PetSmart

PetSmart, Inc.
Formerly called
 Pacific Coast Distributing
PetFood Warehouse
PETsMART[1]
Private
Industry Retail
Founded 1986 (1986) (as PetFood Warehouse)
Phoenix, Arizona
Founders Jim and Janice Dougherty
Number of locations
 1,352 (2014)[2]
Area served
 United States, Canada and Puerto Rico
Key people
 Michael J. Massey, President & CEO[3]
Products Pet Supplies, Grooming, Training
Brands All
Services PetsHotel, Doggie Day Camp
Revenue IncreaseUS$ 6,916.627 million (2014)[4]
Increase US$ 693.318 million (2014)[4]
Profit Increase US$ 419.52 million (2014) [4]
Total assets DecreaseUS$ 2,521.968 million (2014)[5]
Total equity Decrease US$ 1,093.782 million (2014)[5]
Number of employees
 53,000+[2]
Divisions PetSmart Canada
PetSmart Charities
PetSmart Charities of Canada
Slogan Where Pets Inspire Us
Website www.petsmart.com

PetSmart, Inc. is an American retail chain operating in the United States, Canada, and Puerto Rico engaged in the sale of specialty pet supplies and services such as grooming and dog training, cat and dog boarding facilities, and daycare. PetSmart also offers a varied selection of animals for sale and adoption such as birds, fish, amphibians, reptiles, and several breeds of small animals like guinea pigs, chinchillas, gerbils, hamsters, and mice.

PetSmart Rt. 1, Saugus, Massachusetts

History

The PetSmart in Harmon Meadow Plaza in Secaucus, New Jersey.

PetSmart was founded in 1986 and opened its first two stores in 1987 under the name PetFood Warehouse in the Phoenix area. In 1989, the name and logo changed from PetFood Warehouse to PETsMART. PetSmart continued to grow and in 1993 went public on the NASDAQ stock exchange listed under the symbol "PETM". In 1994, PetSmart formed PetSmart Charities, Inc., a nonprofit organization dedicated to ending euthanasia and finding homes for homeless pets. Petsmart.com made its debut in 1996. In early 2000, PetSmart remodeled most of its stores in a plan they called "Eagle," which changed many stores from a front-half storefront/back-half warehouse feel to an all-over standard retail market. In August 2005, the company announced that it was rebranding its name from PETsMART to PetSmart.[6] This move, which stressed "Smart" over "Mart," was designed to announce its evolution from a pet supply store to a solutions-oriented company.[7]

As of October 2014, PetSmart operated approximately 1,352 stores and various locations with PetSmart's PetsHotels, and Doggie Day Camps. Certain locations also share space with their corporate partner, Banfield Pet Hospital.[8]

A location at the Savi Ranch Center in Yorba Linda that has a Banfield inside

In December 2014, PetSmart was fully acquired by BC Partners for a fee of $8.7 billion.[9]

Product lines

Dog products

PetSmart owns several brands that produce a variety of products including Grreat Choice (previously Award) which is a line of dog food as well as dog and cat hard goods.Authority is a premium dog and cat food line that PetSmart distributes and Simply Nourish is a super-premium dog and cat food line offering canned and dry food, limited ingredient, and grain-free formulas. Top Paw is a private label used for dog and cat hard goods.

Cat products

PetSmart owns several brands which produce products for felines including Authority cat food, which is considered a premium food. Additionally Grreat Choice, Simply Nourish, is comparable to top level brands such as Wellness and Blue Buffalo. Also available are lines of cat litter and litter-related products. Toy Shoppe and Whisker City which produces cat and dog toys and furniture.

Bird, fish, and small animal products

PetSmart sells fish tanks, stands, and aquarium decorations and accessories under the Top Fin name. Bird and small pet products are created under the All Living Things label, and includes most items necessary for bird and small animal husbandry.

In January 2008, PetSmart temporarily suspended sales of birds in all U.S. stores as a precautionary measure after random testing found a small percentage of cockatiels that tested positive for psittacosis, a fairly common infection in birds that may produce cold-like symptoms.[10] PetSmart resumed selling live birds again in April 2008 after comprehensive testing and treatment.

Horse products

Formerly, certain PetSmart stores included a State Line Tack section. It provided a wide selection of saddles, halters, bridles, saddle pads, etc. State Line Tack also sold feed and other equipment for the care of horses.

In 2007, PetSmart put State Line Tack, including all catalog and internet business, up for sale and effectively removed all State Line Tack merchandise from stores. State Line Tack was eventually purchased by Horse.com, one of many websites owned by Pets United.[11]

PetsHotel

The original PetsHotel was developed and operated by David Mackstellar and Rodger Ford in Arizona.[12] PetSmart purchased PetsHotel from Mackstellar and Ford in 2000[1] and presently, PetSmart continues to create and operate PetsHotels within their locations throughout the US and Canada.[13]

Charities and adoption centers

PetSmart has helped stray pets find homes with families. Rather than selling dogs, cats, rabbits, and other larger animals in the store, PetSmart donates space to local rescue groups. Rescue groups are also provided with donations of food, litter, and other supplies. Fees from adoptions are collected by the groups themselves. With each adoption, PetSmart gives the new guardians a book which provides basic care information for their new pet. As of June 11, 2012, over 5,000,000 pets have been adopted through Petsmart adoption centers. Biannually, PetSmart hosts an adoption weekend featuring more adoptable pets than at any other time of the year.

PetSmart Charities, a nonprofit 501(c)(3) organization, also raises money for local adoption groups, including groups for which it does not offer in-store space. In many stores, donations are collected at the register via traditional drop boxes. Some stores also ask customers if they wish to donate a dollar at the register when they use a credit or debit card. PetSmart charities also has an annual donation drive. Proceeds from Petsmart Charities events are given to over 3,400 adoption partners. PetSmart Charities claims that of the six to eight million pets collected by rescue agencies, three to four million are euthanized simply because they do not have a loving home.

