Walmart is getting into the pet pet business, and it’s not slowing down.
In a recent blog post titled “Walmart’s Pet Rental Market: What’s on the Horizon,” Walmart CEO Bob Mansfield laid out a vision for the company’s pet rental business, noting that “the pet rental industry is a growing market with an ever-increasing demand.
This is great news for Walmart as we are seeing a significant number of customers looking to use our pet rental programs to meet their pet-related needs.”
In addition to providing customers with affordable pet rental options, Walmart also continues to provide pets with a variety of services, including veterinary care, pet education, and pet grooming.
“As the number of pet owners grows, we also see more and more opportunities to support them by offering pet-friendly amenities, including pet friendly pet daycare, pet adoption, pet grooming and more,” Mansfield wrote.
“For us, as an industry, this is a big opportunity to help people with pets.”
In addition, the Walmart chief said, the company is making a concerted effort to partner with pet owners to provide better services to pet owners.
“Our pet rental program is one of the largest in the U.S. with over 10 million pet owners,” Mansst said.
“We have many pet-oriented programs available for pet owners, and we are committed to making them more accessible for them.”
While the Walmart Pet Rentals team is focused on the pet rental market, Mansfield also said the company will continue to focus on other types of businesses.
“We have a growing list of brands that are looking to help the pet owners in our stores, and I look forward to working with them on new and innovative opportunities,” Mansford said.
“These are important and valuable businesses for Walmart to grow in, and Walmart will continue with these brands to help customers better meet their needs.”
Pet rental companies have long been an important part of Walmart’s business, but they have not been as active in the pet industry as they have been in the retail business.
According to data from PetRental.com, pet rental companies made up 0.7% of the company as of 2016.
In 2016, PetRentals.com reported that PetRx, Pets.com and Pets.coop were the top three pet rental websites in the United States.
In 2016, the average rental cost per rental was $8,848, and the average daily rental fee was $3,847.
PetRx reported the highest average daily fee of $4,851, followed by Pets.
Com at $3.84 and Petscoop at $2.79.
The PetRX site reports that the average monthly rental fee is $9,924, while Pets.
Coop reported the lowest average monthly fee of just $2,068.
Pet Rental.org reported that the pet rentals business generated $2 billion in annual revenue in 2016.