More users bought more often. They just spent less.
The spending lift that started in the second half of 2016 continued and accelerated across virtually all demographics!
The Pet Food Upgrade trend is becoming epidemic among Pet Parents.
In 2018 prices inflate in all industry segments, with big lifts in Services and Supplies!
No surprise! The Internet/Mail Order channel is driving the growth!
2017 Top 100 U.S. Retailers Sales: $2.2 Trillion, Up 4.4%; 142K Stores with Pet Products……plus the Internet!
Amazon breaks $100B and Pet Products $ are even more concentrated in the “Biggest Retailers”
The Gen Xers stand up!
Competitive pressure builds in this segment!
1185 exhibitors…22 hours of “show time”…you need to make a plan!
1182 exhibitors, 95 more than last year…over 500 who were not at GPE 2018!
A strong finish to 2016 + a great start to 2017 = The best 12 months in years for the Supplies Segment.
After a big drop in 2016, Pet Food spending turns around in the first half of 2017.
Age is a huge factor but Money Matters Most!
Sales in all segments but Pet Food exceeded projections!
All segments contribute to a record low Petflation rate!