Walmart.com Targets Pet Market
2005-03-31 12:50:00
Wal-Mart moved deeper into the pet merchandise business Thursday, announcing that its low prices for pet products will be available on its Walmart.com site.
"Pet merchandise has consistently been a top search component at Walmart.com, and (we''re) complementing what our Wal-mart stores already offer," said Tricia Doty, Walmart.com''s director of merchandising, home and family, in a statement. "Seventy-two percent of pet owners buy their pets holiday gifts."
One competitive target of the new Wal-Mart offering is PetsMart, which primarily addresses the pet market through its stores. A study by Bain & Company, released this week, noted that while Petsmart can''t compete effectively with Wal-Mart on prices, PetsMart has more variety, and pet owners like the idea that they can bring their pets into PetsMart stores.
Wal-Mart is still trying to make amends for an incident earlier this year when store managers at an Indiana Wal-Mart store shot a cat that wouldn''t leave a trailer. The firm apologized for the incident.
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