Future of Retailing in the Pet Industry
While the economy is still adversely affected by COVID-19, the pet industry is experiencing tremendous growth. Got treats? We do at SPARK! We believe that by responding to social trends and developments in consumer behavior helps brands stay current, top of mind, and maximize the potential value of retail spaces.
Understanding Lead players in the industry:
raditional brick-and-mortar establishments such as PLC have successfully positioned themselves as pioneers and exclusive providers of high-quality food and service offerings, such as grooming or daycare. Meanwhile, digital native pet brands such as Perromart and Polypet are steadily gaining more market share.
4 Insights and Opportunities in the Pet Industry
1. Separation anxiety
Some pets suffer terrible separation anxiety when their owner is away but now, it is the opposite of millennial pet owners as shown in recent studies. P
Opportunity 1: Rise of pet-friendly co-working spaces that allow owners to ice break with others in shared spaces especially when fur-kids interact around.
2. Is it good enough for my pet?
Opportunity 2: Along with old age, the end of life comes as well. With pets seen akin to family members, there is an opportunity for services for the bereaved.
4. The Great Dane in the retail sphere
Being clear about what the brand stands for, paying attention to how your customer interacts with space, and keeping up to date with emerging technologies helps us create spaces that customers return to again and again.
SPARK are Retail Design and Customer Experience specialists, we look to the future to help businesses re-imagine their retail experiences and ensure they remain relevant to the consumer, building brand value and maximising the potential of retail spaces.
SPARK is a Singapore based retail design specialist, delivering unique and effective retail design solutions for its clients across the Asia Pacific Region.