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4-Traders Homepage  >  Equities  >  Nasdaq  >  PetSmart, Inc.    PETM

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PetSmart : Expands with 12 New Stores in Q1 2016

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06/22/2016 | 05:50pm CET

Announces Store Expansion Plans for Remainder of the Year

Phoenix - June 22, 2016 - PetSmart Inc. today announced that it has opened 12 net new stores in the U.S. and Canada for the quarter ending May 1, 2016. PetSmart's continued expansion of its store footprint in key markets in the U.S. and Canada is part of its long-term growth strategy and will further strengthen its position as the largest specialty pet retailer in North America.

The company opened 50 net new stores in 2015 and expects to open approximately 80 net new stores in fiscal year 2016.

New stores were opened in the first quarter in the following locations:

  • Albertville, Alabama
  • Tempe, Arizona
  • El Centro, California
  • Goleta, California
  • Van Nuys, California
  • Lafayette, Louisiana
  • Scarborough, Maine
  • Marlboro, New Jersey
  • Oshkosh, Wisconsin
  • Colombia, South Carolina
  • Sevierville, Tennessee
  • Georgetown, Ontario, Canada

The new stores average over 12,000 square feet with service offerings such as grooming and pet training.

'We are ramping up efforts to expand our footprint in North America and are actively identifying and evaluating opportunities in both current and new markets,' said Brian Amkraut, senior vice president of real estate, strategy and initiatives. 'Our customers prioritize convenience, and we are listening and responding. Our aim is to focus on consumers' localized needs and we're pleased to have more opportunities to engage with and serve customers, and to be active in supporting pets and pet parents in these communities.'

PetSmart recently strengthened its real estate team with the promotion of Ryan O'Sullivan to vice president of real estate and the addition of Ryan Hill as a vice president of real estate and development.

PetSmart operates 1,466 stores in the U.S., Canada, Puerto Rico and 203 in-store PetSmart® PetsHotel® dog and cat boarding facilities.

About PetSmart®
PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. At PetSmart, we love pets, and we believe pets make us better people. Every day with every connection, PetSmart's passionate associates help bring pet parents closer to their pets so they can live more fulfilled lives. This mission impacts everything we do for our customers, the way we support our associates, and how we give back to our communities. We employ approximately 53,000 associates, operate 1,466 pet stores in the United States, Canada and Puerto Rico and 203 in-store PetSmart® PetsHotel® dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and pet products and offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store. Our portfolio of digital resources for pet parents - including PetSmart.com, PetFoodDirect.com, Pet360.com and petMD.com - offers the most comprehensive online pet supplies and pet care information in the U.S. Through our in-store pet adoption partnership with independent nonprofit organizations, PetSmart Charities® and PetSmart Charities™ of Canada, PetSmart helps to save the lives of more than 500,000 homeless pets each year. In addition, PetSmart supports organizations that make communities a better place to call home through our philanthropy program, PetSmart Gives Back ™. By giving back to the communities where we live and work, PetSmart not only celebrates the power of pets to enrich people's lives-we live it.

Follow PetSmart on Twitter: @PetSmart
Find PetSmart on Facebook: www.facebook.com/PetSmart
See PetSmart on YouTube: www.YouTube.com/PetSmart

ContactsMelissa Wenzel
PetSmart
623-587-2470
mwenzel@petsmart.com

PETsMART Inc. published this content on 22 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 June 2016 15:50:08 UTC.

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