Ecommerce

Pet shops left behind as Amazon, Chewy reap benefits from adoption surge

As more people spend time at home and invest in fuzzy friends amid the pandemic, the pet industry ballooned to $100 billion just last year with sales up 9% year over year. However, the profits have disproportionately favored digital retailers, leaving brick-and-mortar pet shops in a rough patch.  

Etsy shares jump on Elon Musk tweet

The business magnate offered some praise for the American e-commerce website after purchasing a hand-crafted Marvin the Martian knitted outfit for his dog.