PetSmart 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.
KKR, Hellman & Friedman eyeing Petco deal, NY Post reports KKR (KKR) and Hellman & Friedman are "sniffing out" Petco for a potential acquisition, the New York Post reports. The firms made preliminary offers for the company last week and are viewed as the strongest bidders, the report says. Rival PetSmart (PETM) is also pursuing a deal, the report adds. Reference Link