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Share this article Share this article ROCKVILLE, Md., April 1, 2021 /PRNewswire/ -- COVID-19 impacts on the U.S. pet industry were not what seemed inevitable during the initial months of the pandemic. Instead, 2020 turned out to be a banner year for the market, with sales growth of 9% pushing overall pet industry sales to $107 billion, as reported by Packaged Facts' just released U.S. Pet Market Outlook, 2021-2022. Along with the re-confirmed recession resistance of the pet industry, several factors support an extremely positive near- and long-term outlook for the pet market. A surge in pet...

Home Baking Product Sales Up 24% to $26 Billion, reports Packaged Facts Quarantining during coronavirus drives interest in home baking as a hobby and as a source of comfort foods News provided by Share this article Share this article ROCKVILLE, Md., March 11, 2021 /PRNewswire/ -- As the coronavirus pandemic caused lockdowns and a number of office workers relocated to working at home full-time in 2020, many consumers began to spend most of their time at home and looked for more home-based activities. Baking activity took off, and subsequently, sales of baking-related products soared by 24% la...

Share this article ROCKVILLE, Md., March 9, 2021 /PRNewswire/ --  During the pandemic, pet owners—like all Americans—have been flocking online in droves due to store closures and stay-at-home and social distancing measures. Nearly two-thirds of U.S. pet owners (64%) have been ordering/buying online more, almost half (49%) have been ordering/buying more via smartphone, and over two-fifths (43%) have been buying groceries online more, based on a 2020 Survey of Pet Owners by market research firm Packaged Facts. In the same survey, 31% of pet owners reported using curbside pickup more for gr...

(Separate multiple addresses with a comma) Your Email Address Your Message (optional) Citibank Agents $2.2B in Financing Facilities for Petco March 08, 2021, 08:20 AM Petco Health and Wellness Company announced that, on March 4, 2021, it completed the successful refinancing of its existing term loan facility with borrowings under a new term loan facility and entered into a new asset based revolving credit facility replacing its existing asset based revolving credit facility. According to an 8K filed with the SEC, Citibank served as administrative agent and collateral agent on ...

Pet Industry Resets as New Omnimarket, reports Packaged Facts Ahead of Global Pet Expo Digital Access By mid-decade only half of pet product spending will take place in a store, predicts Packaged Facts analyst News provided by Share this article Share this article ROCKVILLE, Md., March 4, 2021 /PRNewswire/ -- The U.S. pet market is in the midst of a reset that has multi-front competition blurring the lines between the once distinct, but now increasingly merging, segments of pet product retailing, pet services, and petcare. The outcome has transformed the pet industry into a new omnimarket, r...