News Pet Chain Mulls Further Stockpiling

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Pet chain mulls further stockpiling
5th June 2019

By Sandra Pearce

Pets at Home would consider further stockpiling of pet food and products ahead of the new October Brexit deadline if a disruptive no deal remained on the cards.

Speaking to the Press Association, chief executive Peter Pritchard said the group had already run down the £4m of extra stocks built up in advance of the original March 29 Brexit deadline.

But he said the group would look to rekindle stockbuilding efforts if the prospect of a no-deal Brexit risked disruption to its product supply in the Autumn.

He said: “We will always protect customer availability. Our focus is on making sure our customers can buy the things they want.”

The news comes as businesses face more Brexit uncertainty, with little sign of a deal on the horizon.

Stockbuilding in the first quarter of 2019 helped push UK economic growth up to 0.5%, but firms are expected to wind their inventories down over the second quarter.

Pets at Home has previously warned that 17% of its goods come from outside the UK and its stock supply could be disrupted in the event of delays at ports and borders under a no-deal Brexit.

But Peter said that, as a pet retailer, Pets at Home had been shielded from some of the Brexit uncertainties hitting other retailers and businesses.

“Pets are part of the family and we can see even through these challenging times that people continue to spend on their pet,” he said.