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[[File:Pet Supplies Plus Centreville OH USA.JPG|thumb|Pet Supplies Plus location in [[Centerville, Ohio]]]]
[[File:Pet Supplies Plus Centreville OH USA.JPG|thumb|Pet Supplies Plus location in [[Centerville, Ohio]]]]
'''Pet Supplies Plus''' (also styled '''Pet Supplies "Plus"'''), founded in 1988 in [[Redford, Michigan]] in the [[United States]], is a privately held pet supply retailing corporation with a major presence in the [[United States|US]].<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10622359|title=Pet Supplies Plus/USA Inc.|publisher=[[Business Week]]|date=2010-05-16|accessdate=2010-05-16}}</ref><ref>{{cite web|title=Industry Overview:Pet Stores|url=http://www.hoovers.com/pet-stores/--ID__222--/free-ind-fr-profile-basic.xhtml|publisher=[[Hoover's]]|accessdate=2010-05-23|quote=Major companies include PetSmart, PETCO Animal Supplies Stores, Pet Supplies Plus, and Petland. }}</ref> As of 2005, it was the third largest specialty pet food retailer in the US.<ref name=crains>{{cite web|title=With the big dogs; Pet Supplies Plus grows to 3rd-largest pet food specialist|url=http://goliath.ecnext.com/coms2/gi_0199-5075027/With-the-big-dogs-Pet.html|date=2005-12-05|accessdate=2010-05-16|publisher=Crain's Detroit Business ([[Crain Communications]])}}</ref> The company began adding [[Franchising|franchise]] locations in the Midwest, expanding into the northeastern and southern states during the late 1990s.<ref name=crains/> As of February 2021, Pet Supplies Plus store locations consisted of over 560 stores in 36 states.<ref name=pets>{{cite web|title=About Us|publisher=Pet Supplies Plus|url=http://www.petsuppliesplus.com/about.html|accessdate=2015-05-25}}</ref>
'''Pet Supplies Plus''' (also styled '''Pet Supplies "Plus"'''), founded in 1988 in [[Redford, Michigan]] in the [[United States]], is a privately held pet supply retailing corporation with a major presence in the [[United States|US]].<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10622359|title=Pet Supplies Plus/USA Inc.|publisher=[[Business Week]]|date=2010-05-16|accessdate=2010-05-16}}</ref><ref>{{cite web|title=Industry Overview:Pet Stores|url=http://www.hoovers.com/pet-stores/--ID__222--/free-ind-fr-profile-basic.xhtml|publisher=[[Hoover's]]|accessdate=2010-05-23|quote=Major companies include PetSmart, PETCO Animal Supplies Stores, Pet Supplies Plus, and Petland. }}</ref> As of 2005, it was the third largest specialty pet food retailer in the US.<ref name=crains>{{cite web|title=With the big dogs; Pet Supplies Plus grows to 3rd-largest pet food specialist|url=http://goliath.ecnext.com/coms2/gi_0199-5075027/With-the-big-dogs-Pet.html|date=2005-12-05|accessdate=2010-05-16|publisher=Crain's Detroit Business ([[Crain Communications]])}}</ref> The company began adding [[Franchising|franchise]] locations in the Midwest, expanding into the northeastern and southern states during the late 1990s.<ref name=crains/> As of February 2021, Pet Supplies Plus store locations consisted of over 560 stores in 36 states.<ref name=pets>{{cite web|title=About Us|publisher=Pet Supplies Plus|url=http://www.petsuppliesplus.com/about.html|accessdate=2015-05-25}}</ref>

The chain's founders, Harry Shallop and Jack Berry, sought to bring grocery store convenience into the pet supply world.<ref name=pets/> The chain's stores are owned by independent franchisees and company stores. Measuring about {{convert|10000|sqft|m2}}, the stores are focused on being neighborhood pet supply "supermarkets," stocking a very wide selection of pet food and supplies. The stores also have limited livestock departments, and some have also recently added grooming services and self-serve dog washes. The stores make it a point to welcome dogs, cats and other pets to its stores. Pet Supplies Plus considers themselves to be "Americas Favorite Neighborhood Pet Store" In keeping with the neighborly feel, it displays biscuits at "nose level" so dogs can take samples while shopping with their owners. Many locations sponsor adoption events with local animal rescue and humane groups. Pet Supplies Plus currently has their own brand of natural dog food called Redford Naturals, comparable in quality to Blue Buffalo, but sold at a cheaper price.


