Rural lifestyle retailer Tractor Supply Company plans to enhance the products and services it offers to companion animal, equestrian and livestock customers with the acquisition of online pet and veterinary pharmacy Allivet.
The retailer has signed a definitive agreement to acquire the pharmacy, with the transaction expected to close in Tractor Supply’s first quarter of fiscal 2025, subject to customary closing conditions, according to a Thursday (Oct. 24) press release. It is said that it is planned.
“This acquisition provides an easy and cost-effective way to obtain pharmaceuticals and specialty products for pets and livestock,” said Hal Lawton, president and CEO of Tractor Supply, in a release. “This advanced solution further enhances the benefits we can provide to our 37 million Neighbors Club members.” “Allivet is a best-in-class platform with an excellent management team and a robust financial profile.”
Tractor Supply operates 2,270 Tractor Supply stores in 49 states and 205 Petsense by Tractor Supply stores in 23 states, according to the release. Petsense is a small specialty pet supplies retailer.
Allivet provides prescription and over-the-counter pet medicines and offers a “PetRx-as-a-Service” platform, with partners including Tractor Supply, American Kennel Club (AKC), and Fetch Pet Insurance. The release states that there is.
With the planned transaction, Tractor Supply will leverage its store footprint and digital offerings to expand Alibet’s reach and reach Tractor Supply’s 37 million Neighbors Club members, three-quarters of whom The company aims to capture market share among pet owners (pet owners). The company said this will increase its total addressable market (TAM) by $15 billion.
“As part of Tractor Supply, we will continue to help pets live long, healthy lives by accelerating our growth and innovation and making it easier for pet owners to care for their pets.” Ujjwal Doot, CEO of Alibet he said in a release.
Walmart is another retailer that is expanding its pet care offerings. The company announced Oct. 8 that it is expanding access to in-person and virtual veterinary care, grooming services, pet prescriptions and groceries.
Online pet supplies retailer Chewy said in August that its veterinary clinics were contributing to sales growth. The company opened two additional Chewy Vet Care clinics during the most recent quarter.
