Our objective is to selectively expand and refine our product assortment, balancing the desire to offer the most complete line of products with the risk of overwhelming the consumer with an assortment of comparable products that do not have clear differences in features and benefits. So long term Weakening the System. Our online format quickly allows us to provide relevant product information and editorial content to assist our customers with their purchasing decisions. Perhaps decent financials hide serious issues in adapting to changes to the business environment. The insights gleaned are unsurprising: Customers love bringing their pets to stores and find retail outlets are a social place for cats and dogs, and their owners. These licenses may not continue to be available to us on commercially reasonable terms in the future.
Bird and small pet products are created under the All Living Things label, and includes most items necessary for bird and small animal husbandry. The agreement represents the biggest leveraged buyout of an American company in a year that has been defined by huge mergers — most of which have been by corporate buyers, not private equity firms. PetSmart currently doesn't have an overseas direct sourcing office, something the company could really use, Massey said. We believe that the primary factors on which we compete are:. We currently expect to use the net proceeds of this offering primarily for working capital and general corporate purposes, including marketing and promotional efforts, capital expenditures and technology and system upgrades. Planned additions include a personalization feature for our customers, which will allow us to customize the Web site highlighting the types of products they typically purchase.
In Safeway and now Petsmart, Jana identified large publicly traded retailers that could be swallowed up by private equity firms in spite of their reticence to do mega buyouts and doubts about the ability of banks to finance highly leveraged deals amid new regulations. Petco, which was founded almost 50 years ago, has more than 1,200 stores across the nation, employing 24,000 people. We believe that the principal competitive factors influencing our business are product selection and quality, convenient store locations, customer service and price. Build Strategic Alliances and Expand Our Affiliate Network. In addition, we engage in co-promotional activities with partners such as Big Dog and Kodak. Our integrated marketing campaign includes: Advertising and Promotions.
The company also places among Arizona's top half-dozen or so in key categories such as revenue, profits, stock-market capitalization or worth, and executive pay. Additional features which enhance our customers' shopping experience include the following:. The association expects this sector to increase 6% in 2010. Same-store sales, a key measure of a retailers performance, grew 1. Stores are not always located nearby and may not carry all of the products a consumer might need. One of these features, the Pet Family Quilt, allows pet lovers from around the world to post pet photos and stories which can be explored and shared. But there are similar markets that have.
As of September 22, 2016, over 7,000,000 pets have been adopted through Petsmart adoption centers. As a result, these retailers generally display products by brand, category or packaging and cannot easily adjust or blend these merchandising strategies to target specific market segments or accommodate new product introductions. To date, we have not been notified that our technologies infringe the proprietary rights of third parties. Rather than selling dogs, cats, rabbits, and other larger animals in the store, PetSmart donates space to local rescue groups. In 1994 we completed an offering of our common stock to the public. We seek to hire store managers and sales associates who themselves are pet owners and enthusiasts and therefore are more eager and better able to assist customers with their needs.
Operations and Technology In order to enhance the usability of our Web site, we have implemented a broad array of scalable site management, search, customer interaction, transaction-processing and fulfillment services and systems. In 1994, PetSmart formed PetSmart Charities Inc. Therefore, investors who are interested in investing in the growth in spending on pets can also choose to look at companies that run the animal hospitals or supply the medicine administered by the veterinarians. The customer service staff is highly trained and available 24 hours a day, seven days a week via both e-mail and toll-free telephone service. One of these included Pet.
This network enables us to reduce our costs by reducing the delivered cost of merchandise and limiting the need to carry excess inventory. As of September 2016 , PetSmart operated approximately 1,477 stores and various locations with PetSmart's PetsHotels, and Doggie Day Camps. We provide products for nearly every type of household pet, including dogs, cats, birds, fish, reptiles and other small animals. Our affiliate program, launched in September 1999, has grown to over 14,000 participants and has enabled us to earn revenues from sales made on linked sites. The Federal Trade Commission also has initiated action against at least one online service regarding the manner in which personal information is collected from users and provided to third parties. Expansion into new areas is expensive for a traditional retailer which must make significant investments in inventory, leasehold improvements and personnel.
Through nine months, revenue growth has nearly doubled to 4. These leases are renewable, at our option, for periods through February 2010. Fellow retailer PetCo is not a public company either. We do, however, participate in pet adoption programs for cats and dogs, which are administered through local animal welfare programs. Some of these privately branded products include:.