Petco poised for growth after business shift to pet wellness from pet food



a dog looking at the camera


© Petco Health and Wellness Co.


THE RATINGS GAME

Petco Health & Wellness Co. has shifted its business away from bricks-and-mortar pet food retail and is now once again a publicly traded company poised for growth.

“The company is in the midst of a transformation under new CEO Ron Coughlin, developing a fully-integrated comprehensive pet care ecosystem to serve the 50% of pet parents who prefer a one-stop experience that cannot be matched by online-only competitors,” wrote Wedbush analysts led by Seth Basham.

Wedbush notes that Petco was a private company for 14 years before trading began last month.

Moreover, Petco has gone public after a surge of pet ownership during COVID-19, with adoptions increasing 4% in 2020, analysts say.

Read: Petco CEO highlights the resiliency of the pet industry as COVID-19 drives increase in adoption

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How China presents opportunity for pet-food majors | Food Industry Comment

Chinese consumers prefer to feed pets with imported products

just-food’s China market columnist Peter Peverelli digs into the country’s growing pet-food market.

Due to rising living standards and urbanisation, phenomena referred to as “empty-nest youth” and “empty-nest elderly” have soared in China.

The former will strike many western readers as odd, as empty-nest syndrome is typically linked to the elderly. However, remember the subject of the previous Eye on China column the growing number of Chinese young adults living on their own. They enjoy a level of freedom their parents and earlier ancestors had not even dreamed about but they are culturally still Chinese, with a communitarian inclination.

If you are not ready for regularly sharing your home with another person but still would like a companion, then a pet is an attractive alternative. The number of these empty-nest youths in China is expected to reach 92 million this year.

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Cooking with Kim: The story of cod – Food and Dining – Monroe News – Monroe, Michigan

Cod is a mild fish once enjoyed by explorers, adventurers. Kim Domick shares that story and some recipes in her latest food column.

Atlantic cod is often referred to as “the fish that changed the world.”

No other fish was as important to the settlement of the Eastern coast of North America, and no other has brought more wealth to the market as cod. The cod’s story is one of freedom.

As Europeans explored North America looking for passage to Asia, they discovered the abundance of large cod, and began fishing along the coast of what is now New England.

They set up temporary fishing camps, and many stayed on. Early settlers perfected the preserving technique of drying and salting the fish which fueled the trade and business of new colonies.

To be fair, though, preserving techniques were perfected long before North America was explored. Cod — gadus morhua —

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Dollar General’s healthy food partnership with Baton Rouge spotlighted

In its newly released 2020 Best Practices Report, The U.S. Conference of Mayors highlighted Dollar General’s role in helping to increase fresh produce and access to healthier food in Baton Rouge as an example of an innovative public-private partnership addressing an economic challenge communities across the country are facing.

Specifically, the report—produced annually by the U.S. Conference of Mayors’ Business Council—detailed how Dollar General partnered with Mayor Sharon Weston Broome to bring healthier food options to two remodeled stores in communities without a nearby grocery store. 

Dollar General’s curated assortment provides fresh fruits and vegetables including lettuce, tomatoes, onions, apples, strawberries, potatoes, sweet potatoes, lemons, limes, salad mixes and more. The produce set offers the top 20 items typically sold in traditional grocery stores and covers approximately 80% of produce categories most stores carry.

Additionally, the report mentions how the chain was able to partner with the American Heart

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