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Companies in this industry operate physical retail establishments that sell pets, pet foods, and pet supplies. Major companies include PetSmart, PETCO Animal Supplies Stores, and Petland (all based in the US), along with Global Pet Foods and Pet Valu (Canada), and Pets at Home (UK).
The global pet and pet supply store market is concentrated in the Americas, Europe, and the Asia/Pacific region; pets are less common in South Asia, Africa, and the Middle East. Major pet populations exist in Brazil, China, Russia, Indonesia, and Japan. However, the largest pet market by a wide margin is the US.
The US pet and pet supply store industry includes about 9,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $15 billion.
Pet ownership drives demand, and spending generally resists economic cycles. Profitability for individual companies depends on the ability to generate store traffic and effective merchandising. Large companies offer low prices and wide selections of both products and services. Small companies compete effectively by serving a local market, selling unique products, offering specialized services, or providing pet expertise. The US industry is concentrated: the 50 largest companies account for about 70% of revenue.
Competitors include grocery stores, warehouse clubs, mass merchandisers, Internet retailers, and some veterinary clinics.
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Pet food accounts for about 45% of sales, pet supplies for 35%, and aquarium products and fish for 10%. Other sources of ...
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