This paper provides a historical analysis of PetSmart Inc. and shows the comparison between their main competitors, Target and Walmart. PetSmart is one of the top specialty pet retail stores in North America. By anticipating that the company’s historical trends continue, a three year forecast will be generated that will explain the company’s financial situation along with their ability to expand in the market and grow as a company.
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The largest operator of pet food, pet supplies, and pet services superstores in the United States, PETsMART, Inc., stands atop a roughly $29 billion industry it helped to create. PetSmart has correctly predicted the economic shift for all pet supplies. They are the largest specialty pet retailer of services and solutions for the lifetime needs of a wide variety of pets. Their ability to deliver high quality products and services for pet owners while providing assurance that they are getting a great deal sets them apart from other competitors. PetSmart was able to generate a gross profit of approximately $ 2,115,937 in 2014. It's estimated that 70-80 million dogs and 74-96 million cats are owned in the United States. …show more content…
That’s why we create more moments for people to be inspired by pets. This mission impacts everything we do for our customers, the way we support our associates and how we give back to our communities. This mission statement shows the consumers that pets are their number one priority. In more recent news, on Dec. 14, 2014, PetSmart said it would be taken private in a deal that valued the company at approximately $83 per share. That was a 39% premium to its closing price on July 2. PetSmart Inc. shareholders approved the sale in March 2015. The company operates about 1,387 stores in the United States, Canada and Puerto Rico. PetSmart agreed to sell itself to a group led by the investment firm BC Partners for about $8.7
Theme
The largest operator of pet food, pet supplies, and pet services superstores in the United States, PETsMART, Inc., stands atop a roughly $29 billion industry it helped to create. PetSmart has correctly predicted the economic shift for all pet supplies. They are the largest specialty pet retailer of services and solutions for the lifetime needs of a wide variety of pets. Their ability to deliver high quality products and services for pet owners while providing assurance that they are getting a great deal sets them apart from other competitors. PetSmart was able to generate a gross profit of approximately $ 2,115,937 in 2014. It's estimated that 70-80 million dogs and 74-96 million cats are owned in the United States. …show more content…
That’s why we create more moments for people to be inspired by pets. This mission impacts everything we do for our customers, the way we support our associates and how we give back to our communities. This mission statement shows the consumers that pets are their number one priority. In more recent news, on Dec. 14, 2014, PetSmart said it would be taken private in a deal that valued the company at approximately $83 per share. That was a 39% premium to its closing price on July 2. PetSmart Inc. shareholders approved the sale in March 2015. The company operates about 1,387 stores in the United States, Canada and Puerto Rico. PetSmart agreed to sell itself to a group led by the investment firm BC Partners for about $8.7