PetSmart, Inc. has opened 11 new pet food and products stores in the US and Canada for the quarter ending August 1, the second quarter of the fiscal year, according to a press release. This adds to the 12 new stores opened in the first quarter of the year, bringing the total for the year to 23. PetSmart plans to open nearly 60 new stores by the end of the year to achieve its goal of 80 net new pet food and products stores in 2016.
The new pet food and products stores average around 14,000 square feet with service offerings such as grooming and pet training.
“We continue to identify opportunities for growth in North America,” said Brian Amkraut, senior vice president of real estate, strategy and initiatives, PetSmart. “New store locations provide us with the ability to increase customer convenience and improve our competitive position.”
PetSmart operates 1,477 stores in the US, Canada, Puerto Rico and 203 in-store PetSmart PetsHotel dog and cat boarding facilities. PetSmart employs approximately 53,000 associates.
PetSmart and PetCo accounted for 65 percent of Blue’s sales in the second quarter, but there has been a slow-down in pet superstore sales, said company executives at Barclays 2016 Global Consumer Staples Conference. However, Blue Buffalo still sees opportunity for growth because the stores offer experiences and services that customers can't get online. Blue Buffalo expects net sales of between US$1,140 million and US$1,150 million for fiscal year 2016.
While cat trends continue, the pandemic has added to overall slow-growth treatment of the cat food market.
Premiumization and humanization, as well as automation, fueled continued operation growth in spite of the COVID-19 pandemic.