Pet retailer Pet Supplies Plus, which sells an array of private label products, has been named the top pet franchise for the ninth year in a row by business outlet Entrepreneur's Franchise 500.
The Michigan-based pet retailer was ranked No. 22 out of 500 on Entrepreneur's list for its “outstanding performance in key areas including unit growth, financial strength and stability, support and brand power.” A majority of the top 20 companies on the list are food and beverage chains.
Pet Supplies Plus operates over 660 stores in 41 U.S. states, and the news follows last month’s announcement that the retailer signed 90 new store franchise agreements.
"Pet Supplies Plus has been pet-focused and neighbor-centric since our founding over 30 years ago,” said Chris Rowland, CEO of Pet Supplies Plus and Wag N' Wash, the pet grooming chain owned by the retailer. “We are proud to now offer a second concept with Wag N' Wash that also offers neighbors pet services with the same best-in-class, retail experience.”
Pet Supplies Plus’ recognition comes as the pet category continues to grow, fueling demand for private label products. A large majority of U.S. households (70%) own at least one pet, according to recent data from the American Pet Products Association (APPA).
"The companies named to this year's list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship,” said Entrepreneur Editor-in-Chief Jason Feifer.