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PetSmart is originally started as Pet Food Warehouse in 1986. The initial two stores opened their doors in 1987 in Phoenix. Jim and Janice Dougherty conceived the idea of a chain of discount pet-food warehouses, and, with the initial financial backing of Phillips-Van Heusen Corporation, incorporated under the name Pacific Coast Distributing in 1986.
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Petsmart with a Banfield location in Hillsboro, Oregon. By 2005, the company served 3.5 million animals annually at 450 clinics worldwide. [11] That year the Banfield Charitable Trust was created to provide free care to economically disadvantaged pet owners. [11] Banfield also opened a third stand-alone hospital, located in Colorado Springs ...
In 2017, Chewy was purchased by PetSmart, a retail entity backed by private equity firm BC Partners, [10] for $3.35 billion, which at the time was the largest ever acquisition of an e-commerce business. [9] Following the acquisition, Cohen remained CEO and operated the business largely as an independent unit of PetSmart. [11]
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Differentiating itself from PetSmart, however, Petco located its stores in different areas, [17] and limited its store size to avoid the warehouse format, [21] among other differentiating factors. [23] [24] Petco Park. In 1997 Petco acquired 104 new stores, [25] in large part from purchasing the competing chain PetCare in the Midwest and South ...
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