Posted: June 26, 2014, 11:50 a.m. EDT
Petsense, a nationwide pet supply retailer, opened its 100th location – a 5,000-square-foot store it constructed in Athens, Tenn. – on June 25.
The Scottsdale, Ariz.-based chain reached the century milestone less than a decade after it was founded in 2005.
The company expects to grow at even a faster rate over the next five years.
"It’s been a tremendous nine years for Petsense, from our beginnings in our Scottsdale office when we had a notebook of ideas but zero stores to our current footprint across America,” said Bob Angstead, president and chief executive officer for Petsense.
Petsense has stores in 23 states.
The Petsense store in Athens, Tenn., held its grand opening on June 25, 2014, and is the chain’s 100th location.
"We’ve been very fortunate to connect with millions of pet owners who have helped propel us forward,” Angstead added.
The chain employs more than 800 full- and part-time employees, including 23 at its Scottsdale Store Support Team office, while each retail location employs between six and 12 employees.
"I am proud to say that in what can generously be described as a tough macroeconomic environment,” Angstead added, "Petsense has consistently been a market leader in store count growth, overall sales growth and comparable store sales growth.”
In 2011, Petsense partnered with Chicago-based Winona Capital Management for a round of equity financing that helped fuel growth over the last three years.
"The Petsense team has done a remarkable job of identifying new markets where our new stores deliver great value and service,” said Laird Koldyke, managing director of Winona.
"We look forward to many more years of robust growth for the company and the brand,” he remarked.
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