European pet product retailer Fressnapf recorded overall sales of €1.46 billion (US$2.6 billion) in fiscal 2012, an increase of 7 percent compared to fiscal 2011.
Sales in Germany rose 6 percent in 2012 to €970 million (US$1.3 billion), while comparable store sales grew 4 percent in the domestic market. Fressnapf sales in 11 other countries grew 10 percent to more than €490 million (US$654.8 million). According to the company's head, Torsten Toeller, the pet product chain's fastest-growing markets include Austria, Belgium and Denmark.
As an industry, are we missing a huge opportunity to take advantage of another aspect of the human-pet bond?
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
There's a disconnect between consumers' confidence in petfoods and their knowledge of what makes the foods nutritious
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.