Pet Store Retailing - US - May 2018
Pet-related consumer spending continues to steadilyclimb, yet pet specialty retailers face challenges in maintaining their position as the ultimate shopping destination for the 73 million pet owners in the US (or 58% of US households). From adapting to shifting demographics and product preferences to competing with online, mass merchants, and independent retailers (eg boutiques), pet specialty will need to adapt to a changing retail landscape.
This report looks at the following issues:
Price and convenience outweigh pet-specific factors when choosing retailer
Engagement declines with age of pet and owner