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Apparel The Rise Of eCommerce Platforms For Pets

The Rise Of eCommerce Platforms For Pets, Apparel

June 14, 2021 at 04:00PM
by PYMNTS

Pet supply retailer Chewy reported a surge in sales in its latest quarter, as it brought droves of new customers onto its platform. And in the stock market, vintage goods marketplace 1st Dibs made its trading debut on the heels of monday.com’s initial public offering (IPO). 1st Dibs’ introduction to the public market comes also closely follows Etsy‘s acquisition of secondhand fashion site Depop. All this, Today in Data.

Data:

$950M: Approximate market cap of 1st Dibs as of Friday (June 11).

$400: Minimum amount that Chewy’s customers historically spend in their second year.

$20: Amount at which 1st Dibs priced shares in its IPO.

4.7M: Number of new customers Chewy added last quarter.

$2.14B: Chewy’s net sales for Q1 fiscal 2021.