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PetSmart in growth spurt

10/4/2016

The retailer opened 11 new stores in the U.S. and Canada for the quarter ending Aug. 1, 2016. This adds to the 12 new stores it opened in the first quarter, bringing the total for the year to 23.



PetSmart is on track to achieve its goal of 80 net new stores in 2016.



The new stores average around 14,000 sq. ft., with service offerings such as grooming and pet training.



“We continue to identify opportunities for growth in North America,” said Brian Amkraut, senior VP of real estate, strategy and initiatives, PetSmart. “New store locations provide us with the ability to increase customer convenience and improve our competitive position.”



PetSmart operates 1,477 stores in the U.S., Canada, Puerto Rico and 203 in-store PetSmart PetsHotel dog and cat boarding facilities.
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