Business
Lowe's, Petco to Harness the Power of Home and Pets with New Store-in-Store Concept
One-of-a-kind specialty retail partnership brings Petco shops to select Lowe's locations so DIY-loving pet parents can seamlessly include pet health and
About this update from Petco Health And Wellness Company, Inc.
[{"type":"text","content":"One-of-a-kind specialty retail partnership brings Petco shops to select Lowe's locations so DIY-loving pet parents can seamlessly include pet health and wellness needs when building a happy home\n\n\n MOORESVILLE, N.C., Jan. 27, 2022 /PRNewswire/ -- Lowe's (NYSE: LOW) and Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced a pilot store-in-store program that brings trusted products, services and expertise – for both home and pets – into one, convenient stop at select Lowe's locations. The first Lowe's + Petco store-in-store concept is expected to open at Lowe's Alamo Ranch, Texas location in early February, with plans to expand to 14 additional Lowe's locations in Texas, North Carolina, and South Carolina by the end of March 2022. \n\n \n \n \n \n \n \n\n \nOver the past two years, Americans have found more comfort, security and emotional connection through their homes and pets than ever before. More than 11 million new pets entered U.S. homes since the start of the pandemic*; and a new survey by Lowe's shows that 67% of respondents have found their greatest comfort in their pets while nearly half found that comfort in their homes.** While Lowe's stores nationwide have had a longstanding open-door policy to pets, Lowe's + Petco locations will provide a unique customer experience where pet parents can support their pet's health and wellness through a curated assortment of Petco's high-quality pet nutrition, supplies and services, and improve the home they share in one shopping trip.\n\"For many of our customers, their pets and their homes top the list of things that matter most, especially after two years spent mostly together within the same four walls,\" said Bill Boltz, Lowe's executive vice president of merchandising. \"This partnership enhances the total home solution we offer them by bringing home improvement and pet care products, services and expertise together under one roof.\" \n\"Our pets' place in our hearts and homes has never been more front-and-center, and our responsibility to provide them with a safe, healthy and stimulating home environment is an essential part of Petco's Whole Health philosophy,\" said Nick Konat, Petco's chief merchandising officer. \"Bringing Petco's pet care expertise, high-quality products, and veterinary and grooming services to Lowe's helps make it easier than ever to c...