PetSmart revs up store expansion

The nation’s largest specialty pet supplies retailer is upping its store growth this year.



PetSmart said it expects to open approximately 80 net new stores in fiscal 2016, up from 50 locations in fiscal 2015.



PetSmart is on its way to meeting its goal, having opened 12 net new stores in the United States and Canada during the quarter ended May 1, 2016. The new locations average over 12,000 sq. ft., and include service offerings such as grooming and pet training.



“We are ramping up efforts to expand our footprint in North America and are actively identifying and evaluating opportunities in both current and new markets,” said Brian Amkraut, senior VP of real estate, strategy and initiatives. “Our aim is to focus on consumers’ localized needs and we’re pleased to have more opportunities to engage with and serve customers, and to be active in supporting pets and pet parents in these communities.”



PetSmart recently strengthened its real estate team with the promotion of Ryan O’Sullivan to VP of real estate and the addition of Ryan Hill as a VP of real estate and development.



PetSmart currently operates 1,466 stores in the U.S., Canada, Puerto Rico and 203 in-store PetSmart PetsHotel dog and cat boarding facilities.