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{{Short description|American pet supply store chain}}

factoids

(Class A)>Russell 1000 component}}Chief executive officer>Interim CEO)| founders = Walter Evans| foundation = {hide}unbulleted list WEBSITE=PETCO.COM, September 8, 2017, | num_locations_year = 2021| industry = RetailUnited States (including Puerto Rico)}}, Mexico| products = Pet supplies and live animals{{increase}} $4.434{{nbsp}}billion (2020)HTTPS://WWW.FORBES.COM/COMPANIES/PETCO-ANIMAL-SUPPLIES/>TITLE=PETCO ANIMAL SUPPLIES{{increase}} $4.920{{nbsp}}billion (2021)HTTPS://WWW.NASDAQ.COM/MARKET-ACTIVITY/STOCKS/WOOF/FINANCIALS>TITLE=WOOF FINANCIALSWEBSITE=NASDAQ.COM, }}| operating_income = {{increase}} US$194 million (2021)| net_income = {{decrease}} US$26.483 million (2021)| assets = {{increase}} US$1.912{{nbsp}}billion (2021)| equity = {{increase}} US$219.083 million (2021)| num_employees = 27,000| num_employees_year = January 30, 2021| brands = Unleashed by Petco, PetCoach, PetInsuranceQuotes.com

• {{nowrap|CPP Investment Board{edih}
• {{nowrap|CVC Capital Partners}}

(50% control each)}}petco.com}}}}Petco Health and Wellness Company, Inc. is an American pet retailer with corporate offices in San Diego and San Antonio. Petco sells pet food, products, and services, as well as certain types of live small animals.Founded in 1965 as a mail-order veterinary supply company in California, it grew into a pet food and supplies chain. Acquired by The Spectrum Group, Inc. and the Thomas H. Lee Company in 1988, it first went public on the NASDAQ in 1994 (ticker “PETC“).WEB, About Petco,corporate.petco.com/company-history#:~:text=1994%20%2D%20Petco%20goes%20public%20as,for%20customers%20in%20stores%20nationwide., Petco Corporate Website, Petco Corp, 12 April 2024, It was subsequently bought by Leonard Green & Partners and Texas Pacific Group in 2000 and went privately owned. In 2002 the company went public for the second time, again on the NASDAQ under ticker “PETC”.NEWS, Petco IPO barks softly,money.cnn.com/2002/02/22/ipo/petco/, 12 April 2024, CNN, Feb 22, 2002, In 2016 Petco was sold to CVC Capital Partners and the Canada Pension Plan Investment Board, who retained control when Petco held its third IPO in January 2021.As of 2021, the company has approximately 1,500 Petco stores across the United States (including Puerto Rico) and Mexico. Stores sell pet food, pet supplies, small animals, and fish. Some stores offer services such as obedience training, dog grooming, pet vaccinations, and veterinary care, while also hosting adoption events. Unleashed by Petco are smaller stores that do not sell live animals. The company also owns the PetCoach app, PetInsuranceQuotes.com, and Vital Care, a subscription service for veterinary care.NEWS, Harvey, Katherine P., Petco taking over PetPeople stores,www.sandiegouniontribune.com/business/restaurants/sdut-petco-buys-pet-people-san-diego-2013sep04-htmlstory.html, 27 September 2021, The San Diego Union-Tribune, 4 September 2013, The company owns the naming rights to the Petco Park baseball stadium, which is home of the San Diego Padres. Petco had yearly revenues of $4.1 billion in 2020, and was the 107th largest private company in the United States.

