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Fresh food and Vets

Fresh food and Vets

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 In this episode, Clayton and Sam discuss the latest financial results from Pets at Home, highlighting the success of their Vets for Pets model amidst challenges in the retail sector. They explore the impact of subscription models on pet food sales and the potential for fresh cooked food to revolutionize the market. The conversation also delves into the growing trend of vegan pet food, examining its appeal and viability in the broader pet food industry.
takeaways
  • Pets at Home reported a 13% rise in practice revenues.
  • Vets for Pets is a strong model compared to retail.
  • Retail profits for Pets at Home fell by 16.6%.
  • Subscription models are taking a significant share of the market.
  • 17% of the UK pet food market is now subscription-based.
  • Fresh cooked food could be a game changer for retailers.
  • Vegan pet food is growing but remains a niche market.
  • The appeal of vegan pet food is limited to a specific consumer base.
  • Customer churn in pet food is high, with frequent changes in brands.
  • The market for vegan pet food may not be sustainable long-term.

titles
  • Pets at Home's Financial Success
  • The Rise of Vets for Pets

Sound Bites
  • "Vets for Pets is a phenomenal model."
  • "Retail is very, very hard."
  • "We need to put fresh food into stores."
  • "Cooked food can save Pets at Home."
  • "Riches are made in niches."

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