Chewy, Inc. (NYSE: CHWY) recently ANNOUNCED the launch of its first veterinary practices under the brand name “Chewy Vet Care.” The first practice will open in South Florida early this year with additional locations launching throughout 2024, and offer services including routine appointments, urgent care and surgery.
According to Mita Malhotra, President, Chewy Health:
“We partnered with hundreds of veterinarians and customers to design an in-practice and post-visit experience which we believe will be unlike anything in the market, and appreciated by both communities.”
The company plans to open between 4 and 8 new practices by the end of 2024. Internal research conducted by the retailer suggests that 50% of US pet parents would “definitely” or “probably” want to switch to Chewy Vet Care clinics if presented with this service according to GlobalPETS.
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https://www.cnbc.com/2023/03/23/chewy-petco-health-care-growth.html- Chewy and Petco are increasingly reliant on pet health care for sales.
- Petco to Acquire Remaining Stake in Joint Venture with Thrive Pet Healthcare (3.7.22)
https://www.pets.care/news/2022/03/petco-to-acquire-remaining-stake-in-joint-venture-with-thrive-pet-healthcare/
- PetSmart to Offer In-Store Practice Franchise to ‘Independent’ Veterinarians (7.28.22)
https://www.pets.care/news/2022/07/petsmart-launches-in-store-pet-hospital-franchise-to-veterinarians/