PetSmart will use proceeds from the Chewy IPO for working capital and general corporate purposes, according to filings.
Pet owners are increasingly using CBD to treat their animals, but Chewy CEO Sumit Singh says the retailer isn't thinking about selling it just yet.
A number of retailers, such as Lululemon and Best Buy, and restaurants over the past few weeks have reported explosive growth of e-commerce sales, helped by their stores.
Shares of Beyond Meat were up slightly Thursday after falling about 4% in premarket trading after Tyson Foods announced plans to launch plant-based nuggets this summer.
RH tops earnings and revenue estimates, attributing its performance to its strategy of transforming into a luxury lifestyle brand.
Tyson Foods says the nuggets are part of a new brand, Raised & Rooted, that will sell plant-based and blended meat products.
The new formula, which more closely mimics the texture of beef, comes as Tyson Foods and Nestle prepare to launch their own plant-based meats.
Shares of Beyond Meat moved higher Monday morning as the stock continues to exceed expectations following one of the most successful public debuts so far this year.
Shares of Beyond Meat surged 36% Friday after analysts raised their price targets following the company's first quarterly report since going public.
As rival Impossible Foods deals with supply shortages of its plant-based burgers, Beyond Meat said Thursday that it has the capacity to take on any restaurant chain.