PetSmart Charities Inc. is set to award the Austin Humane Society the first of three grant installments totaling $227,000 to assist in funding AHS's new Feral Cat Spay/Neuter Program.[14]

PetSmart Charities is also known for its Rescue Waggin' program. The program operates specially-designed trucks that transport adoptable dogs from areas that are overpopulated to partner shelters where adoptable animals are in demand. Rescue Waggin' operates trucks in the Midwest and the Northeast regions of the United States. The program has saved more than 80,000 pets since 2004.

PetSmart also operates an online Pet Parent community at Pets.com.

PetSmart store #1524 in Mount Olive, NJ recently served notice on their partner of 5 years Eleventh Hour Rescue, a no-kill 501-c rescue group to vacate their premises and to be replaced by St. Hubert's, a kill-shelter from the same New jersey area. It has not yet to be determined if this decision will affect the other partners in their stores or if partnering with kill-shelters is their policy.

Allegations by People for an Ethical Treatment of Animals

PetSmart has been the subject of public criticism by animal rights organization People for the Ethical Treatment of Animals for the company's sale of live birds. PETA alleges that it is cruel to sell birds bred in warehouses and feels that the breeding of the birds is similar to the use of puppy mills. PETA renewed its demands that PetSmart permanently stop selling live birds after the voluntary halt in bird sales because of the psittacosis outbreak in January 2008.[15]

PETA also claims that the use of pest control glue traps within PetSmart stores is cruel. PETA feels that because the stores sell various species of rodents, that it is hypocritical for them to engage in rodent pest control. PetSmart counters that it is unfair to characterize its bird breeders as similar to puppy mills since these operations must meet the company's veterinarian established and industry leading standards for the breeding, care and transportation of these pets. Also, small pets sold in the stores are bred to be pets and should not be confused with wild rodents, which carry disease and are destructive to property. It maintains that essentially all major retailers, restaurants, and grocers with rodent control programs effectively use glue traps.

On January 23, 2008, PETA posted a press release accusing one of Petsmart's largest vendors, Rainbow World Exotics, of neglect and cruelty to animals.[16] Videotape provided by an undercover PETA member who infiltrated the facility as an employee shows small animals treated cruelly and neglected. The more serious allegations included laypersons (not vets) neutering animals with unsafe provisions, live animals thrown in the trash, loose animals killed intentionally, and sick animals killed or left to die with no veterinarian interaction attempted. After these allegations PetSmart launched an investigation which reported discovering no serious wrongdoing by Rainbow, although they agreed that a neutering which was videotaped did not meet their or veterinary standards.[17] PETA is filing complaints with the USDA and pursuing criminal charges with the county of Hamilton, Texas, where Rainbow World exotics is located.

In January 2016, PETA released details of an investigation of Holmes Farm, a major supplier of live animals to Petsmart, Petco and Pet Supplies Plus, which highlighted abusive conditions at what is described as a complex of "filthy, windowless warehouses." Small animals such as rabbits, hamsters, rats, mice and gerbils were confined to overcrowded bins and often drank from contaminated water bowls or had no water altogether. Cats, who freely roamed around the facilities, regularly jumped in and out of bins and preyed on the animals within them. PETA's investigators reported that, during their observations, injured animals never received veterinary care, but instead were piled by the dozens in "feces-smeared coolers" and then gassed to death with carbon monoxide; others were put into ziplock bags and frozen to death. Over the span of roughly three months, PETA’s investigator found hundreds of dead animals at the complex, often in habitats which contained no drinking water.[18]

See also

References

  1. 1 2 "Company History". PetSmart Corp. PetSmart. Retrieved December 14, 2014.
  2. 1 2 "Company Information". Phx.corporate-ir.net. Retrieved November 14, 2014.
  3. ↑ "Management Team". PetSmart. Retrieved December 14, 2014.
  4. 1 2 3 "PETSMART INC 2014 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. March 27, 2014.
  5. 1 2 "PETSMART INC 2015 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 29, 2014.
  6. ↑ Howard, Theresa (December 4, 2005). "PetSmart thinks outside the big box". USA Today.
  7. ↑ "PETSMART Company Info". Phx.corporate-ir.net. Retrieved January 21, 2012.
  8. ↑ "History Timeline". Phx.corporate-ir.net. Retrieved January 21, 2012.
  9. ↑ "BC Partners to acquire PetSmart for $8.7 billion" (Press release). Reuters. December 14, 2014.
  10. ↑ "PetSmart stops selling birds". WAFF. February 11, 2008. Retrieved December 14, 2014.
  11. ↑ "Pets United buys State Line Tack". Multichannelmerchant.com. May 1, 2007. Retrieved January 21, 2012.
  12. ↑ Rodgers, Shelly (November 10, 1996). "Pet hotel will offer all the comforts of home". Inside Tucson Business. p. 3. Retrieved December 15, 2014.
  13. ↑ PetsHotel Locations
  14. ↑ "Austin's Humane Society nets PetSmart grant"; Austin Business Journal; February 19, 2007
  15. ↑ "PetSmart Suspends All Bird Sales Following Outbreak". Blog.peta.org. Retrieved January 21, 2012.
  16. ↑ "Rainbow World Exotics Expose by PETA". Peta.org. Retrieved January 21, 2012.
  17. ↑ "PetSmart's Investigation of Rainbow Exotics". Phx.corporate-ir.net. Retrieved January 21, 2012.
  18. ↑ Animals Frozen Alive, Crudely Gassed at Petco, PetSmart Supplier Mill. PETA, January 19, 2016.

External links

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