Pet Care

Industry Roundup

Pet Food

Post Holdings announces completion of its US$235M acquisition of Perfection Pet Foods; the deal was initially announced back in October
Globe Newswire (12/04)

UK supermarket Asda relaunches its own-label pet food, changing the packaging to reflect the consumer shift from pet 'ownership' to pet 'parenthood'; the new packaging now include images of expectant pets waiting to be fed
MarketLine (12/04)

Pet Care Products

Andis announces launch of a limited-edition colorway of its Pulse ZR cordless clipper for pets, in partnership with celebrity pet groomer Gabriel Feitosa
PR Newswire (12/04)

Rover Group--an online marketplace for pet care--to be acquired by private equity funds managed by Blackstone in an all-cash transaction valued at around US$2.3B; deal expected to close in Q1 2024
Globe Newswire (11/29)

Pet Care

Petco Health + Wellness Company, Inc. Reports Third Quarter Earnings
PR Newswire (11/29)

Petco Health and Wellness' shares fall sharply in premarket trading on Nov. 29 after it swings to a worse-than-expected Q3 loss after booking a hefty impairment charge
Proactive Investors (11/29)

Pet Supermarket announces appointment of Rich Tannenbaum as CEO
Executive Appointments Monitor Worldwide (11/29)

Pet Care Products

PET FOOD EXPRESS MAKES GIFT GIVING AFFORDABLE, HOLIDAY COLLECTION FEATURES ITEMS UNDER $10 INCLUDING STOCKING STUFFERS, TASTY TREATS FOR ALL PETS
PR Newswire (11/28)

 Club Store

Costco Wholesale Corporation Reports November Sales Results and the Passing of Long-Time Board Member, Charles Munger
Globe Newswire (11/29)

 E-Commerce Trends & Statistics

South Korea's online shopping sales total US$15.4B in October, up 11.8% from year-ago period, driven by solid demand for travel, food and e-coupon services, according to government statistics
Xinhua News Agency (12/04)

Chinese skin care brands perform well on Tmall during China's annual Singles Day Shopping Festival, while global brands L'Oreal, Estee Lauder, Lancome drop by double digits; Japan's SK-II, Shiseido fall from top ten rankings in first time since 2016
CosmeticsDesign.com (US) (12/01)

 Mass Merchandise Retailers

Walmart settles class action lawsuit in Florida federal court for US$45M; suit alleged that products sold by Walmart are weighted and priced improperly, company's software is programmed to falsify weights
Legal Newsline (11/28)

 Supermarket

Kroger tells FTC it has met all the antitrust law requirements for its US$24.6B merger with Albertsons, and the agency is now next to act; FTC has until Dec. 15 to make a decision on the deal
Supermarket News (12/04)

European supermarkets turning to digital price tags that use artificial intelligence to automatically update food prices as items approach their sell-by date; Wasteless is in negotiations with three household name British retailers to implement smart tags
DESIblitz (12/01)

 Stock