Whether or not the U.S. economy goes into a full-fledged recovery, next year is sure to present a variety of challenges and opportunities for pet specialty retailers.
The close relationship between independent pet specialty retailers and their distributor partners has long been–and continues to be–the cornerstone of a healthy pet industry.
Pet Food Express has carved out a niche in the San Francisco Bay area by stressing merchandising, service and selection. That’s why the chain has been named the 2010 Pet Business Retailer of the Year.
When facing economic uncertainty, it is essential that pet specialty retailers find creative ways to cut operational costs without killing sales.
Retailers that deal in exotic pets must navigate a jungle of challenges and scrutiny from regulators.
Products connected to highly recognizable personalities, organizations and even cartoon characters can generate excitement and drive profits in the pet store.
If done properly, a store redesign can greatly enhance a pet retailer's brand and ultimately result in increased sales.
There are nine areas that pet specialty retailers should focus on to give their customers a more convenient, and thus more attractive, shopping experience.
A Pet Business survey found that consumers are concerned about the economy and are holding back on non-essential pet purchases. The good news is that the bad times may not last much longer.
Retail franchises have long been dominant players in the pet industry. However, while joining a pet store franchise or franchising an established retail concept may be attractive options, neither move should be made without significant due diligence.
Pet-specialty retailers can learn a lot from the failures and successes of their counterparts in other industries.
Even with pundits heralding an economic recovery, a tough competitive climate has many independent pet specialty retailers struggling to survive.
Loss-prevention experts offer some low-cost, easy ideas on how pet specialty retailers can reduce troublesome shrink rates.
To ensure a joyful yuletide season, pet specialty retailers will need to do a lot of careful planning, yet stay flexible enough to respond to what may still be an unstable economy.
Pet specialty retailers can cultivate the next generation of pet owners by reaching out to kids inside and outside the store.
Experts assert honesty, communication and teamwork are keys to getting employees through thorny economic times.
While the current recession poses many challenges to pet specialty retailers, it also presents some clear opportunities.
Regularly freshening up a pet store’s image is essential, regardless of the state of the economy. Luckily, this process needn’t break the bank.
According to some of the pet industry’s distributors, there’s good reason for independent specialty retailers to be optimistic, even as they face a continuation of the current economic malaise.