U.S. markets open in 5 hours 3 minutes
  • S&P Futures

    3,437.50
    +5.25 (+0.15%)
     
  • Dow Futures

    28,213.00
    +31.00 (+0.11%)
     
  • Nasdaq Futures

    11,664.75
    +4.00 (+0.03%)
     
  • Russell 2000 Futures

    1,617.30
    +2.50 (+0.15%)
     
  • Crude Oil

    41.13
    -0.57 (-1.37%)
     
  • Gold

    1,926.30
    +10.90 (+0.57%)
     
  • Silver

    25.27
    +0.29 (+1.16%)
     
  • EUR/USD

    1.1862
    +0.0034 (+0.28%)
     
  • 10-Yr Bond

    0.7970
    0.0000 (0.00%)
     
  • Vix

    29.58
    +0.40 (+1.37%)
     
  • GBP/USD

    1.3049
    +0.0102 (+0.79%)
     
  • USD/JPY

    104.9100
    -0.5600 (-0.53%)
     
  • BTC-USD

    12,170.12
    +1,113.12 (+10.07%)
     
  • CMC Crypto 200

    244.61
    +5.70 (+2.38%)
     
  • FTSE 100

    5,823.24
    -65.98 (-1.12%)
     
  • Nikkei 225

    23,639.46
    +72.42 (+0.31%)
     

BarkBox credits Amazon for $250M boom in subscription business

Angelica Stabile

For all dog lovers and subscribers out there, BarkBox plays Santa Paws year-round with treats and surprises in every box.

The company has seen huge success in its subscription-based business, with more than 135,000 subscribers and a projected $250 million in revenue for 2019.

BarkBox CEO Mark Meeker, on FOX Business’ “Varney & Co.,” said Amazon is a big player in the company’s success. As an example, Meeker said BarkBox has sold $1 million of a popular dog bed on the site.

“[Amazon] has changed our business in a great way,” he said. “It’s where half of all online shopping originates. So if your products aren't there, then they're nowhere.”

MILLENNIALS RACK UP MORE DEBT FROM PETS, VETS THAN ANY OTHER GENERATION

Meeker said BarkBox is using its profits to diversify new products, hire employees and bring in new customers.

“This will be our first profitable year all the way through,” he said.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

According to Meeker, BarkBox has seen about 40 percent of total sales just in the last six weeks and has sold out of its new dental product.

“We boom every year about this time and it's been fantastic this year,” he said. “The better thing is we have more products beyond just the toys and treats."

CLICK HERE TO READ MORE ON FOX BUSINESS

Related Articles