2019 Pet Spending – A First Look!
Pet Food begins a recovery but Supplies take a nosedive!
Over 45 years in Consumer Products including 31+ years in the Pet Industry developing and executing successful strategic sales and marketing plans for manufacturers.
Pet Food begins a recovery but Supplies take a nosedive!
The overall recovery flattens but still strength in relevant retail.
58 Retailers have 145,607 Stores with Pet Products……plus the Internet!
The Pet Industry currently reflects the inequities of U.S. society, especially for Black Americans.
Restaurants and Gas Stations are still struggling but the Relevant Retail Group is up $100B YTD vs 2019.
Spending drops were driven by older groups. Good News: Gen Z makes their first appearance.
June brought the first monthly year over year increase in Total Retail sales since February.
The situation has improved since May 2nd but we are far from a return to normal!
After the biggest annual increase in history, Services Spending holds it ground!
If you don’t include sales from Restaurants, Auto and Gas Stations then May was positive!