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Retail: Pet Product Service Franchises
The U.S. pet and pet supply store industry includes over 7,500 stores with combined annual revenue of approximately $8 billion. Major franchises include PetSmart, PETCO and Petland.
Pet ownership drives demand and spending generally resists economic cycles. Effective merchandising and the ability to generate store traffic fuels creates profitability for individual businesses.
Large franchises offer low prices and wide selections of both products and services, while small franchises compete effectively by serving a local market, selling unique products, offering specialized services or providing pet expertise.
Competitors include grocery stores, warehouse clubs, mass merchandisers, Internet retailers and some veterinary clinics.
Major product segments include pet food and supplies (dog and cat food, toys, collars and leashes, cages and habitats, and vitamins and supplements), aquarium products and fish; and pets. Pet food accounts for 40 percent of sales, pet supplies for 40 percent, aquarium products and fish for 10 percent and pets for 5 percent.
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