Lack of animal feed hinders development of zoo networks – Retail and retail news

Lack of animal feed hinders development of zoo networks – Retail and retail news

June 7, 2022, time 09:57

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The number of shoppers in pet stores in Moscow has decreased by a quarter, writes Kommersant.

Javier Brosch / Shutterstock

Javier Brosch / Shutterstock

The lack of specialized pet food imported has led to a slowdown in the opening of new pet stores in major Russian cities. It was these feeds that provided up to 80% of the retail chain revenue. Due to problems with food distribution, their cost has increased in recent months by an average of one and a half to two times. Meanwhile, the growth of average retail checks reached about 10%.

Also, this retail segment faced the lack of working capital, which arose due to forced prepaid work with manufacturers.

The head of research and consulting at Focus Technologies, Mikhail Vasiliev, noted that the number of buyers in pet stores in Moscow has decreased by a quarter over the past two months. Lack of goods, hasty demand in March and the general desire of consumers to save money also have an effect.

In recent years, retail sales in the pet supply market have grown steadily in recent years, despite the coronavirus pandemic. At the end of 2021, pet store chains grew by almost 12%. NielsenIQ analysts believe that if disruptions in the supply of imported food continue in the future, retail chains will have to move on to developing their own brands.

Earlier, the “Four Paws” zoo network carried out a large-scale renaming.

In addition, expired feed is planned to be processed into pet food.

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The article refers to the topics: Opening and closing of stores, FMCG. Food retail. alcohol

Source: Kommersant

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