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Stock Market & Financial Investment News

News Breaks
June 30, 2014
09:32 EDTPETMPetSmart sales trends slowing, says ITG Research
ITG Research's analysis indicates PetSmart's sales have slowed and long-term same-store-sales trends may remain under pressure given increased competition. The firm notes the heaviest users are shifting away and becoming Amazon Prime members at a faster rate than medium/light users.
News For PETM From The Last 14 Days
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October 29, 2014
12:59 EDTPETMPrivate equity firms preparing initial bids for PetSmart auction, WSJ says
Private equity firms including Apollo Global Management (APO), Hellman & Friedman and KKR (KKR) are said to be preparing initial bids for pet-supply retailer PetSmart (PETM), says the Wall Street Journal. PetSmart which is based in Phoenix and has around 1,350 stores has a market capitalization of around $7B, added the Wall Street Journal. Shares of PetSmart are up almost 3% or $1.98, to $72.06 in midday trading. Reference Link
12:15 EDTPETMPrivate equity firms ready initial bids for PetSmart, Dow Jones says
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October 23, 2014
06:16 EDTPETMPetSmart attracts interest from KKR, NY Post reports
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