Pet Supplies Plus Expands as Americans Splurge on AnimalsA specialty store owned by America's largest privately held pet supplies retailer is boosting its footprint in Tennessee and Texas, as young animal owners continue to fuel growth in the country's $124 billion pet industry.
Pet Supplies Plus, a subsidiary of NASDAQ-listed Franchise Group, Inc., has sold more than two dozen franchises of its Wag N' Wash brand to the company's largest franchise partner, Pet Supplies Plus, announced today. The franchise operator, US Retail Holdings, plans to open 29 Wag N' Wash stores over the next four years, mainly in Dallas, Texas, and Nashville, Tennessee.
Pet Supplies Plus has more than 640 locations in 40 states, making it the third-largest pet retailer in the United States in terms of store count, behind PetSmart and Petco. The Livonia, Michigan-based company sells a variety of pet-oriented goods and services, from foods and toys to dog grooming and pet medication. In February, Pet Supplies Plus acquired Wag N' Wash, a small Colorado-based chain geared toward dogs and cats....
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