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Posts Tagged ‘stores

So you can’t wait for Black Friday to jump-start your holiday shopping?  Well, Old Navy will be open on Thanksgiving day from 12 -7 p.m.  

It’s called Gobblepalooza, where shoppers will enjoy great deals (50% off all outerwear, $15 sweaters for the entire family and buy 2 t-shirts get one free) and fun in-store festivities (Rock Band anyone?).  Also,  The first customers in line will receive a free Rock Band guitar! Plus everyone can enter to win a $200 shopping spree.

And starting Black Friday, Old Navy will open at 3 a.m. until midnight.  For more details on participating stores and hours, click here.

With inventory levels expected to be low this year, according to industry research firm IBISWorld, savvy shoppers will need a leg-up on the season to ensure they get all the gifts on their list.  Otherwise, the last-minute shopper could be left in the dust.

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Photo by coloniera2

Photo by coloniera2

Despite an ailing economy, pet owners are showing they are more than willing to splurge when it comes to the health and happiness of their animals. According to industry research firm IBISWorld, the pet business is expected to generate $51.6 billion this year, an increase of 1.3 percent from 2008, with trends in health and nutrition altering the market.

Veterinary services are forecasted to grow the fastest, at an average annualized rate of 4.3 percent in the next five years—accounting for an estimated $22.3 billion in revenue this year.

“Pet healthcare is a big business, as awareness in health is driving growth in this area” said George Van Horn, senior analyst at IBISWorld.

Veterinary practices are now expanding their range of services in order to cater to the health-related needs of animals. Chiropractics, ophthalmology, dentistry, and dermatology, to name a few, are becoming more readily available.

Pet Food production can expect steady growth in the next five years, and is projected to generate approximately $15.2 billion this year. This sector is also being affected by and adjusting to trends in natural and organic products. In recent years, over half of all pet-owners have shown concern in what their pets are eating, causing a greater shift in demand for premium pet food—ranging from breed-specific brands, to weight-loss diets, to special or natural-ingredient foods claiming nutritional benefits.

The Pet Grooming and Boarding sector, expected to generate $2.69 billion this year, is comprised primarily of pet-care, training, and pet-sitting—all of which are experiencing growth within the industry. Such practical services accommodate convenience to the increasingly busy American lifestyle, and pet stores are starting to incorporate these services in recognition of this growing need.

Pet stores are expected to generate revenue of $11.45 billion this year.  Live animal purchases contribute the least in sales, and this will continue its decline as companies become socially responsible in response to ethical concerns surrounding puppy mills, as well as overpopulation issues of homeless animals in shelters. Major pet store retailers now affiliate themselves with organizations that help dogs and cats with adoption. For instance, PETCO now hosts an in-store adoption center, introducing the philosophy “Think Adoption First.”

In 2009, the population of dogs and cats as pets is approximately 169 million, which has increased roughly 2.4 percent since last year. Of those, 18 percent of cats and 10 percent of dogs have been adopted from animal shelters.

“Americans consider their pets as members of the family, making businesses that cater to our four-legged friends a stable, growing market,” said Van Horn.

Photo by LotusHead
Photo by LotusHead

Consumers are expected to spend significantly less on Easter candy this year, according to industry research firm IBISWorld.  Overall sales are forecasted to decline by 10.2 percent, compared to a decline of 7.1 percent in 2008.  

 

“Although candy sales are expected to decline greatly, the forecast could have been much worse had it not been for the holiday’s calendar date,” explained George Van Horn, senior analyst with IBISWorld.  “Easter occurs 20 days later than last year, so candy producers and marketers have additional days to merchandise their products.  This will cushion some of the inevitable blow on spending.”

 

More than 30 percent of all holiday confectionary purchases are made during the Easter period, totalling $1.77 billion.  Chocolate confectionary accounts for the majority of purchases at 56 percent, followed by non-chocolate candy at 33 percent and gum at 11 percent.

 

When it comes to purchasing, more than 55 percent of all Easter confectionary sales in 2009 are estimated to arise from supermarkets, while 18 percent will be from chocolatiers and specialty confectionary retailers.  The remaining will be made up by big box retailers, discount, convenience stores and online sales.

 

This Easter the nation will roughly consume:

 

  • 16 billion jellybeans (with cherry, strawberry, grape, and lime being the favorite flavors)
  • 700 million Marshmallow Peeps

 

As far a chocolate is concerned, 65 percent of adults are expected to consume milk chocolate while 27 percent are predicted to consume dark chocolate.