Professional Documents
Culture Documents
Ibis
Ibis
Ibis
COM
Caitlin Moldvay
16 International Trade
Industry Denition
17 Business Locations
Main Activities
Similar Industries
19 Competitive Landscape
31 Industry Data
Additional Resources
31 Annual Change
31 Key Ratios
Industry at a Glance
Industry Performance
22 Barriers to Entry
Executive Summary
23 Industry Globalization
Current Performance
24 Major Companies
Industry Outlook
24 PetSmart Inc.
30 Industry Assistance
31 Key Statistics
28 Operating Conditions
13 Supply Chain
28 Capital Intensity
14 Demand Determinants
29 Revenue Volatility
15 Major Markets
WWW.IBISWORLD.COM
Main Activities
Similar Industries
Additional Resources
WWW.IBISWORLD.COM
Industry at a Glance
Pet Stores in 2012
Key Statistics
Snapshot
Revenue
Prot
Wages
Businesses
$14.7bn 2.8%
3.8%
$634.1m $1.9bn 13,730
Number of pets (cats and dogs)
Market Share
200
190
180
Millions
210
% change
10
170
160
150
Year 04
06
Revenue
08
10
12
14
16
18
140
Year 03
05
07
09
11
13
15
17
Employment
SOURCE: WWW.IBISWORLD.COM
p. 24
10.2%
Number of pets
(cats and dogs)
4.5%
Live animals
Pet services
58%
27.3%
Pet food
Pet supplies
p. 4
SOURCE: WWW.IBISWORLD.COM
SOURCE: WWW.IBISWORLD.COM
Industry Structure
Growth
Regulation Level
Medium
Low
Technology Change
Medium
Low
Barriers to Entry
Medium
Industry Assistance
None
Industry Globalization
Concentration Level
High
Competition Level
FOR ADDITIONAL STATISTICS AND TIME SERIES SEE THE APPENDIX ON PAGE 31
Low
Medium
WWW.IBISWORLD.COM
Industry Performance
External competition
WWW.IBISWORLD.COM
Industry Performance
Number of households
200
2
% change
Millions
190
180
170
160
0
2
150
140
Year 03
05
07
09
11
13
15
17
Year
05
07
09
11
13
15
17
SOURCE: WWW.IBISWORLD.COM
Current
Performance
WWW.IBISWORLD.COM
Industry Performance
WWW.IBISWORLD.COM
Industry Performance
Product innovation
Competition from
bigger stores
WWW.IBISWORLD.COM
Industry Performance
Competition from
bigger stores
continued
Industry revenue
10
8
% change
Industry
Outlook
6
4
2
0
Year 04
06
08
10
12
14
16
18
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Industry Performance
Industry Outlook
continued
Changing
competition
WWW.IBISWORLD.COM
Industry Performance
Changing
competition
continued
10
WWW.IBISWORLD.COM
11
Industry Performance
% Growth of prot/GDP
Maturity
30
Quality Growth
Company
consolidation;
level of economic
importance stable
25
20
15
Quantity Growth
10
Pet Stores
Veterinary Services
Mail Order
Shake-out
Decline
Crash or Grow?
10
10
Shake-out
Time Wasters
Future Industries
5
10
Hobby Industries
15
20
25
30
% Growth of establishments
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Industry Performance
12
WWW.IBISWORLD.COM
13
Supply Chain
Consumers in the US
The Pet Stores industry relies on consumers to purchase pet products and to utilize industry
services.
54194
10.2%
Pet services
4.5%
Live animals
58%
27.3%
Pet food
Pet supplies
Total $14.7bn
SOURCE: WWW.IBISWORLD.COM
Pet food
Pet supplies
WWW.IBISWORLD.COM
14
Birds
Cats
Dogs
Horse
Freshwater Fish
Saltwater Fish
Reptiles
Small Animals
4.3
22.9
20.7
2.1
40.0
2.3
3.4
4.2
SOURCE: AMERICAN PET PRODUCTS ASSOCIATION
Services
Demand
Determinants
Pet ownership
WWW.IBISWORLD.COM
15
Demand
Determinants
continued
Income
Major Markets
7%
10%
Consumers over
65 years old
Consumers under
25 years old
28%
Consumers 45 to
54 years old
13%
Consumers 55 to
64 years old
18%
Total $14.7bn
Consumers 25 to
34 years old
24%
Consumers 35 to
44 years old
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Major Markets
continued
International Trade
16
WWW.IBISWORLD.COM
17
West
