Petco CEO Ron Coughlin says taking great care of pets is 'recession-proof,' with pet parents unlikely to change food or care based on high prices.
Mornings with Maria
" Thursday, Petco CEO and Chairman Ron Coughlin reacted to the news, sharing the company’s excitement. "We're just thrilled with getting that certification for our animal care because at the end of the day, what really matters is, are you taking great care of the pets?" Coughlin told FOX Business’"Whether economies are up or down, the pet market tends to be pretty recession-proof," the CEO added.
According to Coughlin, Petco has the "highest value" customers, meaning they’re least likely to change pet food or care based on factors like price or availability."You talk to most pet parents and they say, 'There's no way I can change my food,' particularly cat parents because cats are particularly finicky," he explained. "My dog Yummy, there's no way I'm going to take him off of his fish and sweet potatoes.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Petco CEO Says Company's Growth Is Inflation-Proof, as Americans Splurge on Pets and Bigger HomesMore people adopted pets during the pandemic, as they moved into larger homes with yards and spent more time working from home, Petco's CEO said.
Weiterlesen »
Former Cyber Ninjas CEO, wife can be held responsible for public records from Senate auditFor subscribers: A Maricopa County Superior Court Judge said The Arizona Republic can name the former CEO of Cyber Ninjas and his wife as directly responsible for public records we've tried to obtain for nearly a year.
Weiterlesen »
Goldman Sachs' CEO will perform at LollapaloozaGoldman Sachs CEO David Solomon will DJ at Chicago's Lollapalooza music festival this July alongside acts like Metallica, Dua Lipa, Doja Cat, and Green Day.
Weiterlesen »
Sanders Tells Starbucks CEO to Stop Union Busting and “Obey the Law”As former CEO Howard Schultz takes the helm once again at Starbucks, Sen. Bernie Sanders wrote a letter to Schultz demanding that the company “do the right thing” and step out of the way of unionizing workers.
Weiterlesen »
AT&T CEO John Stankey Made $25M Last Year, And Retired CEO Randall Stephenson Took Home $16 MillionAT&T chief executive John Stankey’s compensation totaled $24.8 million last year, up from $21 million the year earlier. According to a proxy statement filed with the SEC, retired CEO Randall St…
Weiterlesen »
Kickstarter CEO Aziz Hasan is stepping downHis last day will be April 4th.
Weiterlesen »