Industry Analysis & Industry Trends
The Pet Stores industry has purred along over the past five years as cats, dogs, fish and birds have remained popular home companions. Pet parents, or pet owners who treat their four-legged friends as family members, have grown increasingly common and facilitated demand for pet stores. Accelerated by economic recovery, the industry has expanded strongly over the five-year period, despite increased competition from supermarkets, mass merchandisers and online retailers that typically offer consumers greater convenience and competitive prices. Over the five years to 2021, the Pet Stores industry is projected to maintain strong growth... purchase to read more
Industry Report - Industry Key Buyers Chapter
More than half of the Pet Stores industry's revenue comes from two specialty supply retailers: PetSmart and PETCO. The other portion of the industry consists of family-owned stores, small franchises and small chains of pet stores. Despite the moderate degree of concentration, small operators are still able to find niche markets in their geographical locations, and they rarely expand beyond those areas.
In the five years to 2021, major players PetSmart and PETCO are expected to grow their share of the industry. This is because these big-box retailers are able to offer customers a "best of both worlds" scenario, which includes providing broad and industry-specific product selections while operating on such a scale that they can purchase in bulk and pass savings on to consumers... purchase to read more