New
England
AK
0.2
WA
Rocky
Mountains
ID
2.0
West NV
0.9
1.7
SD
0.2
WY
0.5
MN
0.2
0.3
OR
Great
Lakes
ND
MT
3.1
Plains
CO
0.7
KY
0.9
OK
0.9
NC
2.5
TN
AZ
NM
2.2
0.6
Southwest
TX
5.6
HI
0.4
2 NH
3 MA
SC
Southeast
5 CT
6 NJ
7 DE
8 MD
1.5
0.7
3.3
2.0
0.5
0.5
1.9
0.5
MS
AL
1.0
1.3
GA
2.2
0.4
LA
1.0
FL
7.7
Establishments (%)
4 RI
0.3
AR
0.3
1.5
13.2
WV VA
2.7
0.7
1.9
CA
West
3.9
MO
KS
2.6
OH
2.0
4.1
4.4
IN
IL
0.5
UT
PA
3.5
0.9
0.6
1 2
3
NY
7.4
5 4
MI
1.9
IA
NE
0.3
WI
ME
MidAtlantic
9 DC
0.1
Less than 3%
3% to less than 10%
10% to less than 20%
20% or more
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
18
Business Locations
20
Southeast
10
Southwest
Southeast
Rocky Mountains
Plains
New England
Mid-Atlantic
Great Lakes
West
Establishments
Population
SOURCE: WWW.IBISWORLD.COM
West
Great Lakes
Mid-Atlantic
WWW.IBISWORLD.COM
19
Competitive Landscape
Level
Concentration in
this industry is High
Statistics of US Businesses
Share (%)
57.4
23.2
13.0
5.6
0.6
0.2
SOURCE: US CENSUS BUREAU
Economies of scope
Experienced work force
WWW.IBISWORLD.COM
20
Competitive Landscape
Cost Structure
Benchmarks
Industry Costs
(2012)
3.7
13.7
4.3
13.1
65.8
70.3
100
Percentage of revenue
80
60
Prot
Wages
Purchases
Depreciation
Marketing
Rent & Utilities
Other
40
20
1.6
4.6
9.2
1.5
1.6 4.0
6.7
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Competitive Landscape
Cost Structure
Benchmarks
continued
Basis of Competition
Level & Trend
Competition in
this industry is
Medium and the
trend is Increasing
Internal
21
WWW.IBISWORLD.COM
22
Competitive Landscape
Basis of Competition
continued
External
Barriers to Entry
Level & Trend
Barriers to Entry
in this industry are
Medium and Steady
Level
Medium
High
Growth
Low
Medium
Medium
None
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
Competitive Landscape
Barriers to Entry
continued
Industry
Globalization
Level & Trend
Globalization in this
industry is Low and
the trend is Steady
23
WWW.IBISWORLD.COM
24
Major Companies
Major players
(Market share)
35.0%
Other
Player Performance
PetSmart Inc.
Market share: 44.3%
Financial performance
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
25
Major Companies
Player Performance
continued
Revenue
($ million)
(% change)
Net Income
($ million)
(% change)
Employees
(% change)
2007
4,672.7
10.4
258.7
39.8
43,000
N/C
2008
5,065.3
8.4
192.7
-25.5
46,000
7.0
2009
5,336.4
5.4
198.3
2.9
45,000
-2.2
2010
5,693.8
6.7
239.9
21.0
47,000
4.4
2011*
6,103.8
7.2
301.8
25.8
47,500
1.1
2012*
6,531.0
7.0
348.3
15.4
48,500
2.1
*Estimates
Player Performance
PETCO Animal
Supplies Inc.
Market share: 20.7%
WWW.IBISWORLD.COM
26
Major Companies
Player Performance
continued
Financial performance
Revenue
($ million)
(% change)
Employees
(% change)
2007
2,400
9.1
20,100
2.7
2008
2,550
6.3
22,000
9.5
2009
2,700
5.9
23,200
5.5
2010
2,800
3.7
23,500
1.3
2011*
2,925
4.5
24,400
3.8
2012*
3,050
4.3
25,500
4.5
*Estimates
Other Companies
SOURCE: FORBES.COM
WWW.IBISWORLD.COM
Major Companies
Other Companies
continued
27
WWW.IBISWORLD.COM
28
Operating Conditions
Capital intensity
Level
0.5
0.4
0.3
0.2
0.1
0.0
Economy
Retail Trade
Pet Stores
Information, Communications,
Mining, Finance and Real
Estate. To increase revenue
rms need superior debt
management, a stable
macroeconomic environment
and a sound investment plan.
Pet Stores
Veterinary
Services
Capital Intensive
Labor Intensive
Mail Order
Old Economy
Agriculture and Manufacturing.
Traded goods can be produced
using cheap labor abroad.
To expand rms must merge
or acquire others to exploit
economies of scale, or specialize
in niche, high-value products.
