Tag Archives: PetSmart

PetSmart acquires Chewy.com for $3.35 billion

Commentary

After Walmart’s acquisition of Jet.com for $3.3 billion last year, another traditional brick and mortar retailer is getting into the online business. Last week, PetSmart, the American retail chain that sells pet supplies and services, has acquired pet ecommerce site Chewy.com for a jaw-dropping price tag of $3.35 billion. The deal is said to be the biggest ecommerce acquisition in history. According to analysts, PetSmart stands to reap several benefits from the deal including a broader customer reach, better digital marketing, expanded omnichannel capabilities, and a bright spot in the future of shopping. According to reports from BI Intelligence, ecommerce is truly becoming the future of retail with a projected growth of $632 billion in 2020.