Quick Guide Examines Key Trends, M&A and Investment Activity in the Pet Retail Space
As we watch sweeping changes in the pet retail space, most notably with the recent $3.3 billion acquisition of Chewy.com by PetSmart, we decided to take a look back at how the industry segment has evolved and continues to transform through innovation and M&A.
Our inaugural Pet Retail Quick Guide examines three distinct pet retail waves, and the benefits, drawbacks and key transactions that have helped shape each. With the evolution of the pet industry, many retailers are standing at a crossroads.
The full quick guide is available for free download below.
Quick Guide Preview
Wave 1: Pet Superstores
The initial major shift in the pet retail landscape came with the advent of the big box retailers, which drew customers from independent, local retailers and grocery. From 2010 to 2016, PetSmart and Petco grew from 50.8% to 62.5% of the U.S. pet store market.
Wave 2: Online Shopping
As technology developed and customers grew comfortable with buying online, consumers began shifting more and more pet product purchases that way. In 2016, Amazon experienced 40% year-over-year growth in pet product sales, reaching $2 billion in the $67.5 billion pet market. In pet food alone…
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