21/11/2021
The industry has expanded strongly over the five-year period due to economy recovery in the United States of America, despite increased competition from supermarkets, mass merchandisers and online retailers that typically offer consumers greater convenience and competitive prices. Going forward, the Pet Stores industry is projected to maintain strong growth
The Pet Stores Industry is indeed a thriving sector of the economy of the United States of America and the industry generates a whooping sum of well over $19 billion annually from about 13,575 pet stores scattered all around the United States of America.
The industry is responsible for the employment of 119,839 people. Experts project the pet stores industry to grow at a 4.5 percent annual rate between 2011 and 2016. The establishment in this industry that has a dominant market share in the United States of America are; PETCO Animal Supplies Inc. and PetSmart Inc.