Petfood and pet product retailer Petco named Nielsen as its provider of census-level sales information from Petco stores.
Petco will be among the first pet specialty retailers to join the consumer product goods industry’s information sharing model, adding to existing market information provided by many US food, drug, mass, convenience and dollar store retailers.
By sharing sales data with Nielsen, Petco will be able to gain a better understanding of consumer purchasing behavior, the company's competitive position in the marketplace, and new marketing and pricing strategies. For petfood manufacturers, Petco's cooperation with Nielsen will improve the level of available data and analytics in the growing pet specialty product market. Once available, manufacturers will have access to several levels of market intelligence and insight on both a regional and national level.
“We’re delighted to be working side-by-side with Petco as they enter the industry’s cooperative information-sharing model,” said John Lewis, president and CEO, Consumer North America, Nielsen. “With information from Petco stores, Nielsen is better able to meet the needs of our clients in the pet business and help them and Petco grow their businesses through better analytics and deeper insights into their core consumers.”
The intent was to educate regulators and industry about the Model Pet Food Regulations
It gives more direct control to CVM in establishing and maintaining ingredient definitions
Committees discussed key proposals such as a possible shift in the oversight of animal feeds
While petfood shoppers continue to show strong brand loyalty, pet products have not been immune to the store brand swing
Now is the time for packagers, producers, marketers and manufacturers to capitalize on the traveling with pets trend
As an industry, are we missing a huge opportunity to take advantage of another aspect of the human-pet bond?
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.