PetSmart has fetched the biggest e-commerce acquisition to date, even larger than Walmart’s $3.3 billion deal for jet.com last year. The nations’s largest pet-supplier has acquired Florida-based Chewy.com, the markets No. 1 online pet retailer.
According to Recode’s sources, the deal in place is valued at $3.35 billion. Chewy’s active e-commerce customer and culture centered around a love of pets is the ideal partner for PetSmart’s large store footprint. Chewy has seen explosive growth after being founded by Ryan Cohen and Micheal “Blake Day” in 2011. The privately held company registered $26 million in sales during its first full year in business and logged more than $900 million in sales in 2016, the company said. Although it was not yet profitable, Cohen said in February Chewy was projected to increase revenues to nearly $2 billion this year — nearly a 7,600 percent growth spurt in just six years.
Chewy will operate as an independent subsidiary of PetSmart run by Cohen and will remain focused on its current business strategy, while PetSmart will continue to execute its strategic initiatives across the combined company, PetSmart said.
Amazon has released the new, echo look. A $200 gadget that uses its depth-sensing camera and LED lights for style selfies and fashion advice. It lets people take full-length photos and videos of their outfits using just their voices, so they can more easily compare looks and share their fashion pictures with friends.
The new device, which will include the same Alexa voice assistant as other Echo devices, is available by invite only to US customers. Invites will be granted on a rolling basis.
MealPal, a meal subscription plan, is attempting to resuscitate the workday lunch break, while giving it a makeover. One in five employees take a lunch break during the work day, and 28% rarely or never take a lunch break. Due to the monotony of eating the same thing day after day, MealPal are looking to give employees the motivation to duck out of work for a few minutes.
Mary Biggins, the cofounder of MealPal, thinks that a similar subscription-based model to her fitness service ClassPass will reinvent the lunch break. Biggins said MealPal was created to help meet the demands of both customers and restaurant owners by offering both parties a subscription-based plan designed to encourage office workers to cash in on their lunch breaks. Members choose a 30-day subscription plan, which costs around $6 per meal
Starting the day before pickup, members can choose the restaurant they want to visit between 5:00 p.m. and 9:30 a.m. the next day. The MealPal website and app displays an image of each restaurant’s designated MealPal meal, including the ingredients, and the customer can select the meal and schedule a pickup time. When lunchtime rolls around, they can skip the line when they arrive for pickup, and their meal will be waiting for them.
Amazon just won the patent for “on-demand apparel manufacturing,” in which machines only start snipping and stitching once an order has been placed.
The computerized system would include textile printers, cutters and an assembly like, as well as cameras designed to snap images of garments that would provide feedback on alterations needed. In order to increase efficiency, the goods would be manufactured in batches based on factors such as the customer shipping address.
By aggregating orders from various geographic locations and coordinating apparel assembly processes on a large scale, the embodiments provide new ways to increase efficiency in apparel manufacturing.
Amazon applied for the patent in late 2015 and it is yet to be determined if such a facility is being built. The e-commerce giant has its sights set on being a giant player in the clothing industry.
I am currently a senior majoring in Retailing and Consumer Sciences while minoring in e-commerce. I hold the position of Social Media Manager for the Terry J. Lundgren Center For Retailing at the University of Arizona, where I am responsible for creating social media platforms that not only enhance our brand but also educate the world about retail trends. I am what you call a Retail Enthusiast, I am intrigued by the way the retail industry is evolving and what it has to offer. In my free time, I enjoy the outdoors, yoga, good music, and good company.