Consumer spending is crucial for recovery of the economy. The rising tide isn’t lifting all boats but one of the lucky ones is the pet supplies industry.
High-end pet items drive increase in spending. People like to buy organic dog food, timed cat food dispenses etc
“People are cutting back on themselves more than they’re cutting back on pets,” says Bob Vetere, president of the American Pet Products Association.
“Cheap pet food is selling briskly, reflecting the weak economy, at the same time costly items are thriving,” he says. “It’s the middle of the market that’s shrinking,” he says.
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