Petfood and supplies retailer PetSmart increased its sales by 5.3 percent in the second quarter of 2013 to US$1.7 billion.
Comparable store sales, or sales in stores open at least a year, grew by 3.4 percent. Services sales, which are included in total sales, grew by 7.3 percent to US$205 million. Carrie Teffner, senior vice president and chief financial officer, anticipates comparable store sales growth of 3-4 percent for fiscal 2013.
The mid-year meeting addressed several regulatory matters affecting petfoods
It gives more direct control to CVM in establishing and maintaining ingredient definitions
Public meetings invited comments and provided updates
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
While petfood shoppers continue to show strong brand loyalty, pet products have not been immune to the store brand swing
As an industry, are we missing a huge opportunity to take advantage of another aspect of the human-pet bond?
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