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Report: Petco acquires Complete Petmart chain
Dayton, Ohio -- A report Wednesday by the Business Courier said that Petco has purchased a 29-store Complete Petmart chain, based in Dayton, Ohio.
Financial terms of the purchase were not disclosed. San Diego, Calif.-based Petco said all of the chain's 230 employees will become employees of privately held Petco Animal Supplies.
Petco said it will be making changes to the former Complete Petmart store layouts over the next few weeks. -
Top 10 countries for retail expansion
New York City -- Brazil jumped to first place in A.T. Kearney’s annual ranking of the top developing economies for global retail expansion, followed by Uruguay and Chile respectively.
The 10th annual Global Retail Development Index reflects the dramatic changes that have taken place in global markets, and the varying impacts they have had on different emerging economies. Notably, countries in South America, which fared well during the recession, posted an impressive 6% growth in 2010.