==History==
==History==
Pet Supplies Plus was founded in 1988 by Harry Shallop and Jack Berry, in [[Redford, Michigan]].<ref name=PSP>{{cite web | url = https://peprofessional.com/2018/12/pet-supplies-plus-switches-sponsors/ | title = Pet Supplies Plus Switches Sponsors | accessdate = 7 April 2020 | date = 13 December 2018 | work = Private Equity Professional | author = McNulty, John}}</ref>
Pet Supplies Plus was founded in 1988 by Harry Shallop and Jack Berry, in [[Redford, Michigan]]<ref>{{cite web | url = https://peprofessional.com/2018/12/pet-supplies-plus-switches-sponsors/ | title = Pet Supplies Plus Switches Sponsors | accessdate = 7 April 2020 | date = 13 December 2018 | work = Private Equity Professional | author = McNulty, John}}</ref>. Their store was designed according to the [[grocery stores]] model; it was the first pet shop with wide [[aisle]]s and neat well-stocked display shelves.<ref>{{cite web|url=http://www.petsuppliesplus.com/about.html| title=About Us|date=|accessdate= 2010-06-09}}</ref> The stores featured overhead signs, large [[parking lots]], convenient hours, everyday low prices, and helpful staff on the aisles.

This new pet retail concept was a success, and within five years after opening the first store, the founders had opened stores in 30 more locations. Not long after, the two were joined by a third partner, Harvey Solway. In September 2010, the firm was sold to [[Irving Place Capital]], a private equity group. Day-to-day operations continue to be run by the management team in place before the sale and the company's top managers continue to own a share in the company, while many of the stores are independently owned franchised sites.


In December 2018, Pet Supplies Plus was acquired by [[Sentinel Capital Partners]].<ref name="ppn">{{cite web |url=http://www.petproductnews.com/News/Pet-Supplies-Plus-Acquired-by-Private-Equity-Firm/ |title=Pet Supplies Plus Acquired by Private Equity Firm |date=December 13, 2018 |publisher=Pet Product News |accessdate=March 10, 2019 |archiveurl=https://web.archive.org/web/20190310123747/http://www.petproductnews.com/News/Pet-Supplies-Plus-Acquired-by-Private-Equity-Firm/ |archivedate=March 10, 2019 |url-status=live}}</ref>
In December 2018, Pet Supplies Plus was acquired by [[Sentinel Capital Partners]].<ref name="ppn">{{cite web |url=http://www.petproductnews.com/News/Pet-Supplies-Plus-Acquired-by-Private-Equity-Firm/ |title=Pet Supplies Plus Acquired by Private Equity Firm |date=December 13, 2018 |publisher=Pet Product News |accessdate=March 10, 2019 |archiveurl=https://web.archive.org/web/20190310123747/http://www.petproductnews.com/News/Pet-Supplies-Plus-Acquired-by-Private-Equity-Firm/ |archivedate=March 10, 2019 |url-status=live}}</ref>