History

1965–1993

Petco originated when Walter Evans, a co-owner of a Missouri-based distributor of pet supplies and productsBOOK,books.google.com/books?id=RB_tO5l_MqsC&pg=PT118, Think Big, Act Small: How America’s Best Performing Companies Keep the Start-up Spirit Alive, 9781101118214, Jennings, Jason, 5 May 2005, Penguin, called United Pharmacal Company (UPCO), moved to San Diego County, California. In San Diego County in 1965, Evans initially set up a mail-order veterinary supply business with five associates. He became the company’s first CEO.WEB,www.newspapers.com/newspage/491497304/, Daily News from New York, New York on July 5, 1996 · 32, Newspapers.com, 1996-07-05, 2022-02-16, Evans opened his first retail store in 1976 in La Mesa, California, selling pet and veterinary supplies.WEB,theindependent.com/news/petco-offers-a-full-range-of-products-services-for-pets-and-their-parents/article_06118620-eeb9-11e3-8c13-0019bb2963f4.html, Petco offers a full range of products, services for pets and their ‘parents’, Theindependent.com, 7 June 2014, WEB,about.petco.com/company-history, Company history, Petco.com, 28 September 2016, BOOK, Schaffer, Michael, One Nation Under Dog: Adventures in the New World of Prozac-Popping Puppies, Dog-Park Politics, and Organic Pet Food,books.google.com/books?id=s8luMCZGUtcC&dq=petco+founded+1965+mail-order&pg=PT24, 31 March 2009, Henry Holt and Company, 9781429962728, 6 December 2021, In 1979 the company was rebranded Petco,WEB, Harvey, Katherine P., Petco makes Hot 100 Retailers list in 4-year streak,www.chicagotribune.com/sdut-petco-ranks-hot-100-retailers-2013-2013aug09-story.html, Chicago Tribune, 12 February 2022, and the first Petco store opened in Tigard, Oregon a year later.WEB,issuu.com/petinsight/docs/2.10.2021_use_this_one_february_2021_pet_insight, February Pet Insight by petinsight, Issuu.com, 2021-02-18, 2022-02-16, To compete with supermarkets, Petco focused on premium pet-food brands such as IAMS, Science Diet, and Nutro, which were introduced in the mid-1980s.“International directory of company histories.” Volume 200, Steven Long; Derek Jaques; Paula Kepos. Publisher: Farmington Hills, Mich.: St. James Press, 2018 In 1988 Petco acquired two other West Coast chains, Wellpet, Inc. and The Pet Department, bringing its store number to 130. By 1988, the company had 40 Petco stores, mainly in California.WEB,www.newspapers.com/image/491497304/, 5 Jul 1996, 32 – Daily News at, Newspapers.com, 1996-07-05, 2022-02-16, The same year, Petco was acquired by two private-equity firms, The Spectrum Group, Inc. and the Thomas H. Lee Company, and subsequently began acquiring other pet stores.By 1990 Petco was heavily in debt, and Brian K. Devine of Toys “R” Us was hired to turn the company around as president and CEO. Devine rebranded the acquired WellPet and Pet Department stores Petco, also hiring new leadership and extending the chain’s credit. Devine eschewed a big-box discount store model, instead prioritizing premium merchandise such as natural or organic pet food. He also brought in aquariums and fish to increase foot traffic.“Play Your Own Game: Petco Animal Supplies”. In: Jennings, Jason. Think Big, Act Small: How America’s Best Performing Companies Keep the Start-Up Spirit Alive. Penguin Group, 2012. pp. 118–133.Petco introduced Red Ruff the dog and Blue Mews the cat as its logo mascots in 1991, and the following year it adopted the tagline “Where the pets go”. In 1992 the company opened its first stores on the East Coast, also opening an East Coast distribution center.

