Shifting Into Cost Cutting Mode
from Business Week
Many small business owners may soon find themselves in a difficult situation, with rising costs and stagnant sales in a sour economy. Recent surveys of economic trends by the National Federation of Independent Business found weak levels of capital spending over the past six months. And in its latest survey, conducted in September, just 21 percent of respondents expected to make capital purchases in the next few months. The survey also found businesses reducing inventories, with a net 12 percent cutting stock rather than adding. Still, by recognizing the problem early and making moderate reductions, small firms can avoid more severe cuts later on, financial experts say. Companies that ignore warning signs can erode their profits with rising costs, and those that borrow to meet those costs can wind up insolvent. More
Small Business Tips for a Challenging Economy
from North Florida News Daily
As the world's economy becomes more and more challenging, small business owners need to find ways to keep their business afloat. Here are some tips to maintaining good customer relations while managing the bottom line. This article explores some easy strategies. More
Social Networking Gaining Business Credibility
from The New York Times
Use of social networking sites such as Facebook, LinkedIn and YouTube is widespread in business today, along with instant messaging, peer-to-peer file-sharing and media streaming, according to new research. Market research firm NewDiligence surveyed 527 end users and IT managers and found about 60 percent of respondents use social-networking sites at work, while 85 percent use instant messaging and media, including streaming audio and video. More
Over-The-Top Accessories Have Pet Appeal
from The Times, Munster, Ind.
As retailers worry about the possibility of the worst fourth quarter in generations, the pet products industry has become a veritable oasis among the gloom and doom of American business. Companies that sell everything from organic dog food to couture-inspired pet toys say business is up -- way up -- even as economic indicators show shoppers are pinching pennies. More
Gro-Well Feeds Evolves Into GWF Nutrition
from AJP Online
The company behind the market leading ‘joint aid for dogs’ and Equilibra, the pioneering feed balancer for horses, has undergone a corporate re-branding. Changing the name from Gro-Well Feeds to GWF Nutrition, the Wiltshire-based manufacturer has aligned the business with their development and focus on nutrition and nutricine based functional feeds. Formed in 1971, the company originated the forage balancer concept for horses after 18 years experience within the agricultural feed industry and built its excellent reputation on the highly successful Equilibra product, designed to give equines a balanced life. More
FDA Lifts Prairie Dog Ban
from Pet Age
The Food and Drug Administration has removed its restrictions on several species of African rodents and on prairie dogs that can carry or spread monkeypox, a rare viral disease found mostly in central and western Africa that can be fatal in humans. The agency said it removed its ban on the interstate movement of the animals because there have been no new cases of monkeypox in the United States since a 2003 outbreak that was ultimately traced to a shipment of 800 small mammals imported from Ghana to a Texas distributor. More
Medical Inventor Launches $75 Million Competition to Sterilize Pets
from Veterinary Practice News
In an effort to help control pet overpopulation, medical inventor Dr. Gary Michelson is offering $25 million for the first entity to develop a single dose, non-surgical sterilant for use in cats and dogs, and up to $50 million in grant funding to support research toward that end. Found Animals Foundation, Michelson’s nonprofit organization, made the announcement along with its partner Alliance for Contraception in Cats and Dogs at the SPAY/USA Conference in Chicago. More
Putting Safety First
from Pet Business
The fastest way to a customer’s heart may be through his or her pet’s stomach. Becoming a trusted source of safe, wholesome food and treats is one of the best ways to drive in repeat business, making it an essential component of developing a loyal customer base. On the flip side, however, there is probably no faster way to bring a pet store’s reputation to ruin than by selling food products that sicken pets or even lead to their death. “Food brings customers back to the store every 30 days or so,” says John Marsman, director of marketing and nutritional services for Eagle Pack Pet Foods Inc. Marsman warns that if a pet store’s customers are unhappy with the quality of the food and treats on the shelf, they are certain to start shopping for these products elsewhere. 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 10:15 a.m. Eastern, Oct. 28, 2008)