Chewy, Inc. is an American online retailer of pet food and other pet-related products based in Dania Beach, Florida. In 2017, Chewy was acquired by PetSmart for $3.35 billion, which was the largest ever acquisition of an e-commerce business at the time. The company completed its initial public offering on March 10th 2019 to raise $1 billion. It was founded under the name “Mr. Chewy” by Ryan Cohen and Michael Day in June 2011. The company hired former employees and executives from Amazon, PetSmart, Whole Foods Market, and Wayfair in April 2012 when it began to employ a strategy known as “vertical integration” that involved specializing in one product category. From 2014 to 2015 sales doubled from $205 million to $423 million.
Chewy
Chewy, Inc. is an American online retailer of pet food and other pet-related products based in Dania Beach, Florida. In 2017, Chewy was acquired by PetSmart for $3.35 billion, which was the largest ever acquisition of an e-commerce business at the time. The company completed its initial public offering on March 10th 2019 to raise $1 billion. It was founded under the name “Mr. Chewy” by Ryan Cohen and Michael Day in June 2011. The company hired former employees and executives from Amazon, PetSmart, Whole Foods Market, and Wayfair in April 2012 when it began to employ a strategy known as “vertical integration” that involved specializing in one product category. From 2014 to 2015 sales doubled from $205 million to $423 million.