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Non-Tech : PETM - Petsmart

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To: Bruce L who wrote (1473)7/12/2000 8:36:26 AM
From: SIer formerly known as Joe B.   of 1508
 
I have over 15 years experience in the retail pet trade
but at a high end store. All our customers laughed at
Petsmart but they weren't the people Petsmart's after.
I do not believe practically giving away dog/cat food
in the hopes the customer will buy other high margin
products when they buy food is a winning business
model. I also have a big problem with the management
hiring practice. Retail experience is more prized
than pet experince. IMO a pet store shouldn't be run
like a supermarket or a drug store. I do agree the chart
looks pretty good but I just don't see a catalyst to
get their shareholders tails wagging again.
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