The Lap of Luxury for Pets

Original Article: http://rismedia.com/wp/2008-06-30/the-lap-of-luxury-for-pets/

By Jacob Schneider

RISMEDIA, July 1, 2008-(MCT)-No matter how high gas prices go or how tough the housing market is, Angie Todd’s dogs will never go without the best.

“I’ll do without a steak dinner so my dogs can get groomed, and I think most people are like that,” the Winter Haven resident said. “They used to be just an object, but now they’re part of the family.”

Humans may be suffering from a slumping economy, but life is good for Bay area pets. Standard & Poor’s estimates that the pet industry will grow by at least 5% annually in the next five years, including projected growth of 5.3% in 2008. Spending has skyrocketed from $17 billion in 1994 to an estimated $43.4 billion this year.

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Mercanti Group Reports Pet Industry Growth

Original Article: http://www.mercantigroup.com/pdf/VerticalPet.com--PetIndustry2-26-07.pdf

Mercanti Group Reports Pet Industry Growth [02.26.07]

The pet industry may be growing by leaps and bounds, but the business itself, though a $40 billion industry, remains highly fragmented and ripe for consolidation, providing opportunities for companies and private equity investors alike. That is the conclusion of an extensive report titled “Are You Barking Up the Right Investment Tree?,” published by The Mercanti Group, a boutique investment bank headquartered here, with offices also in Los Angeles, New York and Seattle.

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The Lap of Luxury for Pets

Original Article: http://rismedia.com/wp/2008-06-30/the-lap-of-luxury-for-pets/

By Jacob Schneider

RISMEDIA, July 1, 2008-(MCT)-No matter how high gas prices go or how tough the housing market is, Angie Todd’s dogs will never go without the best.

“I’ll do without a steak dinner so my dogs can get groomed, and I think most people are like that,” the Winter Haven resident said. “They used to be just an object, but now they’re part of the family.”

Humans may be suffering from a slumping economy, but life is good for Bay area pets. Standard & Poor’s estimates that the pet industry will grow by at least 5% annually in the next five years, including projected growth of 5.3% in 2008. Spending has skyrocketed from $17 billion in 1994 to an estimated $43.4 billion this year.

Read more...