| Online Pet Stores Prove Profitable The online pet industry has experienced a recent resurgence after once being a symbol of the dot-com bust. PetFlow. More than a decade after Pets. com became an symbol of the dot-com boom and bust, a new (ahem) "litter" of pet product suppliers are now flourishing online, notes the Wall Street Journal . com, an online retailer for pet food, is projecting to break even by the second quarter this year and have $30 million in sales for the year, co-founder Alex Zhardanovsky told the Journal. com as well as online ventures from PetSmart and Walmart. com and Amazon-backed Wag. The company has raised $10 million in venture capital and now ships a million pounds of pet mood monthly. Other players include new entrants like MrChewy. The new success stories now take full advantage of lower barriers to entry in online retailing, and possibly cloud computing services that have drastically cut the cost of computing power and storage, the Journal says. |
Thursday, 8 March 2012
Online Pet Stores Prove Profitable
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