Petco
| File:Petco logo.gif | |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1965 |
| Headquarters | San Diego, California |
| Products | Pet supplies |
| Website | http://www.petco.com |
PETCO is a chain of retail stores that offers pet supplies and services such as grooming and dog training. Founded in 1965 and incorporated in Delaware, it is headquartered in San Diego, California, and is now a private company held by Texas Pacific Group and Leonard Green & Partners. Their mascots are Red Ruff (dog) and Blue Mews (cat), who both appear on the logo.
As of 2007, PETCO has 900 locations in 49 states and the District of Columbia.
Brian Devine is the Chairman of the Board and James Myers is the CEO. Bruce Hall retired as the COO at the end of the 2007 fiscal year.
On July 14 2006, PETCO announced the company would be acquired by two private equity groups, Texas Pacific Group and Leonard Green & Partners at a cost of $1.8 billion.
The PETCO cake, since its inception in 1999, has raised in excess of $34 million for support of more than 3,500 non-profit animal welfare programs across the nation.
In 2004, PETCO launched the "Think Adoption First" program, which encourages the adoption of companion animals as opposed to the outright purchase of them. The program is to reflect PETCO's goal of finding a loving and suitable home for animals.
PETCO runs a natural/holistic food section in its stores referred to as "It's All Natural". The line contains a variety of brands of natural foods that offer no additives or preservatives, and includes only pure/natural ingredients to promote the physical well-being of cats and dogs. The section has become increasingly popular and profitable in the last few years, instantiating a similar trend in other leading pet stores. PETCO often opens its doors to competitors to visit and observe/photograph the section to help in expanding the healthier diet.
Animal Rights
- PETCO was spotlighted when they were selling large exotic birds in their shops. They have now signed an agreement with PETA to end the sale of large birds. This agreement can be found at PETCO Agreement.
Environmental Record
PETCO was recognized with an Environmental accolade for extended producer responsibility for the PET industry and awarded a Trophy for environmental responsibility / sustainability. The award declared PETCO to be an excellent example of a voluntary industry-driven initiative to help solve waste stream problems, fully meeting the requirements for a trophy to reward environmental responsibility and sustainability. The judges applauded PETCO for taking on extended producer responsibility and imposing accountability over the entire life cycle of PET packaging.[1] PETCO natural and organic pet foods, and a wide assortment of environment-friendly pet care products, including pet toys, accessories, cat litter and cleaning supplies.[2] In 2005, a settlement recovering costs of more than $2 million for the clean up of 1992 Michigan oil and gas wells once owned by ExxonMobil and Petco. The Michigan Department of Environmental Quality (MDEQ) sought recovery of the costs incurred to restore the sites after the wells were abandoned in 1997. [3]
Notes
References
http://www.petco.co.za/index.cfm?ActionID=23 http://www.highbeam.com/doc/1G1-133915817.html http://www.prweb.com/releases/2008/4/prweb880894.htm
Naming rights
- PETCO owns the naming rights to the new PETCO Park baseball stadium, home to the San Diego Padres.