The second largest pet retailer in the UK, Pets Corner, has continued to buck the retail gloom, reporting rising like-for-like sales of 6.51% as it nears completion of its store refurbishment programme and merger with Pampurred Pets.
Following Pets Corner’s acquisition of Pampurred Pets in April 2016, it has invested £1.77 million refitting 18 of the acquired 49 stores, and closing 22 of the most unprofitable, relocating staff to nearby Pets Corner shops where possible. The remaining nine Pampurred Pets locations will complete their integration into Pets Corner by the end of 2019.
Pet Family, which owns Pets Corner and Pampurred Pets, also runs the UK’s first natural grooming spa Dogwood, which operates six outlets within existing Pets Corner stores. Since launching in
February 2017, Pet Family has reported Dogwood’s like-for-like sales were up 111% in June.
Pet Family is now planning to accelerate openings of Dogwood spas with another four planned in 2018 and a further eight openings scheduled for 2019. The business will look to invest over £5.4 million over the next three years in at least 12 more store openings whilst developing the existing estate.
Pet Family’s retail sales continue to outperform competitors with the company reporting that between October 2017 and June 2018 like-for-like sales were up 6.51% overall. The company has also reported a record 7.26% increase in its like-for-like sales in June, despite the warm weather negatively impacting other high street businesses.
CEO of Pet Family Dean Richmond, said: “Following our acquisition of Pampurred Pets, we have carefully and extensively converted the stores into the Pets Corner format. This has resulted in an average sales increase of over 20% at these locations – an absolutely incredible success.
“We believe that despite the competition posed by online shopping, pet owners will always want to visit stores that can offer them expert advice as well as taking advantage of services that cannot be provided online such as veterinary surgeries and grooming spas.”
Pet Family is firmly on target to achieve a year end EBITDA of £8.18 million – a 31% increase on last year.