In my day job, I spend plenty of time writingabout corporate giants. Usually it’s when they’re up to no good. (Allegedly. Apparently. Supposedly. Purportedly. Police said.) But today, I’ve got good news. Or maybe it’s not such good news, depending on how you look at it.
Walmart is reportedly expanding its offerings for pet parents. Specifically, customers will now be able to get more pet prescriptions for their dogs cats, horses and livestock filled and delivered through WalmartPetRx.com.
Walmart is also adding in-store vet clinics, which are currently offered through a partnership with Essentials PetCare. According to published reports, Walmart plans to have them in 100 stores throughout the United States by the end of the year. Now in 21 Walmart locations, these clinics will provide routine veterinary services including check-ups, shots, and treatment of minor illnesses.
In a statement provided to the media, Director for Walmart Corporate Affairs Marilee McInnis said the retail giant is “thrilled to be working with Essentials to expand veterinary care” at its stores.
“Pets play an important role in many people’s lives, and making sure families have easy access to high-quality, affordable veterinary care is in-line with helping our customers save money and live better, including their four-legged family members,” she added.
Call me a skeptic, but…
Call me a cynic, a skeptic or a pessimist. But even as a pro-capitalist and staunch supporter of a free market economy, I can’t help but wonder if Walmart’s motives are as altruistic as McInnis would like you to believe. After all, in Walmart’s world turning a profit is the bottom line. And by making more products and services available to American pet owners, Walmart stands to make a lot of money.
You don’t believe me? That’s fine. You don’t have to take my word for it. Widely cited data from an American Pet Products Association study indicates that Americans are spending tens of billions on our pets. And it doesn’t look like that’s going to change any time soon — at least not if millennials have anything to say about it.
A 2018 TD Ameritrade study reportedly found that more millennials (70 percent) own pets than any other group. The same study found that millennials are also “more likely to drop money on higher-end products and discretionary items such as pet clothes.” In fact, the study found, the average amount a millennial dog owner spends on their pet per year tops out at almost $1,300.
The cost of pet care
In 2018 alone, American pet owners reportedly spent:
- More than $30 billion on food
- More than $18 billion on veterinary care
- More than $16 billion on supplies/accessories (beds, collars, leashes, toys, travel items, clothing, food and water bowls, pet tech products, and so forth)
“People across generations are keeping their pets longer, thus reducing the acquisition of new pets,” said Bob Vetere, president and CEO of the American Pet Products Association. “However, with spending on our pets higher than ever before, it’s clear that giving pets the best lives possible is still a top priority for pet owners, and they’re willing to spend more on the quality products and services they consume if it means more quality time with their beloved companions.”
Clearly, Walmart has no qualms about cashing in.
Alexandra Bogdanovic is a paralegal and the owner/founder of In Brief Legal Writing Services. She is also an award-winning author and journalist whose interests include animal welfare and animal law. All opinions expressed in this forum are her own. Any information pertaining to legal matters is intended solely for general audiences and should not be regarded as legal advice.