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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.
[10] [11] [12] In 1979 the company was rebranded Petco, [13] and the first Petco store opened in Tigard, Oregon a year later. [14] To compete with supermarkets, Petco focused on premium pet-food brands such as IAMS, Science Diet, and Nutro, which were introduced in the mid-1980s. [15]
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PetSmart offered less than the net cash value of the company, and Pets.com's board turned down that offer. [citation needed] The company announced on November 7, 2000 [25] that they would cease taking orders on November 9, 2000 at 11am PST and laid off 255 of their 320 employees. [26] [27] Pets.com had around 570,000 customers before its ...
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