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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]
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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Henry Wersell's Pet Store in Toledo, Ohio in the early 20th Century. In 2004, according to the American Pet Products Manufacturers Association, in the pet industry, live animal sales reached approximately $1.6 billion. [20] In the United States, pet sales make up only 6% of the market, with most sales comprising accessories and merchandise. [16]
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