1994–2000s

In 1994 Devine became chairman in addition to president and CEO,WEB,sec.report/Document/0000912057-00-038832/, Petco Animal Supplies Inc Definitive proxy statement relating to a merger or acquisition DEFM14A, SEC.report, a role he held until 2015.WEB,www.sec.gov/Archives/edgar/data/1582846/000119312515293270/d42894ds1.htm, Form S-1, Sec.gov, 2022-02-16, Petco went public on the NASDAQ under the stock ticker PETC, in 1994.WEB,getfilings.com/o0000888455-97-000007.html, PETCO ANIMAL SUPPLIES INC – 10-K Annual Report – 02/03/1997, getfilings.com, The initial public offering provided capital for further expansion. From 1990 through 1995, Petco opened between 20 and 50 stores yearly.By 1995, Petco and PetSmart had established themselves as the largest pet food and supply chains in the United States.WEB,www.latimes.com/archives/la-xpm-1995-05-23-fi-5111-story.html, Dog-Eat-Dog World : Independent Pet Shops Train Wary Eye on Chain Rivals, May 23, 1995, Los Angeles Times, The companies featured services such as obedience training, dog grooming, and pet vaccinations, and hosted pet adoption events in their stores.WEB,www.wsj.com/articles/SB935105304800815256, Petsmart and Petco Face Battle To Regain Industry Dominance, Frederic M. BiddleStaff Reporter of The Wall, Street Journal, August 20, 1999, Wsj.com, Differentiating itself from PetSmart, however, Petco located its stores in different areas, and limited its store size to avoid the warehouse format, among other differentiating factors.WEB,ir.stthomas.edu/cgi/viewcontent.cgi?article=1030&context=ocbmktgpub, Case study: PetSmart searches for a sustainable strategy, 2013, David Brennan, Ir.stthomas.edu, 2022-02-23, WEB,www.bloomberg.com/news/articles/2007-08-05/online-extra-the-battle-to-be-top-dog, Online Extra: The Battle to Be Top Dog, August 6, 2007, Christopher, Palmeri, Bloomberg.com, 2022-02-16, (File:Petco-Park.jpg|thumb|right|250px|Petco Park)In 1997 Petco acquired 104 new stores,WEB,www.wsj.com/articles/SB902879757173203500, Petco Insiders Make Purchases Which Could Aid Its Stock Price, Danielle SessaStaff Reporter of The Wall, Street Journal, August 12, 1998, Wsj.com, in large part from purchasing the competing chain PetCare in the Midwest and South.WEB,www.chicagotribune.com/news/ct-xpm-1997-10-02-9710020305-story.html, Petcare Being Sold To Big Rival Petco, Chicago Tribune, 1997-10-02, 2022-02-16, The aggressive growth in 1997 proved costly,WEB,www.latimes.com/archives/la-xpm-1998-jul-24-fi-6605-story.html, Like Cats and Dogs, July 24, 1998, Los Angeles Times, and in 1998 Petco accrued $8 million in net losses and its stock value dropped significantly.In July 1999, Petco invested $66 million in Petopia, a startup e-tailer,WEB,www.bizjournals.com/sanfrancisco/stories/1999/07/19/story2.html, Fur flies on Internet, Bizjournals.com, 2020-02-23, for 20% of the company.WEB,www.theglobeandmail.com/report-on-business/petopia-in-talks-to-sell-itself-to-partner-petco/article4169146/, Petopia in talks to sell itself to partner Petco, Steven, Chase, November 23, 2000, Theglobeandmail.com, Petopia.com launched in August 1999.WEB,www.ecommercetimes.com/story/7215.html, The End of Petopia, E-Commerce Times, 2 February 2001, 2022-02-16, After the collapse of the dot-com bubble,WEB,abcnews.go.com/Business/story?id=89142&page=1, 120 People, Lizard Laid Off, Abcnews.go.com, in 2000 Petopia sold most of its assets to Petco.WEB,www.wsj.com/articles/SB981199287269112302, Dot-Com Pet Retailer Petopia Cancels IPO, Shutters Web Site, A. WSJ com News, Roundup, February 5, 2001, Wsj.com, By 2001 Petopia.com redirected to Petco.com, with Petco utilizing Petopia.com’s assets to create its own e-commerce site.In May 2000, Petco agreed to a $600 million leveraged buyout by Leonard Green & Partners (LGP) and TPG Capital (TPG).NEWS, Company News; Management-Led Group To Buy Petco for $505 Million,www.nytimes.com/2000/05/18/business/company-news-management-led-group-to-buy-petco-for-505-million.html, The New York Times, 18 May 2000, 6 December 2021, With LGP and TPG contributing $92.5 million each in equity,WEB,www.themiddlemarket.com/news/rumors-aside-petco-should-purr-to-a-close, Rumors Aside, Petco Should Purr to a Close, September 18, 2000, Themiddlemarket.com, their buyout deal closed in October 2000 and Petco was taken off the NASDAQ. LGP and TPG again took Petco public on the NASDAQ in 2002,WEB, Byrne, Rebecca,www.thestreet.com/investing/stocks/petco-climbs-on-first-day-of-second-public-run-10010195, Petco