It is good news for pet owners as Walmart is set to launch 100 veterinary clinics in its stores over a span of 12 months adding to the list of 21 existing operational clinics. The clinics to provide vaccines and assist in basic health and care needs of pets. In addition to the above clinics, the multinational retail giant is also planning to launch its online pet pharmacy “WalmartPetRX.com” which will offer low-cost prescription from more than 300 brands for pets.
The growing market for vet care is phenomenal, as per American Pet Products Association $72.5 billion has been spent on pets in the U.S last year and spend of $75.3 billion is expected this year. Pet owners have become more conscious of what are they feeding their pets as the “fresh” food category is recording sales. Apart from food owners are spending a significant amount on pet care, supplies, and medicines.
Other retailers like Amazon (AMZN), Target (TGT), and Petco are also targeting the vet care market and are not way behind.
Wal-mart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Wal-mart U.S., Wal-mart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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