While the ultimate impact of the new Patient Protection and Affordable Care Act remains to be seen, some of the challenges and opportunities that it will present to pet retailers are already apparent.
Facing an unprecedented amount of competition and economic pressure, single-store pet retailers must be nimble in leveraging their unique strengths or fall by the wayside.
The challenge of finding, developing and retaining good store managers can be made much easier if storeowners take the right steps.
Wielding formidable weapons such as low overhead and unlimited shelf space, Internet retail giant Amazon.com is testing brick-and-mortar stores like never before.
Pet specialty retailers are leveraging their arsenal of competitive strengths to battle against Amazon.com.
A focus on stocking only products that are unique to the independent pet specialty channel is not necessarily the right choice for all mom-and-pop pet shops.
With the current economy testing the health of pet retailers like never before, Pet Business investigates why some thrive while others flat-line.
While health and wellness products clearly represent a great growth opportunity for pet specialty retailers, the jury is still out on the best way to make the most of this burgeoning market.
Pet stores that can improve their performance in category management, product sourcing and staffing will be able to counteract some of the profit margin erosion that has plagued specialty retailers over the past few years.
A turbulent year for the economy has raised some serious questions about what we can expect in terms of a post-recession rebound. What does this mean for pet specialty retailers as the calendar flips to 2012?
Even as dog and cat ownership continues to rise, other pet categories are dropping off. What does this mean for the pet industry, and can the trend be reversed?
Pet retailers must do everything they can to ensure that the food products they sell are safe or risk putting the lives of pets, and their stores, in jeopardy.
Pet product marketers must prepare for the inevitable end of the baby-boomer boom by reaching out to emerging consumer demographics.
The retail pet industry’s trend toward natural and eco-friendly products has quickly gained momentum over the past several years, and pet specialty stores are positioned to profit from this movement.
As mass retailers get more involved with the pet category, the onus is on pet specialty chains to come up with ways to survive and thrive in this increasingly crowded marketplace.
Using a well-developed employee education program to build a knowledgeable store staff is essential to the success of a pet specialty retail business.
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.
When facing economic uncertainty, it is essential that pet specialty retailers find creative ways to cut operational costs without killing sales.