Pet owners show preference in purchasing from brick-and-mortar stores
Although there has been an uptick in e-commerce when it comes to pet owners, many prefer to purchase products such as food for their four-legged family members from brick-and-mortar locations like PetSmart and Petco.
This information comes from the latest market research report from Packaged Facts titled, Pet Food in the U.S., 13th Edition. The report takes a look at the comprehensive overview of the market size, projections, cross-market-trends and acquisitions. The report also studied the wide range of products available to consumers which contain special claims, exotic proteins and grains aimed towards winning over pet owners.
Pet Food in the U.S., 13th Edition states that about 88% of dog owners and 93% of cat owners admit to purchasing food for their pets from a store within the last 12 months. One demographic most comfortable with non-traditional purchasing options are millennials. This group was more likely than any other to buy items through a website or app for home delivery or in-store pickup.
Packaged Facts also notes that in 2017, pet retailers strengthened online offerings without ignoring their brick-and-mortar locations. PetSmart added 63 locations in its first three quarters and opened its 1,600th store. Petco operates more than 1,500 stores and Pet Supplies Plus has 400 locations in the nation.
Longtime legislative advocate of OTC, VMS to retire
A staunch legislative advocate of the dietary supplement and over-the-counter medicine industries earlier this week announced his retirement from the Senate. On Tuesday, Sen. Orrin Hatch, R-Utah, announced on Twitter that he will not be defending his Senate seat in 2018.
"When the President visited Utah last month, he said I was a fighter," Hatch said in a video posted on Twitter. "I've always been a fighter. I was an amateur boxer in my youth and I've brought that fighting spirit with me to Washington. But every good fighter knows when to hang up the gloves. For me, that time is soon approaching."
“Of all of Sen. Hatch’s achievements, his commitment to the dietary supplement consumer will be celebrated most by this industry,” stated Steve Mister, president and CEO of the Council for Responsible Nutrition. “Sen. Hatch has been a champion of dietary supplements to be sure, but his insistence on a common sense approach to legislation and regulation has always managed to strike the important balance between safety and access in pursuit of promoting public health.”
“As we reflect on Senator Hatch’s many policy achievements over four decades in the U.S. Senate, his contribution to the healthcare of our nation is particularly impressive," added Scott Melville, president and CEO of the Consumer Healthcare Products Association. "In addition to his authorship of landmark legislation with Congressman Henry Waxman, spearheading pharmaceutical innovation, Sen. Hatch has been a tireless advocate for responsible self-care and measures that empower consumers through access to over-the-counter medicines and dietary supplements."
Hatch, who formed and led the Dietary Supplement Caucus in the Senate, co-authored the landmark legislation that established a rational framework for regulating dietary supplements, the Dietary Supplement Health and Education Act of 1994. The senator also played a critical role in passing the Nonprescription Drug & Dietary Supplement Consumer Protection Act of 2006 (which established a mandatory post-market surveillance program for dietary supplements); enacting the Food Safety Modernization Act in 2011 (that added extra safety precautions for manufacturing food, including dietary supplements); and helped shepherd the passage of the Designer Anabolic Steroid Control Act of 2014 (that helped protect consumers from illegal drugs masquerading as dietary supplements)—all of which strengthened consumer confidence in dietary supplements.
Sen. Hatch used his considerable influence to prod FDA to issue final Current Good Manufacturing Practices regulations in 2007 and to elevate FDA’s Division of Dietary Supplement Programs to Office status in 2016, both of which strengthened FDA’s oversight of dietary supplements that nearly 76 percent of Americans turn to for better health and wellness.
Sen. Hatch was awarded CHPA’s prestigious Ivan D. Combe Lifetime Achievement Award in 2006, which is bestowed upon an outstanding individual whose actions have created a positive impact on consumer healthcare.
“Sen. Hatch leaves behind a historic legacy of legislative accomplishment and his leadership and sense of humor will be greatly missed in the Senate," Melville said. "We offer him our most heartfelt thanks for his tireless dedication to better healthcare, including self-care. We look forward to continuing to work with the Senator throughout the remainder of his term, and wish him well in his well-deserved retirement.”
"CRN and the entire dietary supplement industry wish Senator Hatch all the best in this next chapter of his life," Mister added. "His hard work and dedication have well-served consumers of our products. The majority of Americans who take dietary supplements can have confidence that responsible companies in this industry will do their part to honor Sen. Hatch’s legacy by continuing to bring safe, quality dietary supplement products to the market."
Essence Ventures acquires Essence Communications from Time
Independent African-American owned Essence Ventures has announced the acquisition of the multi-platform media company Essence Communications from Time.
The New York City-based company’s current president, Michelle Ebanks will continue at the helm of the company and join its board of directors. In addition, the all Black female executive team of Essence including Ebanks will have an equity stake in the business.
“This acquisition of Essence represents the beginning of an exciting transformation of our iconic brand as it evolves to serve the needs and interests of multigenerational Black women around the world in an even more elevated and comprehensive way across print, digital, e-commerce and experiential platforms,” Michelle Ebanks, president of Essence said. “In addition, it represents a critical recognition, centering and elevation of the Black women running the business from solely a leadership position to a co-ownership position.”
Through the Essence Ventures investment and resulting incremental growth opportunities, Essence will continue to expand its digital business via distribution partnerships, original content, and client-first strategies, the company said.
“The strategic vision and leadership that Michelle has provided to Essence over the years have been exemplary, and we are thrilled to work with her and her talented team to provide the necessary resources and support to continue to grow the engagement and influence of the Essence brand and transform this business,” said Richelieu Dennis, founder and chairperson of Essence Ventures. “As importantly, we are excited to be able to return this culturally relevant and historically significant platform to ownership by the people and the consumers whom it serves and offer new opportunities for the women leading the business to also be partners in the business.”