Mercer Capital’s Value Focus: Animal Health Industry Newsletter is a quarterly publication providing perspective on valuation issues pertinent to animal health professionals. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
This issue includes a discussion on Retail & Pet Services. Excerpting from the discussion:
The pet retail and services industry includes grooming services, pet training, boarding facilities, and specialty stores that provide pet products and food. During 2014, the pet retail store segment generated $15.7 billion in revenue, a 1.4% increase over the prior year. Boarding and grooming services generating $6.0 billion, a 4.1% increase over 2013. The Animal Pet Products Association (APPA) estimates that $58.0 billion was spent in the United States in 2014 in the pet industry, representing an annualized increase of 3.7% relative to 2010.