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MARKET REPORT

Pets at Home purring as owners put animals first

The Times

Us Brits aren’t just emptying the shelves of loo roll and pasta, we’re also making sure that our four-legged friends don’t have to go without during the corona lockdown.

One of the chief beneficiaries of our desire to keep our dogs and cats well looked after is Pets at Home, the nation’s largest chain of pet stores, whose shares purred 36p, or 18.2 per cent, higher to 234p.

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. It’s