Press Releases: Article Detail
March 22, 2005
American Pet Products Association COO Presents at Bear Stearns Conference
GREENWICH, CT., March 22, 2005 – Bob Vetere, COO and managing director of the American Pet Products Association (APPA) recently presented at the Eleventh Annual Bear Stearns Retail, Restaurants and Apparel Conference, held March 8 through March 10, 2005 at Bear Stearns World Headquarters in New York City.
The conference, which featured more than 1,200 institutional investors, joined Chief Executive Officers, Chief Operating Officers, and Chief Financial Officers from over 60 leading retail, restaurant and apparel companies to exchange ideas and learn about developing trends.
Vetere presented “A Look Ahead” for the 2005 Pet Industry, which included APPA’s insight on the growth of pet ownership, an increase in pet spending and key trends in the industry. Vetere shared comprehensive data on pet owner buying habits, what they buy, where they shop and what sectors are leading the industry. Vetere covered retail and pet products trends and what is driving those trends including a strengthening human-animal bond and the health and lifestyle benefits associated with pet ownership.
“Having the opportunity to present in front of such a well respected audience was an honor, “ said Vetere.“The pet industry has become one of the top retail segments in the U.S. and it was a pleasure to share with sharp minds the trends and data that APPA is constantly monitoring and gathering.”
APPA is the leading not-for-profit trade association that serves the interests of pet product manufactures and importers, which now has over 830 members.APPA uses multiple business building tools such as market research, a national public relations campaign, product issues information, an annual trade show, export services, and discount programs to help make them successful.
Global Pet Expo, APPA’s annual trade show which just wrapped up in Orlando, spanned almost a half million gross square feet (or almost a quarter million net square feet) and is the largest annual pet products trade show in the world. GPE featured mass market retailers such as K-Mart, Wal-Mart and Target, pet superstores like PETCO and PETsMART, distributors from the U.S. and Canada, major grocery chains like Kroger, and single unit retailers, with the majority (40%) being International attendees.
According to APPA’s 2005-2006 National Pet Owners Survey, 64% of all households in the U.S. (roughly 69 million households) own a pet.The pet industry has become a significant piece of the retail landscape and is now the 7th largest retail segment in the U.S., larger than both the toy and candy industries.
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Founded in 1958, the American Pet Products Association is the nation's leading not-for-profit trade organization serving the interests of the pet product industry and educating the public on the many joys and health benefits associated with pet ownership.APPA's membership consists of nearly 850 companies, which include both small businesses, as well as the nation's leading pet product companies. Every year APPA does extensive research utilizing a number of industry and affiliated sources to track the overall size of the pet industry and also conducts a comprehensive survey of pet owners every two years.Visit APPA online at www.americanpetproducts.org.