With high dog adoption rates during the COVID-19 pandemic, the pet industry is booming across the country. In a recent interview with The Associated Press, Petco CEO Ron Coughlin described dogs as a “furry annuity” that would benefit dog grooming businesses and pet stores for years to come.
In 2020, the pet products industry set a record, reaching more than $ 100 billion in annual sales, according to the American Pet Products Association (APPA). âThe past year has presented a host of challenges that have led consumers across the country to turn to their pets for comfort and companionship,â said Steve King, CEO of APPA, in a statement. Press.