Climbs on First Day of Second Public Run, TheStreet, 2002-02-22, 2022-02-16, retaining majority control until 2004.WEB,www.pecloserlook.org/wp-content/uploads/PetCoReport.pdf, Petco Annual Report, Pecloserlook.org, 2022-02-23, In 2003, Petco bought the naming rights to San Diego’s downtown baseball stadium, making it Petco ParkNEWS, Glater, Jonathan D., Ill Will Grows Over San Diego Stadium,www.nytimes.com/2003/04/28/us/ill-will-grows-over-san-diego-stadium.html, The New York Times, 28 April 2003, 7 December 2021, when opened in 2004. Petco committed $60 million to the San Diego Padres for 22 years of naming rights. At the time, it was one of the highest prices paid for naming rights to a baseball park.NEWS,www.sandiegouniontribune.com/sports/padres/sdut-petco-naming-rights-san-diego-padres-2014may05-htmlstory.html, 10 years in, were Petco naming rights worth it?, Harvey, Katherine P., May 5, 2014, San Diego Union-Tribune, 28 September 2016, James Myers, who had previously been Petco’s chief financial officer, became CEO of Petco in March 2004. He had been with Petco since 1990. He was succeeded as CEO in 2017 by Brad Weston,WEB, Stone, Ken, Petco Gets New Top Dog: CEO Jim Myers to Retire, Replaced by Brad Weston,timesofsandiego.com/business/2016/09/27/petco-gets-new-top-dog-ceo-jim-myers-to-retire-replaced-by-brad-weston/, Times of San Diego, 28 September 2016, 8 December 2021, previously company president and chief merchandising officer.NEWS,sdbj.com/news/2016/sep/27/petco-ceo-jim-myers-announces-retirement-president/, Petco CEO Jim Myers Announces Retirement; President Brad Weston Named Successor, De Crescenzo, Sarah, September 27, 2016, San Diego Business Journal, 28 September 2016, “Think Adoption First” is a company philosophy and program, which encourages pet adoption rather than the purchase of companion animals whenever possible. Petco was criticized for selling large exotic birds in their shops, and in 2005, after pressure from PETA, Petco agreed to stop selling parrots and other large birds.WEB, Urge Petco to Stop Selling Birds, Reptiles, Fish, and Others,headlines.peta.org/petco-stop-selling-animals/, PETA, 29 November 2021, Petco has never sold dogs or cats.NEWS, When Delight Turns To Reality, It’s Goodbye, Easter Bunny,www.nytimes.com/2014/04/20/us/when-delight-turns-to-reality-its-goodbye-easter-bunny.html, The New York Times, 19 April 2014, 28 November 2021, Lovett, Ian, In the wake of reported distribution accounting errors,WEB,www.marketwatch.com/story/petco-slumps-on-accounting-errors, Petco slumps on accounting errors, Jennifer, Waters, Marketwatch.com, Petco’s stock in mid July 2006 had dropped 50% from a high in January 2005.WEB,www.tampabay.com/archive/2006/07/15/private-investment-group-reaches-deal-to-gobble-up-petco/, Private investment group reaches deal to gobble up Petco, Tampabay.com, 2022-02-16, On July 14, 2006, Petco announced it would again be taken private in a leveraged buyout by LGP and TPG; the deal included the assumption of $120 million of Petco’s debt, for a total transaction value of $1.8 billion.WEB, Myers’ Petco Goes Private Again,www.forbes.com/2006/07/14/myers-petco-retail-cx_cn_0714autofacescan05.html?sh=72558dce5082, Forbes, 19 December 2021, The acquisition by LGP and TPG closed in October 2006.WEB, Pet store operator Petco files for new IPO,www.seattletimes.com/business/pet-store-operator-petco-files-for-new-ipo/, Seattle Times, 17 August 2015, 19 December 2021, (File:Petco store.JPG|thumb|right|250px|Petco store in 2008)The company stopped selling rabbits in 2008 to cut down on rabbits being surrendered to shelters.WEB,www.dvm360.com/view/petco-no-longer-sells-rabbits, Petco no longer sells rabbits, Dvm360.com, 2009-01-01, 2022-02-16, After the company stopped selling dog and cat food made in China several years previously, in January 2015, Petco was the first national pet retailer to stop selling dog and cat treats made in China,NEWS,www.washingtonpost.com/news/wonk/wp/2015/01/06/pet-stores-are-pulling-chinese-made-dog-treats-after-years-of-mystery-dog-illnesses-and-deaths/, Pet stores are pulling Chinese-made dog treats after years of mystery dog illnesses and deaths, The Washington Post, 2015-01-06, 2022-02-16, fulfilling a promise it had made in May 2014.WEB,www.nytimes.com/2014/05/21/business/petco-to-stop-selling-treats-made-in-china.html, Petco to Stop Selling Treats Made in China – The New York Times, The New York Times, 2014-05-21, 2022-02-16,

