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In an effort to boost catalog distribution, Drs. Foster and Smith offered 100,000 free pet tags to those who joined their mailing list in early 2000. [11] 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]
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The purchase of Drs. Foster and Smith gave Petco an entry into the "veterinary prescription medicine" market, [55] while allowing Petco to launch new lines of the brand's pet foods. [56] Petco closed all operations of its Drs. Foster and Smith subsidiary in early 2019, redirecting the e-commerce site to Petco.com [ 54 ] and filling ...
On May 19, 2019, during his 2019 commencement speech at Morehouse College, a historically Black college in Atlanta, Georgia, Smith said he would pay off the entire student loan debt of the 2019 Morehouse College graduating class of 396 students, a reported $34M in student loan debt, including the debt incurred by parents and guardians.
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