with 11% of program participants no…
As consumers increasingly turn to digital channels to feed their fur babies, General Mills is seeing in-store pet food sales decline, even as eCommerce continues to grow in the category. The food giant shared in prepared statements in conjunction with the release of fiscal 2024 second quarter earnings on Wednesday (Dec. 20) how the category has changed. “The US macro environment continues to be hostile to premium pet food, as pet parents show greater mobility and seek value,” said General Mills CEO Jeff Harmening. “We’re also seeing a more significant shift in channel performance, with a double-digit decline in retail…
Pet care marketplace Rover is set to be acquired by private equity firm Blackstone for $2.3 billion. “We are excited for the next chapter in Rover’s story and look forward to working with the Blackstone team, who share our belief, excitement and strategic vision,” said Aaron Easterly, co-founder and CEO of Rover, in a press release. news Wednesday (Nov. 29). Easterly added that the acquisition allows Rover to “continue to invest in our business in service of our mission to make it possible for everyone to experience the unconditional love of a pet in their life.” Founded in 2011, Rover…
The pet category is booming. Booming more than ever, one might say. In fact, the global pet care market has reached $235.32 billion and is expected to continue to grow from $246.66 billion in 2023 to around. $368.88 billion by 2030. But how did we get here? The pandemic and the growing interest in pet ownership have pushed people to consider their furry companions as members of the family. This change has generated an increased demand for stylish pet accessories, high-quality pet food, and excellent health care. Recognizing this trend is Chewy, which has expanded its services beyond eCommerce. In…
Consumers are increasingly connected to social media, and retailers are taking notice. In a bid to boost engagement and sales, traders have taken to social media platforms to promote their wares. In turn, these platforms make it easier for consumers to buy the things they want instantly. For example, TikTok launched the TikTok Shop in the US in September, bridging the gap between retailers and consumers. “Tracking the Digital Payments Takeover: Monetizing Social Media,” a study conducted by PYMNTS Intelligence and Amazon Web Services, examined consumer use of social media to review and purchase items. As part of this study,…
About 1 in 5, or 23 million, American households welcomed a new furry friend during the pandemic. However, the significance extends beyond the surge in pet adoptions. People are increasingly recognizing that furry companions occupy a special and cherished place not only in their hearts but also in their homes. This sentiment is now used by CareCredita Synchrony product, in its recent partnership with Pet Destinationa provider of veterinary care and pet services. With this partnership, CareCredit aims to offer its go-to financing solution at all Destination Pet locations nationwide, which include boarding, daycare, grooming, training, veterinary care, and pet…