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Canadian Tire grows exclusive Petco shop-in-shops
Canadian Tire grows exclusive Petco shop-in-shops Canada NewsWire TORONTO ...
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[{"type":"text","content":"\n \n \n \n Canadian Tire grows exclusive Petco shop-in-shops\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 15, 2023\n \n \n /CNW/ - Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) (\"CTC\") today announced its continued expansion of Petco shop-in-shops across the country through its exclusive retail partnership with Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) (\"Petco\"). This investment enables CTC to further tap into\n \n Canada's\n \n \n $5.3 billion\n \n pet market and expand its exclusive Petco product assortment through dedicated store space. Petco shop-in-shops are now featured in over 80% of Canadian Tire stores and are planned to grow to 90% by this summer.\n \n \n \"With 60% of Canadian households home to a family cat or dog, pet is an important product category with strong potential for growth rooted in value, relevance and trusted brands for our customers,\" said\n \n Michael Magennis\n \n , Senior Vice President, General Merchandising at Canadian Tire Retail. \"Since partnering with Petco in 2018, we have seen double-digit growth in the category with a marked increase in customers shopping the pet category for the first time.\"\n \n \n This expansion will give more Canadians access to a broadened and exclusive offering of Petco's premium pet products – including Petco's fast-growing\n \n WholeHearted\n \n line of premium pet food and treats, and its popular lifestyle and fashion brand for pets,\n \n Reddy\n \n . The shop-in-shop experience will also feature a variety of additional Petco brands, including SoPhresh pet litters and litter accessories, and Well & Good, a pet care line with a wide range of expert-formulated, high-quality first-aid solutions, remedies and grooming products and tools.\n \n \n CTC's investment in the pet category is a core part of the renewed Canadian Tire store concept and broader product assortment being rolled out as part of the company's Better Connected strategy.\n \n \n \"Canadian Tire's legacy as one of...