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
29
Operating Conditions
Capital Intensity
continued
Technology
& Systems
Level
The level of
Technology Change
is Medium
Revenue Volatility
Level
The level of
Volatility is Low
Volatility vs Growth
1000
Hazardous
Rollercoaster
100
10
Pet Stores
1
0.1
Stagnant
30
10
Blue Chip
10
30
50
70
WWW.IBISWORLD.COM
30
Operating Conditions
Revenue Volatility
continued
The level of
Regulation is
Medium and the
trend is Steady
Industry Assistance
Level & Trend
The level of
Industry Assistance
is None and the
trend is Steady
Key tariffs
Goods
Saddlery and harness for any animal (excluding dogs see above)
Dog leashes, collars, muzzles, harnesses and similar
Pet food
Low rate
High rate
2.8
2.4
0.0
2.8
2.4
0.0
SOURCE: USITC
WWW.IBISWORLD.COM
31
Key Statistics
Industry Data
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Sector Rank
Economy Rank
Revenue
($m)
10,234.7
11,064.5
11,486.7
11,925.2
12,872.9
13,246.2
13,338.9
13,712.4
14,164.9
14,745.7
15,424.0
16,102.7
16,730.7
17,098.7
17,799.8
42/63
412/705
Annual Change
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Sector Rank
Economy Rank
Revenue
(%)
8.1
3.8
3.8
7.9
2.9
0.7
2.8
3.3
4.1
4.6
4.4
3.9
2.2
4.1
14/63
207/705
Industry
Value Added
($m)
1,987.3
2,102.1
2,078.9
2,330.0
2,400.4
2,442.9
2,516.9
2,604.2
2,701.9
2,803.5
2,920.2
3,040.9
3,137.3
3,252.0
3,319.5
40/63
510/705
Establishments
15,835
16,541
16,813
17,130
17,638
17,110
16,411
16,509
16,658
16,875
17,145
17,316
17,680
18,086
18,575
41/63
219/704
Enterprises Employment
13,790
88,620
14,213
90,933
14,483
98,384
14,558
101,237
14,804
109,870
14,115
106,460
13,393
108,928
13,420
110,126
13,527
112,549
13,730
115,363
13,977
118,939
14,131
120,723
14,414
123,379
14,731
128,314
15,084
131,522
37/63
38/63
207/704
270/705
Exports
---------------N/A
N/A
Industry
Value Added
(%)
5.8
-1.1
12.1
3.0
1.8
3.0
3.5
3.8
3.8
4.2
4.1
3.2
3.7
2.1
23/63
278/705
Establishments
(%)
4.5
1.6
1.9
3.0
-3.0
-4.1
0.6
0.9
1.3
1.6
1.0
2.1
2.3
2.7
22/63
272/704
Enterprises Employment
(%)
(%)
3.1
2.6
1.9
8.2
0.5
2.9
1.7
8.5
-4.7
-3.1
-5.1
2.3
0.2
1.1
0.8
2.2
1.5
2.5
1.8
3.1
1.1
1.5
2.0
2.2
2.2
4.0
2.4
2.5
19/63
14/63
209/704
178/705
Exports
(%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Key Ratios
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Sector Rank
Economy Rank
IVA/Revenue
(%)
19.42
19.00
18.10
19.54
18.65
18.44
18.87
18.99
19.07
19.01
18.93
18.88
18.75
19.02
18.65
27/63
570/705
Imports/
Demand
(%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Exports/Revenue
(%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Revenue per
Employee
($000)
115.49
121.68
116.75
117.79
117.16
124.42
122.46
124.52
125.86
127.82
129.68
133.39
135.60
133.26
135.34
44/63
515/705
Imports
---------------N/A
N/A
Wages
($m)
1,441.3
1,512.5
1,469.9
1,690.0
1,813.8
1,818.9
1,816.3
1,821.9
1,871.7
1,928.6
1,990.4
2,034.2
2,122.5
2,188.5
2,249.8
45/63
445/705
Domestic
Demand
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Number of Pets
- Cats and Dogs
(Million)
143
153
163
154
163
165
171
175
180
184
187
191
195
199
203
N/A
N/A
Imports
(%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Wages
(%)
4.9
-2.8
15.0
7.3
0.3
-0.1
0.3
2.7
3.0
3.2
2.2
4.3
3.1
2.8
22/63
283/705
Domestic
Demand
(%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Number of Pets
- Cats and Dogs
(%)
7.0
6.5
-5.5
5.8
1.2
3.6
2.3
2.9
2.2
1.6
2.1
2.1
2.1
2.0
N/A
N/A
Wages/Revenue
(%)
14.08
13.67
12.80
14.17
14.09
13.73
13.62
13.29
13.21
13.08
12.90
12.63
12.69
12.80
12.64
35/63
457/705
Employees
per Est.
5.60
5.50
5.85
5.91
6.23
6.22
6.64
6.67
6.76
6.84
6.94
6.97
6.98
7.09
7.08
25/63
482/704
Average Wage
($)
16,263.82
16,633.13
14,940.44
16,693.50
16,508.60
17,085.29
16,674.32
16,543.78
16,630.09
16,717.67
16,734.63
16,850.14
17,203.09
17,055.82
17,105.88
49/63
651/705
Share of the
Economy
(%)
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
N/A
40/63
510/705
SOURCE: WWW.IBISWORLD.COM
WWW.IBISWORLD.COM
32
Industry Jargon
IBISWorld Glossary
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