2010–2020s

(File:Petco’s headquarters in San Diego.jpg|alt=|thumb|Petco headquarters in San Diego)In 2011 Petco also opened satellite headquarters in San Antonio, Texas to supplement its San Diego main office.NEWS, Hendricks, David, September 28, 2011, Petco formally opens S.A. corporate center,www.mysanantonio.com/business/article/Petco-formally-opens-S-A-corporate-center-2193716.php, December 27, 2019, It also changed its logo and tagline.WEB,www.petproductnews.com/archives/petco-refreshes-corporate-identity-with-new-logo-tagline/article_6f1a4814-9e07-554a-8eb6-f84523d4f23b.html, Petco Refreshes Corporate Identity With New Logo, Tagline, Pet Product News, 17 August 2011, The company expanded to Puerto Rico, opening a store in San Juan in 2012, and one in Ponce in 2013.WEB, Kantrow-Vázquez, Michelle, Petco opens 2nd Puerto Rico store in Ponce,newsismybusiness.com/petco-opens-puerto/, NimB, 9 December 2013, 19 December 2021, Petco, through a joint venture with Grupo Gigante, also opened the first of several stores in Mexico in 2013.WEB, P. HARVEY, KATHERINE, Petco opens first Mexico store,www.sandiegouniontribune.com/business/restaurants/sdut-petco-expands-first-mexico-store-2013oct28-story.html, San Diego Union-Tribute, 28 October 2013, 19 December 2021, In 2015, Petco acquired Drs. Foster and Smith, at the time the largest online retailer of pet supplies in the US.WEB,www.digitalcommerce360.com/2019/02/20/petco-closes-ecommerce-pioneer-drsfostersmith-com/, Petco closes ecommerce pioneer DrsFosterSmith.com, February 20, 2019, Digital Commerce 360, The purchase of Drs. Foster and Smith gave Petco an entry into the “veterinary prescription medicine” market,WEB,www.retaildive.com/news/whats-happening-in-pet-supplies-retailand-whats-next/409881/, What’s happening in pet supplies retail—and what’s next, Retail Dive, while allowing Petco to launch new lines of the brand’s pet foods.WEB,www.bizjournals.com/milwaukee/news/2016/06/27/petco-launches-line-of-drs-foster-and-smith-dog.html, Petco Launches Line of Drs Foster and Smith Dog Food, 2022-02-18, Bizjournals.com, Petco closed all operations of its Drs. Foster and Smith subsidiary in early 2019, redirecting the e-commerce site to Petco.com and filling prescriptions via Express Scripts.JOURNAL,www.vin.com/doc/?id=4235063, News, Jennifer, Fiala, August 2, 2008, VIN.com, The Drs. Foster and Smith brand LiveAquaria.com was sold to Tropical Fish International in August 2020.WEB,reefbuilders.com/2020/08/25/petco-sells-liveaquaria-to-holding-group-owned-by-tropical-fish-international/, PETCO Sells LiveAquaria to Holding group owned by Tropical Fish International, Ryan, Gripp, August 25, 2020, Reefbuilders.com, In 2015 Leonard Green & Partners and Texas Pacific Group investigated divesting Petco,WEB,www.reuters.com/article/us-petco-m-a-petsmart-idUSKCN0RI23A20150918, Exclusive: Petco begins merger talks with PetSmart – sources, September 18, 2015, Reuters.com, and that August, Petco filed for another initial public offering.WEB,fortune.com/2015/08/17/pet-retailer-petco-files-to-go-public/, Pet retailer Petco files to go public, Fortune (magazine), Fortune, When subsequent merger discussions between Petco and PetSmartNEWS, Hirsch, Lauren, Greg, Roumeliotis, Exclusive: Petco begins merger talks with PetSmart – sources,www.reuters.com/article/us-petco-m-a-petsmart/exclusive-petco-begins-merger-talks-with-petsmart-sources-idUSKCN0RI23A20150918, Reuters, 18 September 2015, 7 December 2021, stalled over antitrust risks,WEB,www.reuters.com/article/us-petco-m-a-petsmart-idUSKCN0S400B20151010, PetSmart-Petco merger talks stall over antitrust risk: sources, October 10, 2015, Reuters.com, Petco was acquired by CVC Capital Partners and the Canada Pension Plan Investment Board in a deal worth US$4.6 billionWEB, CVC, Canada’s CPPIB to buy Petco for about $4.6 billion,www.reuters.com/article/us-petco-m-a-cvc-idUSKBN0TC21P20151123#fATpX2OQvYWkTgBW.97, Reuters.com, 23 November 2015, in February 2016, with Petco withdrawing its IPO plans.WEB, Renaissance Capital, Pet superstore operator Petco Holdings officially withdraws IPO after $4.6B acquisition,www.nasdaq.com/articles/pet-superstore-operator-petco-holdings-officially-withdraws-ipo-after-46b-acquisition-2016, Nasdaq, 7 December 2021, In August 2018, a partnership was signed with Canadian Tire to begin selling Petco’s private label brands of pet food and accessories at its 500 Canadian stores, bringing Petco to the Canadian market.NEWS,www.retail-insider.com/retail-insider/2018/8/canadian-tire-partners-with-us-based-petco, Canadian Tire Partners with US-Based Petco, Patterson, Craig, 7 August 2018, Retail-insider.com, 8 August 2018, In November 2018, Petco announced that it would stop selling pet food and treats containing artificial colors, flavors, and preservatives, banning certain artificial ingredients.WEB, Pamela N. Danziger,www.forbes.com/sites/pamdanziger/2018/11/13/petco-throws-artificial-ingredients-out-and-further-commits-to-360-holistic-pet-care/, Petco Throws Artificial Ingredients Out And Further Commits To 360 Degree Holistic Pet Care, Forbes.com, 2022-02-16, In 2020, Petco ended the sale of shock collars in its stores.WEB,fortune.com/2020/10/07/petco-rebrand-shock-collars-ban-pet-health-wellness/, Petco rebrands, bans shock collars in health and wellness push, Fortune.com, Petco had yearly revenues of $4.1 billion in 2020, and was the 107th largest private company in the United States.WEB, Petco Animal Supplies,www.forbes.com/companies/petco-animal-supplies/?sh=790bdeb17f78, Forbes.com, 19 December 2021, The company once again changed its logo and tagline in October 2020.WEB,www.prweek.com/article/1702635, ‘Your new logo is cold and lifeless’: Consumers outraged after Petco removes cat and dog from logo, Prweek.com,

