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Petco sells pet food, products, and services, as well as certain types of live small animals. Founded in 1965 as a mail-order veterinary supply company in California, it grew into a pet food and supplies chain. Acquired by The Spectrum Group, Inc. and the Thomas H. Lee Company in 1988, it first went public on the NASDAQ in 1994 (ticker "PETC"). [4]
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As of 2005, it was the third largest specialty pet food retailer in the US. [6] The company began adding franchise locations in the Midwest, expanding into the northeastern and southern states during the late 1990s. [6] As of May 2023, Pet Supplies Plus store locations consisted of over 720 stores in 36 states.
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.
In 2001, Drs. Foster and Smith increased its market share by 20% through the acquisition of Pet Warehouse, a Dayton, Ohio mail-order catalog, in a cash buyout. [12] The acquisition expanded the company's product selection from primarily dog and cat supplies to also include products for aquariums , birds, small pets, and reptiles. [ 12 ]
Pet Food Express CEO and co-owner Michael Levy started a dog training business in 1976 and opened his first San Francisco location in 1980, selling some food and supplies. In 1986, he left dog training to focus on retail and had expanded to three locations by the time his business partner, Mark Witriol, came aboard in 1992.
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