Pets at Home share price rises
The Times and other financial websites were reporting this morning about the 18% share price rise for Pets at Home.
While other share prices are falling through the floor, the increase for Pets at Home ranks them alongside other retailers including supermarkets, discount stores and Marks & Spencer as businesses that are best placed to weather the Coronavirus crisis.
In The Times article they say: "According to analysts at Peel Hunt, who spoke with bosses this week, sales so far this month have been “profoundly Christmassy” as owners stockpile pet food, treats and accessories.
Other retailers, such as Ocado, have struggled to keep up with this spike in demand, but Pets at Home is thought to be holding up well."
You can read the full article using this link.
Pets at Home were unable to comment on COVID-19 related issues when Pet Trade Xtra contacted them today.