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PetSmart is originally started as Pet Food Warehouse in 1986. The initial two stores opened their doors in 1987 in Phoenix. Jim and Janice Dougherty conceived the idea of a chain of discount pet-food warehouses, and, with the initial financial backing of Phillips-Van Heusen Corporation, incorporated under the name Pacific Coast Distributing in 1986.
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Petco's offer would be paid for in part using stock, whereas PetSmart offered an all-cash bid that would also allow Chewy to remain a completely separate business. [9] In 2017, Chewy was purchased by PetSmart , a retail entity backed by private equity firm BC Partners , [ 10 ] for $3.35 billion, which at the time was the largest ever ...
Clinics inside PetSmart locations average four veterinarians and about 1,800 square feet (170 m 2). [5] Banfield operates more than 1,000 clinics inside PetSmart locations nationwide. [ 27 ] As of 2007, annual revenue totaled US$187.5 million and the company employed more than 5,000 people. [ 1 ]
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The companies featured services such as obedience training, dog grooming, and pet vaccinations, and hosted pet adoption events in their stores. [22] Differentiating itself from PetSmart, however, Petco located its stores in different areas, [17] and limited its store size to avoid the warehouse format, [21] among other differentiating factors ...
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