Lowe's and Petco partner for store-in-store pilot

Lowe’s Cos. LOW, -0.83% and Petco Health & Wellness Co. Inc WOOF, -2.30% have partnered for a store-in-store pilot that will bring Petco pet supplies and services to Lowe’s customers. The companies announced Thursday that the first Lowe’s + Petco store-in-store will launch in Alamo Ranch, Tex. in early February, with 14 additional locations coming to Texas and the Carolinas by the end of March. Available services will include vaccinations, mobile grooming and microchipping. The companies note that there are 11 million more U.S. homes with pets since the start of the pandemic. Lowe’s stock is up 36% over the last year. Petco is down 35.4%. And the benchmark S&P 500 index SPX, -0.15% has gained 16%.

Source: Marketwatch

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