Pet Care

Industry Roundup

Pet Food

Pet food brand Dr. Marty Pets debuts new brand aesthetic; new design elements aim to support company's mission of being champions of change and include a modernized logo, website and more natural and subtle packaging for the company's pet product lines
PR Newswire (05/25)

Fresh beef, savory snacks and dog food among the food products that are rising fastest in the UK as food inflation hits its highest level in 13 years, Kantar says
The Mirror (05/24)

Pet Care Products

CEO Corner: UK-based Pets at Home CEO says consumers will cut back on cars, eating out before spending less on pets; company plans to keep its pricing competitive and sources over 80% of its goods from its home market, which lowers shipping costs
Irish Independent (05/26)

Recently created Pet Cannabis Coalition supports California legislation that would legalize veterinary recommendation of cannabis products for potential therapeutic effect
PR Newswire (05/25)

Pet Ownership

Bird Enjoyment & Advantage Koalition offers new resources for responsible pet bird ownership such as care sheets and a compatibility quiz; 8% of households own pet birds and 45% of bird owners are millennials, according to the American Pet Products Assn.
Pet Product Innovations LLC (05/25)

Pet Care

Worldwise names Jeff Sutherland as chief operating officer; Sutherland brings over 30 years of pet industry experience, including most recently serving as president for Redbarn Products, which is a manufacturer of premium pet food, treats and chews
PR Newswire (05/25)

Pet Sustainability Coalition's 30-day sprint exceeds goal of 10,000 positive actions as over 600 participants completed 12,034 actions, including learning about Fair Trade; top teams were Petcurean, Canidae, Stella & Chewy’s, Instinct and Earth Animal
Pet Product Innovations LLC (05/25)

Berkley, California-based insect protein dog food maker Jiminy's appoints Jim Sharp as its chief customer officer; Sharp brings over 25 years of pet industry experience, including roles at Pepsi Cola, Colgate-Palmolive, Nestle Purina and Pet Food Experts
Pet Product Innovations LLC (05/25)

Pet Care Products

Petco reports Q1 net income up 287% year-over-year to US$23.8M from US$6.1M; net revenue up 4.3% to US$1.48B from US$1.41B, driven by comparable sales growth of 5.1%, which marks company's 14th consecutive growth quarter
PR Newswire (05/24)

 Club Store

US retailers face costs due to surplus of merchandise as supply chain disruptions ease, shoppers' behaviors shift amid inflation, high gas prices; Costco's inventories rise 26% for the quarter, Gap's rise 34%, Macy's also reports inventory 'imbalance'
Reuters (05/27)

Costco's fiscal Q3 net income attributable to company rises to US$1.35B from US$1.22B last year; net sales rise 16.3% to US$51.61B from US$44.38B as company comp sales rise 14.9%, e-commerce sales rise 7.4%
Costco Wholesale Corp. (05/27)

 E-Commerce Trends & Statistics

Gap swings to Q1 net loss of US$162M from net income of US$166M last year amid industry-wide headwinds, challenges at Old Navy; net sales down 13% to US$3.5B as comp sales fall 14%, online sales fall 17%, store sales fall 10%
The Gap Inc. (05/27)

 Supermarket

Asda's Q1 sales fall 9.2% year-over-year, with total revenue of £4.64B, excluding fuel; lockdown in Q1 last year meant more meals were consumed at home, more clothes and general merchandise were bought in supermarkets as non-essential stores were closed
Reuters (05/27)

Alibaba's fiscal Q4 revenue up 9% to 204.05B yuan, sales of company's core commerce unit rise 8% to 140.33B yuan, demand grows for Tmall Supermarket, Freshippo, Taobao Deals, Taocaicai; company says it is 'not prudent' to give guidance given COVID risks
Reuters (05/27)

 Stock