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Petco

All articles tagged with #petco

business1 year ago

"Petco CEO Ron Coughlin's Departure Boosts Stock by 7%"

Petco CEO Ron Coughlin is stepping down, and former Best Buy executive R. Michael Mohan will take over as interim chief executive as the company searches for a permanent replacement. The company reported fiscal fourth-quarter results that were roughly in line with expectations, with earnings per share at 2 cents adjusted and revenue at $1.67 billion. Coughlin's decision to step down comes as Petco's market cap has eroded over the last year, despite consistent sales growth and comparable sales gains. The pet industry has faced pressure and contended with a demand slowdown after a pandemic-fueled boom fizzled.

via CNBC|
#business#ceo#earnings
business2 years ago

Petco's Staff Cuts Jeopardize Store Visits Over Internet Sales

Petco's strategy of focusing on in-person services and drawing customers to its brick-and-mortar stores is being undermined by staff cuts, leading to reduced staffing levels, longer lines, dirtier facilities, and improper animal care. The retailer, which has been competing against online rivals Chewy and Amazon, has seen some success with its store-first approach, but cost-cutting measures have resulted in staffing levels as low as two people per store, making it difficult to maintain proper animal care and customer service. Petco's stock price has plummeted since its IPO in January 2021, and the company may need to make further cost cuts to appease investors.

via Forbes|
#animal-care#brick-and-mortar-stores#business
wildlife2 years ago

Raccoon euthanized after rabies scare at Maine Petco.

A baby raccoon was euthanized in Maine after a woman brought it to a Petco for nail trimming services, prompting fears of rabies exposure. Raccoons are common carriers of the virus in Maine. The animal tested negative for rabies, but Maine's testing guidelines require euthanasia for testing. It is illegal to possess wildlife in Maine, and Petco does not trim raccoon nails. The Maine Department of Inland Fisheries & Wildlife is asking for information on the woman and reminding residents to never attempt handling, feeding, or moving a wild animal.

via NBC News|
#euthanized#illegal-possession#maine
odd-news2 years ago

Maine woman's unconventional pet spa experience with raccoon at Petco raises rabies concerns.

A woman brought a wild raccoon into a Petco store in Maine to get its nails clipped, potentially exposing herself and others to rabies. The Maine Department of Inland Fisheries & Wildlife reminded residents that it is illegal to possess wildlife in Maine and urged people to "keep wildlife wild." The raccoon tested negative for rabies, and those who came in contact with it do not need to seek treatment. Authorities are still looking for the woman who brought the animal to the store.

via Fox News|
#maine#odd-news#petco
health2 years ago

Woman Brings Raccoon to Petco, Raising Concerns of Rabies Exposure.

A woman brought a raccoon into a Petco store in Maine to get its nails trimmed, exposing multiple people to rabies. Wildlife officials are urging the public to leave raccoons alone and reminding them that it is illegal to possess wildlife in Maine. Rabies is a disease spread through a rabid animal’s saliva or neural tissue, and raccoons are one of the most common carriers of rabies in Maine. If exposed to a rabid animal, it is important to contact a health provider immediately.

via USA TODAY|
#health#maine#petco
health2 years ago

Woman's Petco visit with raccoon raises concerns of rabies exposure.

A woman brought a young raccoon into a Petco store in Auburn, Maine, possibly exposing herself and others to rabies. The woman has been identified and owning wildlife is illegal in Maine. Anyone who was exposed to the raccoon should contact their doctor immediately. The Warden Service and Department of Inland Fisheries and Wildlife remind people to "keep wildlife wild" and "if you care, leave them there." The animal has been tested for rabies, but results have not come in.

via WMTW Portland|
#health#illegal-possession#maine
animal-news2 years ago

Multiple Dogs Stolen with Vehicles in Maryland

A dachshund named Canela was reunited with her family in Maryland after being dognapped from their front porch two weeks prior. The theft was captured on the family's Ring doorbell camera, and police are still investigating. Canela was dropped off at a nearby Petco and was well-cared for until an employee recognized her from community outreach and media coverage. The family is happy to have her back, especially since she is pregnant. They are waiting to decide what to do with her puppies after they arrive.

via The Washington Post|
#animal-news#dognapping#family
business2 years ago

Chewy's Earnings and Stock Performance Highlight Future of Pet Health Care Industry.

Chewy and Petco are investing heavily in pet health care, including pharmacy, insurance, and telehealth services, as well as veterinary hospitals. Pet health care is a crucial component of the $123.6 billion pet market, and both companies are positioning themselves for long-term growth and profitability. While sales of hard goods have been trending down, the demand for pet health care is expected to grow as pets age and require more care. Pet insurance and the dwindling footprint of independent veterinary providers present opportunities for growth and market share. However, Chewy has faced obstacles with virtual telehealth services due to state and federal regulations, while Petco's hospitals will take time to become profitable.

via CNBC|
#business#chewy#pet-health-care