AMZN - 1 SPAC to Play The Exploding Pet Care Market
The soon-to-be public dog care subscription service Barkbox plans to merge with the special purpose acquisition company (SPAC) Northern Star Acquisition (NYSE: STIC) in the second quarter of 2021. The combined company will trade under the ticker BARK. While it's smaller than big-box competitors Amazon.com (NASDAQ: AMZN) and Chewy (NYSE: CHWY) , Barkbox is poised for impressive growth and customer retention within its unique niche.
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If you're usually wary of subscription-box businesses because of their typically low margins and frequent cancellations, I don't blame you. However, Barkbox has proven that its story is different from the norm. It has positioned itself perfectly in the fast-growing pet care market with a unique value proposition based on high-quality personalized product bundles for customers' furry friends.
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1 SPAC to Play The Exploding Pet Care Market