Pet Care

Industry Roundup

Pet Food

Omni--a plant-based pet food company based in the UK--announces collaboration with Fressnapf, the largest pet product retailer in Europe
Vegconomist (12/11)

Antelope--a US-based 'buy-and-build' pet food company--to acquire My Perfect Pet, a Texas-based company that manufactures a range of pet food and treats; financial details not disclosed
just-food.com (12/07)

Pet Care Products

Euromonitor expects global pet dietary supplements market to reach US$2.1B in 2023, driven by consumer focus on holistic pet well-being in sync with human wellness trends; North America is largest market, and Asia Pacific among fast-growing regions
Euromonitor International Ltd. (12/07)

Packaged Facts: Franchising could help smaller pet retailers survive in industry dominated by giants like Walmart, PetSmart, Chewy; franchisees like Pet Supplies Plus and EarthWise Pet combine retail and services to effectively compete against big chains
The Freedonia Group Inc. (12/06)

Pet Care

Commentary: As American office workers return to working in person, pet adoptions are declining and taking a toll on pet product sellers; Chewy and Petco shares in 2023 down over 46% and 63%, respectively, bucking overall stock market's strong showing
Axios (12/11)

Purina Cat Chow Celebrates 60th Anniversary with the Launch of "60 Years. 60 Stories" Book
PR Newswire (12/06)

Chewy reports Q3 net loss of US$35.8M, topping Wall Street expectations; revenue totals US$2.74B, missing forecasts
Associated Press (12/06)

 E-Commerce Trends & Statistics

Seattle-based online retailer Zulily plans to lay off over 800 people in three states; notices on the company's website suggest it is going out of business
Retail Dive (12/11)

Forrester predicts retail sales in France, Germany, Italy, Spain and UK to grow at 2.9% CAGR to reach €2.7T in 2028 from €2.3T in 2023; both offline and online retail sales expected to stabilize at pre-pandemic levels for first time in 2024
Business Wire (12/06)

 Mass Merchandise Retailers

Walmart CFO says company has been surprised at the resiliency of consumers amid high prices in 2023, has not seen enough changes in spending to dramatically change pricing strategy; consumers are buying less general merchandise, spending more on food
Grocery Dive (12/11)

Survey finds 20% of consumers are shopping for holiday gifts with small and local businesses 'as much as possible,' up from 10% last year; Amazon is most popular online retailer at 67%, followed by Walmart at 36%, Target at 14%, eBay at 13%: Jungle Scout
Retail Dive (12/06)

 Supermarket

Goldman Sachs, UBS among analysts maintaining bullish outlook on Tesco amid stable UK retail sector, retailer simplifying its business operations; in 2024, Tesco likely to continue doing well due to potential economic recovery next year
Invezz (12/11)

Asda crowned the lowest-priced major supermarket for premium Christmas food and drink products by trade magazine The Grocer
Asda Stores Ltd. (12/11)

 Stock