Retailers to offer rural customers
one-stop shop for pet and home products and services
MOORESVILLE, N.C., July 20,
2023 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE:
LOW) and Petco Health + Wellness Company Inc. (Nasdaq: WOOF)
today announced the expansion of their pilot program that brings
trusted products, services and expertise – for both home and pets –
into a one-stop shop, growing from 15 Lowe's stores to nearly 300
locations by year-end. Focusing on rural communities across the
country, this expansion offers a new convenience to shoppers,
providing access to pet supplies and veterinary care along with
everything DIY and Pro customers need for their home improvement
projects.
With 90.5 million families – or 70% of U.S. households – now
owning a pet*, this expansion demonstrates a commitment to offering
a growing number of pet owners the resources and peace of mind that
come with knowing that care for their pets is just around the
corner.
"Our initial pilot program with Petco resonated with our
existing, loyal shoppers and introduced new customers to Lowe's,"
said Bill Boltz, Lowe's executive
vice president of merchandising. "Partnering with top brands that
our customers know and trust, like Petco, allows Lowe's to continue
elevating and localizing our curated assortment to ensure we have
the right products in the right markets. By expanding our
store-in-store footprint, we're offering more tailored products and
services to meet the unique needs of our customers in rural and
remote areas, streamlining the shopping experience."
Lowe's Petco store-in-stores will carry a range of products from
nutrition and supplies to flea and tick solutions. Products include
Petco private brands: EveryYay, Leaps & Bounds, So Phresh and
WholeHearted; as well as national brands, including: Advantage II
Cat, BARK Toys, Blue Buffalo, ChuckIt, Frontline, K9 Advantix,
Purina One and Seresto. Petco's Vetco Clinics, offering
vaccinations, microchipping and preventative medicine, will also be
available once a month at 75 Lowe's stores and will be staffed by a
licensed veterinarian.
"The success and expansion of our Lowe's + Petco store-in-store
concept is proof of the important role pets play in our lives, and
pet parents' deep desire to give them the best possible life in
return," said Amy College, Petco
chief merchandising officer. "As Americans continue to improve
their homes for the entire family – including their
beloved pets – we're delighted to bring Petco's pet care
expertise, combined with our health and wellness merchandise and
veterinary services, to even more pet parents as we scale up to
hundreds of Lowe's locations across the country."
The expansion of the Petco store-in-store locations is part of
Lowe's broader rural strategy to tailor its assortment in up to 300
stores to include everything needed for farm and home. Expanded
rural store assortments will include feed, pet and outdoor products
such as troughs, an expanded trailer selection, farm
implements, livestock fencing, utility vehicles, and specialized
hardware – plus new Carhartt® apparel in
select stores and the expansion of
Wrangler® apparel in all rural stores.
To learn more about Lowe's expanded partnership with
Petco, check out Lowes.com/Petco. For the list of Lowe's Petco
store-in-store locations, visit Petco at Lowe's Store Locations
(lowes.com). For more information about Lowe's expanded farm
and ranch offerings for rural customers, please view the press
release.
*American Pet Products Association (APPA)
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home
improvement company serving approximately 17 million customer
transactions a week in the U.S. With total fiscal year 2022 sales
of over $97 billion, approximately
$92 billion of sales were generated
in the U.S., where Lowe's operates over 1,700 home improvement
stores and employs approximately 300,000 associates. Based in
Mooresville, N.C., Lowe's supports
the communities it serves through programs focused on creating
safe, affordable housing and helping to develop the next generation
of skilled trade experts. For more information, visit
Lowes.com.
About Petco, The Health + Wellness Co.
Founded in
1965, Petco is a category-defining health and wellness company
focused on improving the lives of pets, pet parents and our own
Petco partners. We've consistently set new standards in pet care
while delivering comprehensive pet wellness products, services and
solutions, and creating communities that deepen the pet-pet parent
bond. We operate more than 1,500 pet care centers across the U.S.,
Mexico and Puerto Rico, which offer merchandise,
companion animals, grooming, training and a growing network of
on-site veterinary hospitals and mobile veterinary clinics. Our
complete pet health and wellness ecosystem is accessible through
our pet care centers and digitally at petco.com and on
the Petco app. In tandem with Petco Love
(formerly the Petco Foundation), an independent nonprofit
organization, we work with and support thousands of local animal
welfare groups across the country and, through in-store adoption
events, we've helped find homes for nearly 7 million animals.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
concerning expectations, beliefs, plans, objectives, goals,
strategies, future events or performance and underlying assumptions
and other statements that are other than statements of historical
fact. Although Lowe's and Petco believe that the expectations and
assumptions reflected in these statements are reasonable, there can
be no assurance that these expectations will prove to be correct.
Forward-looking statements are subject to many risks and
uncertainties, including the risk factors that Lowe's and Petco
identify in their respective Securities and Exchange Commission
filings, and actual results may differ materially from the results
discussed in such forward-looking statements. Neither Lowe's nor
Petco undertake any duty to update publicly any forward-looking
statement that it may make, whether as a result of new information,
future events or otherwise, except as may be required by applicable
law, regulation or other competent legal authority.
Contact:
Larry Costello
Lowe's Companies, Inc.
Larry.Costello@lowes.com
Ventura Olvera
Petco Health + Wellness Company Inc.
ventura.olvera@petco.com
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SOURCE Lowe's Companies, Inc.