2021-present

In January 2021, Petco held its third IPO, with the intent of using the proceeds to pay down debt. In conjunction with the listing, the company changed its corporate name from Petco Animal Supplies, Inc. to Petco Health and Wellness Company, Inc.WEB, Garcia, Tonya, Petco poised for growth after business shift to pet wellness from pet food,www.marketwatch.com/story/petco-poised-for-growth-after-business-shift-to-pet-wellness-from-pet-food-11612815567, MarketWatch.com, 19 December 2021, WEB, Egan, Matt, Watch out, Chewy. This 55-year-old pet store is coming for you,edition.cnn.com/2021/01/14/investing/petco-ipo-stock-chewy/index.html, Edition.cnn.com, 14 January 2021, 19 December 2021, That same month, the company began trading again on the NASDAQ under a new symbol, WOOF. The IPO raised $864 million, and CVC Capital Partners and Canada Pension Plan Investment Board retained control as majority owners.NEWS, Hytha, Michael, Petco IPO Raises $864 Million as Retailer Returns to Market,www.bloomberg.com/news/articles/2021-01-14/petco-ipo-raises-864-million-as-retailer-returns-to-market, Bloomberg, 14 January 2021, 19 December 2021, In April 2021, Petco removed 32 traditional rawhide products, to be replaced with products that were “more easily digestible” for dogs.WEB,www.petworldwide.net/home/news/article/petco-removes-chew-products-from-shelves/, Petco removes chew products from shelves, Petworldwide.net, 2021-04-01, 2022-02-16, Also that month, Petco announced that half of all its products would be “sustainable” by the end of 2025.WEB,www.nbcsandiego.com/news/local/petco-intends-to-make-half-of-all-products-sustainable-by-the-end-of-2025/2576534/, Petco Intends To Make Half Of All Products Sustainable By The End Of 2025, NBC 7 San Diego, 2021-04-14, 2022-02-16, In October 2023, CreditRiskMonitor reported that Petco was nearing a potential Chapter 11 bankruptcy filing.WEB,www.retaildive.com/news/retailers-at-risk-of-bankruptcy-2023/694548/, 11 retailers at risk of bankruptcy in 2023, October 2, 2023, October 3, 2023, Retail Dive, en, On March 13, 2024 Petco announced that its CEO, Ron Coughlin, is stepping down, and board member and Best Buy executive R. Michael Mohan will take over as interim chief executive WEB, 13 March 2024, Petco CEO Ron Coughlin is out, former Best Buy exec to step in as interim chief executive, CNBC,www.cnbc.com/2024/03/13/petco-ceo-ron-coughlin-steps-down.html, 13 March 2024,

Products and services

(File:Petco_Vetco_(48532828921).jpg|right|thumb|250px|Vetco car in 2019.)Petco stores sell products such as pet food, pet supplies, small animals, and fish. Petco also owns and operates PetCoach, a web service and app that provides pet advice. It owns PetInsuranceQuotes.com, a pet insurance comparison website. The company offers services and hosts adoption events; some stores offer obedience training, dog grooming, pet vaccinations, and veterinary care.As of 2022, Petco’s website lists some of the following brands: Hill’s Science Diet, Instinct Pet Food, Royal Canin, Blue Buffalo Cat & Dog Food, Merrick, and Orijen among others.WEB,www.petco.com/shop/ShopAllBrandsView, Shop Pet Food & Supplies Brands, Petco, In 2018, Petco partnered with JustFoodForDogs, which produces “human-grade” pet food.WEB,www.sandiegouniontribune.com/business/retail/sd-fi-petcoach-store-20180717-story.html, PetCoach, where the picky pet parents go?, July 17, 2018, San Diego Union-Tribune, In 2022, while Petco’s website listed services including dog grooming and dog training, veterinary services, adoptions, a self-serve dog wash, and pet insurance, in-home training was unavailable due to the coronavirus pandemic.WEB,www.petco.com/shop/en/petcostore/c/pet-services, Pet Services: Grooming, Veterinary Care, Training & More, Petco, Petco owns PupBox, a monthly delivery service.WEB,www.inc.com/emily-canal/shark-tank-company-pupbox-acquired-by-petco.html, This ‘Shark Tank’ Subscription Box Service for Dogs Just Got Acquired by Petco, Emily, Canal, November 15, 2017, Inc. (magazine), Inc, Petco’s subscription service offers vet visits for cats and dogs at its veterinary clinics, and nail trims and teeth cleanings for dogs.WEB, October 5, 2020, Petco introduces Vital Care wellness plan,todaysveterinarybusiness.com/petco-vital-care-wellness-plan/, Today’s Veterinary Business, Launched in 1997, Petco operates a loyalty card program.

