Pets Lead the Way Out Of The Recession?
What recession?
According to reporter Ashley Herer,who wrote a story for the Tampa Bay Examiner, proud owners and lovers of pets are not about to let a little thing like a horrible world economy stop them form taking lavish care of their beloved pets.
Ms. Herer recently wrote that many pet owners have no intention of cutting back in their spending.
"You know, for some families, the pet comes first," said Carol Perkins, president and co-founder of Harry Barker, a Charleston, S.C.-based pet toy company whose sales are up 40 percent this year. "The dog goes to the vet first and the dog gets organic food. Maybe some people will cut back on a dog bed, but they'll still buy dog treats, toys and collars and leashes."
Ms Herer went on:
"The American Pet Products Association estimates Americans will spend $43.4 billion this year on their pets - a figure that includes everything from treats to training - despite the dramatic slowdown in discretionary spending. That's 26 percent higher than what U.S. consumers spent in 2004, the group said.
Market researcher Euromonitor International, which tracks sales of pet food and accessories but excludes the cost of animals, grooming, training and other expenses, puts this year's animal expenditures at $23.9 billion."
You can read the entire article here.
Maybe, the continued spending of monies on pets will lead us out of the economic doldrums.
The FED might thank you.
http://www.pettrustlawblog.com/admin/trackback/93815
