Industry Analysis & Industry Trends
The Pet Stores industry has grown steadily over the five years to 2015, driven by the growing number of pet owners who treat their pets like family members. Over the five years to 2020, pet ownership will continue to rise, driving revenue growth in this industry, particularly within the pet food segment. Moreover, the trend of pet indulgence is increasing the popularity of diverse pet services, such as grooming, walking and even pet therapy. Nonetheless, specialty pet stores continue to compete with supermarkets and big-box stores that carry large inventories of similar products at lower prices... 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