What Recession? Pet Business is Going Strong
from The Sault Star
Emilie Wilson's menagerie includes 15 ferrets, two dogs and four cats, including a hefty grey feline named Tonie Stewart who rides in style inside a pet stroller during family outings. Wilson spent $300 on Christmas gifts for her brood last year and figures she'll exceed that sum this year. And despite the recession-like economy, the suburban Chicago woman has no plans to scale back pet presents anytime soon. "I couldn't care less if there's anything under the tree for us, as long as there's something for Tonie,'' she said. Retailers may be worrying about the possibility of the worst fourth quarter in generations, but those in the pet products industry are finding themselves in a veritable oasis among much of the gloom of American business. Companies that sell everything from organic dog treats to couture-inspired pet toys say business is up even as economic indicators show shoppers are pinching pennies during one of the worst downturns in decades. More
Keeping Morale Up When Business is Down
"What really motivates employees is not money or position,” says Jon Katzenbach, author of half a dozen books on the topic and one of the founders of Katzenbach Partners, a management consulting firm. “What motivates employees is how they feel about the work itself.” More
Upgrade Your Attitude, Help Your Business
As an entrepreneur, you'll often face stressful situations that don't have an apparent solution. Approaching these situations with a positive attitude is vital to building your business, especially when you're just starting out. Having an optimistic outlook creates a secure atmosphere that attracts the people, ideas and resources you need to succeed. To create a "yesitude," start by recognizing that maintaining a positive attitude is a choice. People and events in your life can influence how you feel, but you ultimately decide how you think and interact with others. An optimistic mind-set positively affects your personal growth and helps form a supportive environment for your entrepreneurial efforts. More
Direct Pet to Acquire Manufacturing, Distribution Rights for NapLap Pet Beds
from Market Watch
Direct Pet Health Holdings, Inc. reported today that it has taken the first step in acquiring the manufacturing and domestic and international distribution rights for NapLap(TM) pet beds from Sarge & Company Inc., of Lakewood, Colo. Completion of the acquisition is expected next month. For an undisclosed sum, Direct Pet Health has already purchased and completed the sale of the existing inventory of the product. Upon completion of the acquisition, the company will also obtain the web site, print ads and other marketing materials. "Direct Pet Health expects NapLap to provide a significant revenue stream at both the wholesale and retail levels in the coming year," said Chairman and CEO Michael F. Scaccia. "It was featured on Good Morning America as one of the top 10 innovative pet products, and was a finalist on an episode of American Innovator." More
Pet Store Owners Discuss Marketing Strategies for the Slow Economy
from Pet Product News
Making a splash in the marketplace doesn’t have to mean spending thousands of dollars. During periods of economic depression, focusing on organic or more personalized forms of marketing communication seems to be the preferred approach—and there are many inexpensive and creative ways to do that. More
China Destroys Tons of Melanine Tainted Animal Feed
from The International Herald Tribune
Chinese regulators said over the weekend that they had confiscated and destroyed more than 3,600 tons of animal feed tainted with melamine, an industrial chemical that has been blamed for contaminating food supplies in China and for leading to global recalls of Chinese dairy products. In what appears to be the biggest food safety crackdown in years, the government also said Saturday that it had closed 238 illegal feed makers in a series of nationwide sweeps that involved more than 369,000 government inspectors. More
Irish Pet Food Manufacturer C&D Foods Sees Profits Double
from The Irish Times
Irish pet food manufacturer C&D Foods doubled its operating profit last year as sales moved back towards levels achieved before a fire in 2006 closed a large part of its operation. Accounts just filed for C&D Foods Ltd show that its operating profit in 2007 was just under €4.5 million. This compared with about €2.4 million in 2006. Its turnover rose by 45 per cent to €87.9 million from €60 million in the previous year. 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, Nov. 4, 2008)