In January 2021, the Franchise Group, Inc., announced it was acquiring Pet Supplies Plus,<ref>{{Cite web|url=https://www.petsuppliesplusfranchising.com/franchise-group-inc-acquires-psp/|title = Franchise Group Inc Acquires PSP|date = 26 January 2021}}</ref> <ref>{{Cite web|url=https://www.petproductnews.com/news/pet-supplies-plus-acquired-for-700-million/article_4d508c1e-5f3e-11eb-bb9e-33fdfee82848.html|title = Pet Supplies Plus Acquired for $700 Million}}</ref> and the deal was closed on March 10, 2021.<ref>{{Cite web|url=https://www.globenewswire.com/news-release/2021/03/10/2190766/0/en/Franchise-Group-Inc-Closes-on-the-Acquisition-of-Pet-Supplies-Plus.html|title=Franchise Group, Inc. Closes on the Acquisition of Pet Supplies Plus|date=10 March 2021}}</ref>
In January 2021, the Franchise Group, Inc., announced it was acquiring Pet Supplies Plus,<ref>{{Cite web|url=https://www.petsuppliesplusfranchising.com/franchise-group-inc-acquires-psp/|title = Franchise Group Inc Acquires PSP|date = 26 January 2021}}</ref> <ref>{{Cite web|url=https://www.petproductnews.com/news/pet-supplies-plus-acquired-for-700-million/article_4d508c1e-5f3e-11eb-bb9e-33fdfee82848.html|title = Pet Supplies Plus Acquired for $700 Million}}</ref> and the deal was closed on March 10, 2021.<ref>{{Cite web|url=https://www.globenewswire.com/news-release/2021/03/10/2190766/0/en/Franchise-Group-Inc-Closes-on-the-Acquisition-of-Pet-Supplies-Plus.html|title=Franchise Group, Inc. Closes on the Acquisition of Pet Supplies Plus|date=10 March 2021}}</ref>

==Current operations==
As of mid 2017, there are over 400 stores in 31 states, mainly in the eastern half of the United States.
Most of the stores are located in very convenient high-traffic sites with large parking lots.<ref>{{cite web|url=http://www.petsuppliesplus.com/about.html| title=Pet Supplies Plus|date=|accessdate= 2010-06-09}}</ref> Pet Supplies Plus stores in smaller cities have between 5,000 and {{convert|6000|sqft|m2}} while those in larger areas can have up to {{convert|9000|sqft|m2}}. The limited square footage, as compared to general retail "big-box" store, gives the advantage of a better distribution system, and holds down costs. Recently, many Pet Supplies Plus stores have added self-serve dog washes and grooming centers to their sites as a customer convenience.

Pets are allowed to walk through the aisles of the Pet Supplies Plus stores. This store provides treats, [[chew toys]] and other such products which are located on low shelves making it possible for dogs to reach them.


==References==
==References==

Revision as of 02:56, 30 January 2022

Pet Supplies Plus
FormerlyPet Supplies "Plus"
Company typeSubsidiary
IndustryRetail
FoundedJune 1988; 36 years ago (1988-06) (as Pet Supplies "Plus")
Redford, Michigan, U.S.
FoundersJack Berry
Harry Shallop
Headquarters
Livonia, Michigan, U.S.
Number of locations
>560[1] (2021)
Area served
United States
ProductsPet Supplies, Dog Grooming, Self Serve Dog Wash
BrandsAll
ServicesDog Grooming, Self Serve Dog Wash, Pet Adoptions
OwnerFranchise Group[2]
Number of employees
Over 1,000
Websitewww.petsuppliesplus.com
Pet Supplies Plus location in Centerville, Ohio

Pet Supplies Plus (also styled Pet Supplies "Plus"), founded in 1988 in Redford, Michigan in the United States, is a privately held pet supply retailing corporation with a major presence in the US.[3][4] As of 2005, it was the third largest specialty pet food retailer in the US.[5] The company began adding franchise locations in the Midwest, expanding into the northeastern and southern states during the late 1990s.[5] As of February 2021, Pet Supplies Plus store locations consisted of over 560 stores in 36 states.[6]

