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San Antonio says no to designer pet sales, nuisance feeding of stray feral cats


San Antonio says no to designer pet sales, nuisance feeding of stray feral cats
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As of Jan. 1, San Antonio pet stores can only sell rescued dogs and cats, not animals from a breeder.Getty Images
Two new animal ordinances that took effect Jan. 1 pertain to cats and dogs. One addresses puppy and kitten sales, the other the feeding of feral cats.
This past year, city leaders approved an ordinance that requires pet stores to only sell rescued dogs and cats, not dogs and cats from breeders. The ordinance does not ban retailers from selling pets, but it requires those dogs and cats to come from “a city or county animal shelter, an animal control agency, or an animal rescue organization licensed by the department,” according to the ordinance. ....

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WOOF! Petco Soars In First Day Trading


WOOF! Petco Soars In First Day Trading
WASHINGTON (dpa-AFX) - Pet care retailer Petco Health and Wellness Company Inc. s shares surged around 63% in the first day trading on Thursday after the Initial Public Offering, reflecting strong demand for pets as majority of people are confined to their homes during the Covid-19 pandemic crisis.
On the Nasdaq, the shares, which are trading under the ticker symbol WOOF, opened at $26, reflecting 44% above its IPO price. The company s shares closed at $29.40 for the day, putting its market value at $6.4 billion.
On Wednesday, the animal supply chain store, which operates around 1,470 stores across the United States and Puerto Rico, sold 48 million shares for $18 each, raising about $864 million. This was higher than its initially expected price target of $14 to $17. ....

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