Staff and facilities

(File:Unleashed by Petco sign (2013).jpg|thumb|Sign on an Unleashed store that opened in Oregon in 2013)In June 2018, {{Anchor|Ron Coughlin}}Ron Coughlin, a veteran Hewlett-Packard and PepsiCo executive, took over as CEO.WEB,www.sandiegouniontribune.com/business/retail/sd-fi-petco-ceo-20180620-story.html, Petco has a new CEO, sandiegouniontribune.com, 2018-06-20, 2018-07-19, Ron Coughlin serves as chairman of the board. Mike Nuzzo serves as CFO and COO.WEB,corporate.petco.com/management, About Petco – Executive Bios, Corporate.petco.com, The company has approximately 1,500 Petco stores across the United States, Mexico, and Puerto Rico.WEB,corporate.petco.com/, About Petco – About, Corporate.petco.com, As of November 23, 2020, Petco had 27,000 employees and was headquartered in San Diego, California.WEB,www.forbes.com/companies/petco-animal-supplies/, Petco Animal Supplies, Forbes, Of Petco’s stores, 105 contain in-store veterinary clinics.WEB,www.cnbc.com/2021/01/14/petco-ceo-says-pandemic-pet-boom-new-digital-offerings-will-fuel-companys-growth-.html, Petco CEO says pandemic pet boom, new digital offerings will fuel company’s growth, Melissa, Repko, January 14, 2021, CNBC, In 2022, Petco also operated 65 Unleashed by Petco stores in nine states.WEB,corporate.petco.com/unleashed-by-petco, Unleashed by Petco, Corporate.petco.com, The Unleashed stores mainly sell natural dog and cat foods and do not carry live animals. The smaller Unleashed stores are intended to create a community feeling, hosting pet parties and offering services such as adoption events,WEB,www.pe.com/2013/01/14/pets-boutique-style-pet-shop-aims-for-community-ties/, PETS: Boutique-style pet shop aims for community ties, January 14, 2013, dog training, and vaccinations. They also sell high-end goods and toys made in the United States.WEB,chainstoreage.com/operations/petco-names-president-its-small-format-division-unleashed-petco, Petco names president of its small-format division, Unleashed by Petco, Chainstoreage.com,

Legal issues

In June 2010, prosecutors from Marin, Los Angeles, San Diego, San Mateo, and Santa Barbara counties announced that Petco had agreed to settle a $1.75 million consumer protection lawsuit, without admitting liability. The settlement stems from a lawsuit filed in San Diego Superior Court that alleges Petco overcharged its customers and improperly cared for some animals, following inspections of Petco stores throughout California from 2005 through 2008. Petco paid more than $850,000 to resolve a similar case in 2004.WEB,www.contracostatimes.com/news/ci_15218989?source=rss&nclick_check=1, Petco to pay $1.75 million settlement after allegedly overcharging customers, improperly caring for animals, ContraCostaTimes.com, 2012-11-02, In September 2011, a Petco location in Johnson City, New York came under fire when nearly 100 animals drowned during a flood caused by Tropical Storm Lee.WEB,www.pressconnects.com/article/20110910/NEWS01/109100392/PETCO-discovery-Close-100-animals-lost-flood, PETCO discovery: Close to 100 animals lost in flood, Pressconnects.com, 2012-11-02, Despite severe weather warnings and flood advisories for the nearby river in the days prior, including from the National Weather Service (as stated by the Johnson City police), Petco initially claimed it had not received warnings, and that the casualties were caused by a backup in the store’s drain/sewage line, not by the flooding that submerged the store in four feet of water. Johnson City Mayor Dennis Hannon called Petco’s initial claims “absurd”, and stated that “for them not to go down there is just absolutely disgusting”, alluding to the sewer/drain line backup being only a small part of the problem.WEB,www.wbng.com/news/local/Saturday--Petco-129586498.html, Petco Pets Die In Flood, WBNG-TV, 2011-09-10, 2012-11-02, WEB,www.petcoscoop.com/2011/09/johnson-city-petco-flooding/#comments, Johnson City Update from Petco CEO, Jim Myers, The Petco Scoop Blog, 2011-09-11, 2012-11-02, dead,www.petcoscoop.com/2011/09/johnson-city-petco-flooding/#comments," title="web.archive.org/web/20120712011138www.petcoscoop.com/2011/09/johnson-city-petco-flooding/#comments,">web.archive.org/web/20120712011138www.petcoscoop.com/2011/09/johnson-city-petco-flooding/#comments, 2012-07-12, On September 12, 2011, Petco issued a statement accepting full responsibility for the event, saying that they “misjudged” the risk of a flood. PETA called for a criminal investigation against Petco.WEB,www.pressconnects.com/article/20110912/NEWS01/110912034/Petco-accepts-full-responsibility-animals-deaths-Binghamton-flood, Petco accepts ‘full responsibility’ for animals’ deaths in Binghamton flood, Pressconnects.com,www.pressconnects.com/article/20110912/NEWS01/110912034/Petco-accepts-full-responsibility-animals-deaths-Binghamton-flood?nclick_check=1," title="archive.today/20130131195618www.pressconnects.com/article/20110912/NEWS01/110912034/Petco-accepts-full-responsibility-animals-deaths-Binghamton-flood?nclick_check=1,">archive.today/20130131195618www.pressconnects.com/article/20110912/NEWS01/110912034/Petco-accepts-full-responsibility-animals-deaths-Binghamton-flood?nclick_check=1, 2013-01-31, 2012-11-02, live, WEB,www.petcoscoop.com/2011/09/johnson-city-petco-flooding/, Johnson City Update from Petco CEO, The Petco Scoop Blog, 2011-09-11, 2012-11-02, dead,www.petcoscoop.com/2011/09/johnson-city-petco-flooding/," title="web.archive.org/web/20120712011138www.petcoscoop.com/2011/09/johnson-city-petco-flooding/,">web.archive.org/web/20120712011138www.petcoscoop.com/2011/09/johnson-city-petco-flooding/, 2012-07-12, In 2013, a 10-year-old boy died when he contracted rat-bite fever from his pet rat and his family filed a lawsuit against Petco, but the jury found Petco not negligent or liable.WEB, Jury sides with Petco after 10-year-old dies from rat-bite fever,www.cbsnews.com/news/jury-sides-with-petco-after-boy-dies-from-rat-bite-fever/, 2022-01-23, CBS News, 20 April 2017, en-US,

