Petco has announced that it will no longer sell "shock" collars as part of an ongoing effort to reprioritize animal health and wellness. 

"Our relationship with our pets is changing," CEO Ron Coughlin told Cheddar. "We see more pets going into the household having training needs, and it just didn't align with our mission of improving lives for pets and pet parents to continue to sell these shock collars that create fear, anxiety, aggression, etc."

The company surveyed 1,000 pet parents and found that 70 percent feel shock collars negatively impact their pet's wellbeing. 

Coughlin said the Petco's new direction started about two years ago when it removed all artificial ingredients and colors from its food products. 

"It was a $100 million dollar bet," he said. "That bet worked in terms of the relationship we have with our customers, but it also worked from a business standpoint. It really brought back the soul of the company."

Since then, Petco has made strides to rebrand itself as more of a health and wellness company along the line of a pharmacy or health-food chain.  

"Think about us as a CVS and a Whole Foods of the pet space," Coughlin said. 

Shock collars, which pet owners sometimes use for training or fencing purposes, did not fit with these new priorities, he added. 

"That's really why we made the decision today," he said. "Electricity belongs in your microwave, but it does not belong in your pet."

In addition to refining its product offerings, Petco is offering vet care services at its stores. The chain has added 100 veterinary clinics since last year and plans to add another 40 before the end of the year. The company's goal is to eventually put up 800 clinics. 

"What's significant about that is 70 percent of pets don't get the vet care they need because of affordability," Coughlin said. "We're driving an affordable vet care concept into our stores, and it's really resonating for customers."

Share:
More In Business
Klarna shares jump 30% on Wall Street debut
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Load More