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In 2023, the Brazilian pet store trade had an estimated income of R$ 70 billion (US$14.02 billion). [4] [5] According to the Brazilian Association of the Pet Products Industry (Abinpet) and the Instituto Pet Brasil, Brazil is considered the third largest market (4.95%), behind only the United States (43.7%) and China (8.7%).
By October 2000, Amazon had a 30% stake in the company. [10] Pets.com spent most of the venture funding on large warehouses and other shipment infrastructures, as well as purchasing their biggest online competitor at the time, Petstore.com in June 2000 for $10.6 million. [11] [12]
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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