Lowe's partnered with Petco to open Petco mini-stores within Lowe's retailers. According to the retail giant, more than 11 million new pets entered U.S. homes since the start of the COVID-19 pandemic. With that in mind, the company aims to serve consumers' home and pet needs in a one-stop-shop format.
To accomplish this endeavor, Lowe's enlisted the help of Petco, who will open its first mini-stores within Lowe's select locations. The Petcos will offer consumers pet food and pet services, including vaccination clinics and mobile grooming services. The first Lowe's with a Petco will open in February 2022 in Alamo Ranch, Texas. Additionally, fourteen additional Lowe's locations will open Petco centers across the U.S. by the end of March.
Mini Pet Clinics
Lowe's Partnered with Petco to Open its First Store-Within-a-Store
Trend Themes
1. Home and Pet One-stop-shop - The partnership between Lowe's and Petco highlights the rising trend of merging pet products and services with home improvement stores.
2. Retail Partnerships - The collaboration between Lowe's and Petco reflects the trend of retail partnerships that leverage each other's customer base and expertise.
3. Pet Services Expansion - The expansion of Petco's vaccination clinics and mobile grooming services within Lowe's stores represents the trend of pet service providers broadening their offerings to meet consumers' needs.
Industry Implications
1. Home Improvement - Home improvement retailers like Lowe's can disrupt the pet supplies industry by offering convenient pet products and services alongside home renovation tools.
2. Pet Supplies and Services - Pet supply providers, such as Petco, can innovate by expanding their presence in non-traditional retail locations to offer more accessible and diverse pet products and services.
3. Retail - The partnership between Lowe's and Petco highlights the opportunity for retail businesses to collaborate and cross-promote to reach new customers and provide more convenient shopping experiences.