Pets Corner profits up as it plots expansion

Turnover at the “Waitrose of the pet store market” jumped 30% quarter-on-quarter to £5.8m.

Like-for-likes were up 8.8% compared with the previous quarter.

The retailer expects a rise in turnover of £3m to £24m this financial year.

Pets Corner has 62 shops including 16 standalone stores. It also has outlets in retailers such as the Garden Centre Group and Tesco.

The retailer plans to open 15 stores a year, with a long term goal of having 200.

Pets Corner said that sourcing from China, centralising purchasing and expanding its own label products has helped it record the strong figures.

Chief executive Dean Richmond said: “Pets Corner has positioned itself as the Waitrose of the pet store market. We go the extra mile with staff training and incentivisation, our intimate but accessible  store layouts are planned to suit the needs of customers and we sell own brand premium food products on which our staff are specifically trained to advise customers.

“The result is a rapidly growing store base and a higher calibre of customer spending more money per visit to the store.”