Pet Care Retailers: How Do Chewy, PetMed Express And PetIQ Stack Up? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
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Newark, NJ, Feb. 16, 2021 (GLOBE NEWSWIRE) As per the report published by Fior Markets, the
global pet care e-commerce market is expected to grow from USD 22.66 billion in 2020 to USD 45.82 billion by 2028, at a CAGR of 9.2% during the forecast period 2021-2028.
Certain critical factors are driving the growth of the global pet care e-commerce market. Some of them include the increasing rate of pet adoption around the world, a booming e-commerce sector, and rising smartphone & internet penetration in developing regions. With more people buying or adopting pets, the demand for toys, animal food, grooming products, and other items is anticipated to increase, thereby driving market growth in the coming years. There is a certain convenience in buying online as one can order from the comfort of their home, and everything is delivered right to the doorstep. A broad variety of products with detailed descriptions are available in online stores. Furthermore, big sales and disco
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Goldman Sachs says Americans have added $1 trillion to money market mutual funds in the pandemic.
That means retail traders influence on the market should only grow in the months ahead.
Goldman says that money could continue to blow up big short bets, just like it did with GameStop.
The GameStop short squeeze and stock bonanza might have felt like a once-a-decade or once-in-a-lifetime event, but Goldman Sachs says it could happen again, and soon.
Even if there were many ways the social media-fueled frenzy in GameStop and AMC Networks and Bed Bath & Beyond was unique, many of its most notable ingredients are still there, according to Goldman Sachs. Chief among them are these two: There are a lot of big short bets on the market, and retail investors still have a ton of money.
PetMed Express (NASDAQ:PETS) posted Q3 earnings of $9.29 million, an increase from Q2 of 11.25%. Sales dropped to $65.90 million, a 12.65% decrease between .