Pet product retailer Pets Corner opened its 150th store in Cobham, Surrey this month as it welcomed a 4.7% like-for-like sales increase in its first quarter.
During October 2018 to December 2018, the retail chain’s EBITDA rose by 8% to £3.52m compared with the same period last year. Its in-house pet grooming spa, Dogwood Natural Grooming Spas saw a 64% like-for-like sales increase in Q1 2019. The spas operate from nine locations and the retailer plans to open 60 more over the next five years at a cost of £2.7m.
For the year ending September 2018, Pets Corner recorded a turnover of £56.5m, saw £8.06m EBITDA and like-for-like sales were up by 5.8% The company forecasts a turnover of £58.3m and EDITBA of £8.7m for the year ending September 2019.
Its parent company Pet Family also developed Yora, a “sustainable” dog food product made with insects, in a bid to reduce the impact of pet food production on the environment.
CEO of Pet Family, Dean Richmond, said: “Over 60% of our stores have been refitted to include our new services including Puppy Hour, Pet Food Expert and our new ROR range of raw foods. In addition, Yora our new sustainable pet food has been a tremendous success. These new, exciting initiatives and products are encouraging customer loyalty and increasing sales.
“We believe that despite the competition posed by online shopping, pet owners will always want to visit stores that can offer them expert advice as well as wanting to take advantage of services that cannot be provided online such as Puppy Hour and our grooming spas.”