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October 06, 2015 11:19 AM ET

Specialty Retail

Company Overview of PETCO Animal Supplies, Inc.

Company Overview

PETCO Animal Supplies, Inc., a pet specialty retailer, provides pet supplies and services. It offers products for dogs, which include biscuits and treats, bowls and feeders, collars, harnesses and leashes, crates, kennels and carriers, dog food, dog toys, gates and doors, steps and ramps, and vitamins and supplements, as well as apparel, bark control, beds and bedding, flea and tick, grooming, housetraining and incontinence, stain and odor control, and training and behavior products; and products for cats that include beds and bedding, bowls and fountains, calming aids, carriers, cat food, cat furniture, cat toys, collars, harnesses and leashes, dental care, flea and tick, grooming, litter b...

9125 Rehco Road

San Diego, CA 92121

United States

Founded in 1965

9,900 Employees





Key Executives for PETCO Animal Supplies, Inc.

Chairman and Chief Executive Officer
Age: 57
Chief Financial Officer and Executive Vice President
Age: 44
Senior Vice President of Operations
Compensation as of Fiscal Year 2015.

PETCO Animal Supplies, Inc. Key Developments

Petsmart Reportedly To Be In Early Talks To Acquire Petco

PetSmart, Inc. is in early talks to acquire PETCO Animal Supplies, Inc., people with knowledge of the matter said. PetSmart has held preliminary talks with TPG Capital, L.P. and Leonard Green & Partners, L.P., owners of PETCO, as per sources. Spokesmen for TPG and Petco declined to comment. Spokesmen for BC Partners, Leonard Green and PetSmart didn’t respond to e-mail requests seeking comment.

Private Equity Firms Reportedly Interested In Petco

The Carlyle Group LP (NasdaqGS:CG) and KKR & Co. L.P. (NYSE:KKR) are examining a possible purchase of Petco Holdings, Inc., people familiar with the matter said. Petco which is planning for an IPO is also exploring a sale alongside. The meetings between the firm will take place in next week. Goldman Sachs Group Inc., Bank of America Corp. and JPMorgan Chase & Co. are working on the planned IPO, people familiar with the process said. Credit Suisse Group AG (SWX:CSGN), Morgan Stanley (NYSE:MS), Deutsche Bank AG (DB:DBK) and Wells Fargo & Company (NYSE:WFC) will also manage the offering, the people said.

Petco Announces Executive Changes

Petco reported several key leadership changes, including the addition of Chairman responsibilities to CEO Jim Myers ' role after 25 years with the company and naming Brad Weston President. According to a release from the company, previously, Weston served as Executive Vice President, Chief Merchandising Officer and President, Unleashed by Petco. A seasoned retail veteran, Weston joined Petco in October 2011 as Executive Vice President, Chief Merchant, and has led the evolution of the Unleashed by Petco brand and format. Prior to joining Petco, Weston held various leadership positions in merchandising for other retailers, including Dick's Sporting Goods, Golf Galaxy and May Department Stores. Steve Lossing will succeed Tom Farello, who is retiring in 2016 after nine years as Senior Vice President, Operations. In his role, Farello has led operational strategy and execution for more than 1,400 stores across the U.S., Mexico and Puerto Rico, including the company's Animal Care and Pet Services teams. Farello will work closely with his successor into next year on several projects before retiring. Previously, Lossing served as Senior Vice President, Merchandising and was responsible for Petco's product assortment and merchandising strategy. Prior to joining Petco, he held a number of leadership positions for J.C. Penney and other retailers. Rebecca Frechette has been named Senior Vice President, Merchandising, with responsibility for all merchandising activities across Petco. Frechette will report to Brad Weston. Previously, she served as Senior Vice President, Private Brand. Prior to joining Petco, Frechette served as Senior Vice President, Merchandising for 7-Eleven.

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