Early Data Shows Holiday Sales Fell 2.3 Percent
from The New York Times
The latest numbers in a slowly unspooling string of gloomy holiday shopping data show that customer traffic during Christmas week fell 4.9 percent compared with 2007, according to ShopperTrak, a research company. ShopperTrak is still compiling numbers from the holiday season, with its final report expected Jan. 14. Releasing interim data on Wednesday, ShopperTrak said the full report would most likely show that customer traffic for the full holiday season plummeted 16 percent, and that total retail sales sank 2.3 percent. More
Seven New Year's Resolutions for Business
from USA Today
This time every year, people draw up lists of New Year's resolutions: lose weight, exercise, quit smoking. The new year offers us a sort of "restart" button. Sure, we're not cleaning out our mental or physical hard drives entirely. None of us change ourselves completely. But we can use this time to "reboot"- take a pause and, hopefully, perform somewhat better going forward. That's why in business, too, it's a good idea to commit to New Year's resolutions. Here are some for 2009. More
PetSmart Joins Retail Push for Sales Tax Holidays in Obama Economic Plan
from The Phoenix Business Journal
PetSmart Inc. is supporting a push by other retailers to get some help from the economic plan expected from president-elect Barack Obama. The National Retail Federation wants Obama and the Democratic Congress to include some sales tax holidays in the economic stimulus plan they will consider in January. The hope is to lift sales taxes and encourage consumer spending which has been down as the U.S. economy is in recession. More
USDA Extends Comment Period on Animal Welfare Act Proposal
from Pet Product News
The U.S. Department of Agriculture has extended the public comment period on a proposed rule that would add to the Animal Welfare Act requirements for contingency planning and training of personnel by animal-research facilities, dealers, exhibitors, intermediate handlers and carriers. The new deadline is Feb. 20, 2009. More
Health Conscious Shoppers Seek Same for Pets
The saying “I wouldn’t feed that to my dog,” apparently holds true for many pet owners. As more and more people are shopping for organic produce and all-natural snacks that are produced using Earth-friendly methods, they are seeking the same for Fido and Fluffy. Packaged Facts, a Rockville, Md.-based market research firm, says sales of natural pet food in the United States reached $1 billion in 2007. This figure represents 6 percent of total pet food sales and 50 percent growth since 2003. Packaged Facts projects the segment to grow another 16 percent by 2012, increasing to more than $2 billion. More
As Recession Bites, Germany Opens Soup Kitchens for Pets
In a sign of the times in Europe's biggest economy, poodles, pinschers, terriers, and sheep dogs are queuing up for rations at Berlin's first soup kitchen for pets. The venue is a disused night school in the former communist East Berlin where the smell of straw, dry food and wet dog lingers in the air as a Jack Russell in a checkered coat waddles past on its way to the kibbles line for biscuits. More
Spending is Strong on Premium Pet Stuff
from The Detroit Free Press
Susie Atherton, founder of Pet Industry Retailers, an online networking group, said pet shop owners are cautiously optimistic, despite a gloomy economy. "Since Americans consider their pets part of the family, they will continue to spend money on them," she said in an e-mail. Atherton said that while some consumers are cutting back on nonessentials and trading down to cheaper brands, many shops are seeing steady or increased sales in "super premium pet food," treats and toys. More
Proposed California State Tax on Pet Care Worries Vets
from Scripps News
Dr. Marshall Scott already has seen pet owners become less willing to spend money on costly procedures with the recent economic downturn. He fears a state proposal to levy a sales tax on veterinary services would make matters worse. Gov. Arnold Schwarzenegger last month proposed broadening the sales tax to a number of services to close an $11.2 billion budget gap. The proposal was not included in legislative budget proposals so far. If it is included and adopted, it would become effective Feb. 1. More
||Central Garden and Pet Co
||Church & Dwight Co., Inc.
||Del Monte Foods Company
||International Absorbents, Inc.
||Jakks Pacific, Inc.
||Kraft Foods, Inc.
||Oil-Dri Corporation of America
||Pet Ecology Brands, Inc.
||PetMed Express, Inc.
||Proctor & Gamble Company
||Spectrum Brands, Inc.
||VCA Antech, Inc.
from Forbes.com (Stock quotes published at 9:45 a.m. Eastern, Jan. 6, 2009)
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