Macro-Level Issues Are Keeping Chewy in the Doghouse
Pets.com stock from the early 2000s was the poster child for stocks that soared on hype and then tanked and disappeared as part of the dot-com crash. Evidently, consumers weren't ready to embrace pet-supply e-commerce.
While Pets.com may have been ahead of its time, online retailer Chewy (NYSE: CHWY) -- which spun off from PetSmart into a public entity in 2020 -- has had some success, in part thanks to a pandemic-driven turn toward more use of e-commerce.
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Source Fool.com
