HomeMarket OverviewWoolworths Buys Pet Store Chain

Woolworths Buys Pet Store Chain

10-01-2024

At the end of October, the clothing and grocery retailer announced it had acquired Absolute Pets. At this time, competitor Shoprite Group, had about 60 Petshop Science stores open.

This move is in addition to the giant’s move into liquor with its WCellar stores, an expansion of its Food stores and a step further into beauty after rival Edcon fell into business rescue, with Retailability acquiring Edgars and Edgars Beauty.

Woolworths’ next step will likely include negotiating for lower rentals, moving Absolute Pets stores closer to Woolies stores, adding their own pet food and treat range to them, introducing more of the pet shops to shopping centres, and possibly dedicating larger areas to pet products, especially in stores with no Absolute Pets close by.

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