"Specialty retail" refers to stores or businesses that focus on selling a particular type of product or goods, usually catering to a specific niche or interest. These stores offer a specialized selection of items and expertise in a specific area, rather than providing a wide range of products like general retail stores.
Full definition
Natural treat manufacturers see ample opportunity for
pet specialty retailers in emphasizing healthful ingredients.
Or, a teacher can purchase a pet and supplies at any independent pet
specialty retailer in his or her area, and then request reimbursement.
The combination will unite one of the largest pet
specialty retailers with one of the largest online pet retailers in the country.
With that in mind, here are three things that I believe need to happen in the months ahead to ensure the pet
specialty retail channel's continued prosperity: 1.
For pet
specialty retailers who invest in the interactive toys and puzzles category, this trend can translate into some pretty dynamic profits.
Using a well - developed employee education program to build a knowledgeable store staff is essential to the success of a pet
specialty retail business.
In fact, a number of pet
specialty retail chains across the country have added or enhanced their own home - delivery services to better compete on convenience.
Natural products, which began to gain sales momentum around 10 years ago, have come to dominate the market, accounting for 71 percent of all pet
specialty retail sales in 2016.
The center is over 1.1 million square feet, with approximately 400,000 square feet of in - line
specialty retail space.
Despite the formidable issues facing pet
specialty retailers today, however, the future is still bright for those that can utilize their competitive strengths to adjust to the evolving pet care market.
That said, pet owners visit pet
specialty retailers more frequently than they do their veterinarian on an annual basis to purchase food and other essential items.
They are moving away from buying their dog food at the grocery store and going to
specialty retailers like us; and we're here, meeting their needs.
Competition from mass retailers is another hurdle, especially for
specialty retailers looking to add or expand the category in their stores.
Just as competition
among specialty retailers in malls eventually raised the design standards for those stores, so has competition among big - box retailers led to new design concepts.
However, many pet
specialty retailers see things a little differently, as cats are hardly the only animals to benefit from a litter box.
Although only a handful of shopping centers larger than 50,000 square feet are sold each year, smaller,
specialty retail centers still frequently change hands.
Education as well as strategic merchandising with the right product assortment will
make specialty retailers top of mind for consumers shopping for all of their pet's oral care needs.
Significant changes in the pet
specialty retail landscape have made it difficult to distinguish which businesses qualify for this designation.
While most
aquatic specialty retailers are quite familiar with these dual systems, the average pond keeper may need some help in understanding how they work.
This is good news for independent pet
specialty retailers because it means that the treat category can create ample sales opportunities.
One of the first things that many independent pet
specialty retailers do when looking to gain greater control of costs is reduce the workforce.
When facing economic uncertainty, it is essential that pet
specialty retailers find creative ways to cut operational costs without killing sales.
Four single - unit pet
specialty retailers reveal how they are stepping up to overcome the challenges facing small, independent pet stores in today's rapidly evolving marketplace.
Therefore, it is important that pet
specialty retailers carry different green products than their competitors in order to differentiate themselves.
With the cost of being an employer increasing on multiple fronts, it is imperative that pet
specialty retailers understand the true value of store staff and tailor their compensation accordingly.
While pet
specialty retailers face serious challenges in an evolving competitive environment, they can still be successful by playing to their strengths.
The supplements and remedies category offers pet
specialty retailers effective tools to help customers who are increasingly searching for ways to keep their dogs happy and healthy.
Could the pet industry's past success be responsible for putting many
specialty retailers out of business over the past year?
However, there's another reason why pet
specialty retailers should make a serious effort to get a firm grip on this category — profits.