Petco Love

Petco Love, formerly The Petco Foundation,WEB, Grill-Goodman, Jamie, First Look: Petco’s New Pet Care Center Concept Store,risnews.com/first-look-petcos-new-pet-care-center-concept-store, RIS News, 3 March 2022, 13 May 2022, was created in 1999 to help promote and improve the welfare of companion animals, and spends more than $30 million to support this cause annually.WEB,www.charitynavigator.org/index.cfm?bay=search.summary&orgid=9917, Petco Foundation, Charitynavigator.org, 5 October 2017, WEB,about.petco.com/2017-09-21-Petco-Foundation-Surpasses-200-Million-Invested-in-Lifesaving-Animal-Welfare-Work-Nationwide-Since-1999, Petco Foundation Surpasses $200 Million Invested in Lifesaving Animal Welfare Work Nationwide Since 1999, Petco.com, 5 October 2017, An independent nonprofit organization, Petco Love works with local animal welfare groups across the country to host in-store adoption events and helps find homes for companion animals. The foundation also supports spay and neuter efforts, animal assistant therapy programs, and education about the humane treatment of animals.On January 24, 2019, Petco Love partnered with Skechers, which pledged to donate a portion of its Bobs from Skechers charity’s proceeds to the foundation.WEB,www.petproductnews.com/News/Petco-Foundation-Partners-with-Skechers/, Petco Foundation Partners with Skechers, Pet Product News, 5 February 2019, en, 2019-04-19, WEB,www.chicagotribune.com/suburbs/elgin-courier-news/news/ct-ecn-petco-grant-anderson-shelter-south-elgin-st-0213-story.html, Petco Foundation surprises South Elgin animal shelter with check for $95,000, Casas, Gloria, Elgin Courier-News, en-US, 2019-04-19, On April 15, 2019, it was announced that the foundation had donated $500,000 to the Animal Services department of El Paso, Texas to create an exhibit of adoptable domestic cats at the El Paso Zoo.WEB,www.elpasotimes.com/story/news/2019/04/16/el-paso-zoo-feature-adoptable-shelter-cats/3484957002/, El Paso Zoo to get exhibit of adoptable cats courtesy of $500,000 Petco Foundation grant, El Paso Times, en, 2019-04-19, In 2021, Petco debuted its “Love Lost facial recognition program”, which uses a database to help locate missing dogs in the shelter system.WEB, Murillo, Michelle, Facial recognition may help you find your lost pet,wtop.com/animals-pets/2021/06/facial-recognition-may-help-you-find-your-lost-pet/, WTOP, 17 June 2021, 1 December 2021,

See also

• List of companies headquartered in San Diego
• List of superstores
• List of California companies
• Hamster racing

References

{{reflist|colwidth=30em}}

External links

{{Commons category-inline|Petco}}

• {{Officialwww.petco.com}}

{{Finance links| name = Petco| symbol = WOOF| sec_cik = WOOF| yahoo = WOOF| google = WOOF}}{{Leonard Green}}{{Pet stores}}