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Shoppers still spending on pets
American consumers still are spending on their pets. The American Pet Products Association estimated that consumers will spend nearly $53 billion on their pets this year, an increase of nearly 4% over 2011 spending.
A recent survey from CouponCabin.com found that 75% of pet owners said the state of the economy did not affect their spending on their pet. More than 20% of respondents said they spend $51 to $100 per month on their pets.
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Lewis Drug celebrates 70th anniversary
SIOUX FALLS, S.D. — Lewis Drug is celebrating its 70th anniversary — a milestone that can be attributed, in part, to its willingness to embrace change.
“One of the most important things I learned about the retail business is that you need to change. You need to keep yourself fresh and creative, and things will work out,” said Mark Griffin, president and CEO of Lewis Drug, which currently operates more than 30 locations. “Obviously, in 70 years, things worked out well and we continue to evolve.”