Pet Supplies Plus Reportedly Expects to Surpass $1 Billion in Sales
According to a recent report in Crain's Detroit Business, Pet Supplies Plus expects to surpass $1 billion in sales in 2019.
The article goes on to say that the chain plans to open 50 to 70 new locations annually for the next several years, with 150 locations currently in the pipeline. While it is noted that 55 percent of current Pet Supplies Plus stores are franchised, CEO Chris Rowland is said to expect franchised locations to eventually make up as much as 90 percent of the chain.
Other notable tidbits from the article include:
• Rowland says that prices at Pet Supplies Plus stores are typically five to 15 percent lower than at independent locally owned stores.
• The chain expects to open 30 franchise and four to five corporate stores in 2019.
• Over the past eight years, there has been only one year in which Pet Supplies Plus did not experience sales growth.
Officials from Pet Supplies Plus did not immediately return a request for comments.