The chain's founders, Harry Shallop and Jack Berry, sought to bring grocery store convenience into the pet supply world.[6] The chain's stores are owned by independent franchisees and company stores. Measuring about 10,000 square feet (930 m2), the stores are focused on being neighborhood pet supply "supermarkets," stocking a very wide selection of pet food and supplies. The stores also have limited livestock departments, and some have also recently added grooming services and self-serve dog washes. The stores make it a point to welcome dogs, cats and other pets to its stores. Pet Supplies Plus considers themselves to be "Americas Favorite Neighborhood Pet Store" In keeping with the neighborly feel, it displays biscuits at "nose level" so dogs can take samples while shopping with their owners. Many locations sponsor adoption events with local animal rescue and humane groups. Pet Supplies Plus currently has their own brand of natural dog food called Redford Naturals, comparable in quality to Blue Buffalo, but sold at a cheaper price.

History

Pet Supplies Plus was founded in 1988 by Harry Shallop and Jack Berry, in Redford, Michigan[7]. Their store was designed according to the grocery stores model; it was the first pet shop with wide aisles and neat well-stocked display shelves.[8] The stores featured overhead signs, large parking lots, convenient hours, everyday low prices, and helpful staff on the aisles.

This new pet retail concept was a success, and within five years after opening the first store, the founders had opened stores in 30 more locations. Not long after, the two were joined by a third partner, Harvey Solway. In September 2010, the firm was sold to Irving Place Capital, a private equity group. Day-to-day operations continue to be run by the management team in place before the sale and the company's top managers continue to own a share in the company, while many of the stores are independently owned franchised sites.

In December 2018, Pet Supplies Plus was acquired by Sentinel Capital Partners.[9]

In January 2021, the Franchise Group, Inc., announced it was acquiring Pet Supplies Plus,[10] [11] and the deal was closed on March 10, 2021.[12]

Current operations

As of mid 2017, there are over 400 stores in 31 states, mainly in the eastern half of the United States.

Most of the stores are located in very convenient high-traffic sites with large parking lots.[13] Pet Supplies Plus stores in smaller cities have between 5,000 and 6,000 square feet (560 m2) while those in larger areas can have up to 9,000 square feet (840 m2). The limited square footage, as compared to general retail "big-box" store, gives the advantage of a better distribution system, and holds down costs. Recently, many Pet Supplies Plus stores have added self-serve dog washes and grooming centers to their sites as a customer convenience.

Pets are allowed to walk through the aisles of the Pet Supplies Plus stores. This store provides treats, chew toys and other such products which are located on low shelves making it possible for dogs to reach them.

References

  1. ^ "Pet Supplies Plus | Own a Pet Supplies Plus Franchise". Pet Supplies Plus Franchise.
  2. ^ https://www.franchisegrp.com
  3. ^ "Pet Supplies Plus/USA Inc". Business Week. 2010-05-16. Retrieved 2010-05-16.
  4. ^ "Industry Overview:Pet Stores". Hoover's. Retrieved 2010-05-23. Major companies include PetSmart, PETCO Animal Supplies Stores, Pet Supplies Plus, and Petland.
  5. ^ a b "With the big dogs; Pet Supplies Plus grows to 3rd-largest pet food specialist". Crain's Detroit Business (Crain Communications). 2005-12-05. Retrieved 2010-05-16.
  6. ^ a b "About Us". Pet Supplies Plus. Retrieved 2015-05-25.
  7. ^ McNulty, John (13 December 2018). "Pet Supplies Plus Switches Sponsors". Private Equity Professional. Retrieved 7 April 2020.
  8. ^ "About Us". Retrieved 2010-06-09.
  9. ^ "Pet Supplies Plus Acquired by Private Equity Firm". Pet Product News. December 13, 2018. Archived from the original on March 10, 2019. Retrieved March 10, 2019.
  10. ^ "Franchise Group Inc Acquires PSP". 26 January 2021.
  11. ^ "Pet Supplies Plus Acquired for $700 Million".
  12. ^ "Franchise Group, Inc. Closes on the Acquisition of Pet Supplies Plus". 10 March 2021.
  13. ^ "Pet Supplies Plus". Retrieved 2010-06-09.
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