Lowe's to start opening mini-Petco shops inside its stores
Lowe's and Petco are hoping that by joining forces, they can offer a one-stop shopping experience that's irresistible to home-owning animal lovers.
Starting in February, Lowe's will open mini-Petco shops inside 15 of its stores in Texas, North Carolina, and South Carolina. The Petco stores-within-a-store will offer staples like dog and cat food, leashes, and litter, and some will also have on-site groomers and veterinarians, CNBC reports. If the pilot program is a success, expect more to quickly open across the United States.
During the pandemic, both companies have been boosted by customers who are at home more, giving them the chance to tackle projects around the house or adopt a new pet. With rising inflation, however, customers might become wary of spending money on things like lumber or dog sweaters, CNBC notes, and could start focusing on travel instead.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Millennials are the target audience for this partnership, with Petco Chief Merchandising Officer Nick Konat saying, "They're a high-spend customer and they really take care of their pet like they are family. And they've also been doing the same with their homes, with a lot of them being new homeowners or new renters."
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
'A great culture will be lost if the EV brigade gets its way'
Instant Opinion Opinion, comment and editorials of the day
By Harold Maass, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
What does 'Quiet on the Set' mean for the future of kids' TV?
In the Spotlight A new documentary exposes the 'dark underbelly' of Nickelodeon productions
By Joel Mathis, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published
-
Immigration helped the US economy outpace peers
speed read The U.S. economy grew at an annualized rate of 3.2% last quarter
By Peter Weber, The Week US Published
-
4-day workweek gets boost from UK study
Speed Read Following a six-month trial, the majority of participating British companies are still using the truncated schedule
By Peter Weber, The Week US Published
-
US sues to block Kroger-Albertsons merger
Speed Read The Federal Trade Commission sued to block the $24.6 billion merger between the grocery giants
By Peter Weber, The Week US Published
-
Nvidia sees historic stock rise on AI chips success
Speed Read U.S. chipmaker Nvidia achieved the biggest one-day increase in value of any company in history
By Peter Weber, The Week US Published