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. The emerging trend of pet parents has bolstered demand for price premium pet products and services. Because pets are treated as family members, pet owners frequently lavish them with all-natural and organic pet foods and treats, in addition to high-end services. In the coming years, the industry is projected to maintain strong growth. As the economy continues its upward trajectory and consumers have more discretionary income, revenue from premium products and services is projected to increase... purchase to read more
Industry Report - Industry Investment Chapter
The Pet Stores industry, similar to most other retail industries, has a low level of capital intensity. For every dollar spent on wages, about $0.08 is invested in the store and equipment. Most capital costs are related to shelving, store, computers, cashier equipment and other equipment such as caging for animals, which do not need to be constantly replaced. On the other hand, this industry is labor intensive because employees are needed to operate and manage the stores, provide customer service and support, restock the merchandise and provide care for pets.
The level of capital intensity has remained steady in the past five years, reflecting the labor-intensive nature of the retail industry... purchase to read more