Author Topic: PetSmart Economy  (Read 2994 times)

Viking Lady

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PetSmart Economy
« on: November 20, 2008, 04:44:56 am »
I just saw a news blurb on the news that said with alot of companies sales dropping PetSmart is still doing very well. There has been a drop in grooming and daycare but high sales in food and other products. Hmmmm.

Tonda

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Re: PetSmart Economy
« Reply #1 on: November 20, 2008, 04:47:39 am »
Grocery stores are doing well too. You may not be able to afford a new car or that cashmere sweater you've had your eye on, but what can a new dog toy or a bit of expensive cheese hurt?

lookingfornewf

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Re: PetSmart Economy
« Reply #2 on: November 20, 2008, 05:24:21 am »
I just might be responsible for a big part of that. My dogs get way too many toys, treats, collars, leashes, etc and at one point had a cat, rabbit, and fish so pretty much shopped all the aisles.

Offline ZooCrew

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Re: PetSmart Economy
« Reply #3 on: November 20, 2008, 08:20:08 am »
Glad to hear that.  Sounds like good news for my stock options....... .....lolol.  ;)

I can see why their sales would remain steady, at least as far as food is concerned.  Sales are probably a bit lower when talking about non necessity items, like extra beds or more doggie clothes....... .....although they are on my list for the pups for Christmas.  ::)

And yeah, we've seen a drop in camp dogs and boarders thru the summer til now.  But then again, a new Petsmart just opened about 2 miles down the road.  We're still booked for the holidays though. 

Offline snoopified

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Re: PetSmart Economy
« Reply #4 on: November 20, 2008, 01:09:11 pm »
yay petsmart!!!

lins_saving_grace

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Re: PetSmart Economy
« Reply #5 on: November 20, 2008, 01:27:54 pm »
I bet the pet stores are doing well.  Even when money is tight, I make sure Grace has food and bones and toys before I splurge on groceries for myself.

Offline VdogLover

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Re: PetSmart Economy
« Reply #6 on: November 20, 2008, 04:10:31 pm »
With their stocks down nearly 50% from this time last year those who like to gamble in the market may want to start buying :)

Offline Ursa

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Re: PetSmart Economy
« Reply #7 on: November 21, 2008, 02:16:48 pm »
I'm sure doing my part to keep Petsmart afloat!  Three puppies = lot of training so I buy a big bag of training treats every week.  It also = lots of stuffy deaths so I replace them a lot.   :D
Ruthanna - the Triplets' mom

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