Wednesday, May 15, 2019

Speed Read | Tiki Cat Raw Cat Food, Walmart Pet Rx, Chewy's IPO

The Daily Cat Speed Read

Tiki Cat Introduces Raw Cat Food
Walmart Opens Pet Pharmacies
Chewy.com Prepares For IPO


Tiki Cat Introduces Raw Cat Food But There's No Sushi

Tiki Cat raw cat food will be available later this spring
Tiki Cat raw cat food will be available 
from retailers later this spring


Tiki Cat raw cat food almost sounds like a fish out of water. The brand cats love for its chunky, chewable seafood is now making raw food. But don't expect sushi. Tiki Cat's new raw cat food is chicken and turkey, not fish.


It's available frozen in eight- and 24-ounce tubs from independent pet supply retailers.

Tiki Cat began in 2005 with a line of mostly fresh caught fish cat food. Tilapia and Wild Salmon were, and still are, favorites at my house. My cats also love the Chicken with Egg.


The raw food is just the latest addition to a brand that's been growing by leaps and bounds for years. It now makes dry cat food, pouch wet food in pumpkin gravy,  single serve creamy treats and more. 

Raw food ingredients include chicken or turkey and chicken or turkey broth and liver with all the vitamins and minerals manufacturers usually add to cat food. Sounds great, and my cats are looking forward to trying it, although they'd rather have sushi.

Walmart PetRX: It's Not Exactly What The Doctor Ordered

Soon, you'll be able to get your cat's pills 
at a Walmart pet pharmacy.
As if independent vets weren't already pinched enough by corporate buyouts and online retailers selling prescription food and flea and tick remedies, Wallmart is adding to their financial pain with its new pet pharmacies.

In October, the retailer took a bite out of independent veterinarians bread and butter when it opened low-cost, walk-in vet clinics that offer a limited menu of services. The company expects to have clinics in 1,000 stores by 2023. 

Its new PetRx website stocks over 3,000 products. But don't look for fancy stuff, like medicated chews or flavored liquids. These no-frills, budget pharmacies sell just pills. 

You might be able to pick up your cat's meds at a Walmart store, too. This month, the retailer is stocking 4,500 of its pharmacies with the 30 most requested pet medications, according to Veterinary Practice News.

None of this is what the doctor ordered for veterinarians' aching pocketbooks. Flea and tick, arthritis and allergy meds are important sources of income for vet clinics, the magazine says.

Chewy.com and Petco.com also have pet pharmacies, and Amazon sells pet meds, too.



Chewy.com Prepares For IPO


Chewy.com prepares for IPO
Chewy.com is preparing for an IPO.
If you have a bit of money to invest, you might want to chew on this. Although the online retailer has yet to turn a profit, Chewy.com last month filed documents with regulators for an initial public offering.

 But Chewy may be better known for dazzling customer service and super fast shipping than for profitability. In 2018. it reported a net loss of $268 million on sales of $3.5 billion, according to CNBC's website. 

Ryan Cohen and Michael Day started Chewy.com in 2011. Petsmart acquired the company in 2017 for about $3 billion. The acquisition didn't sit well with some of Chewy's high-end vendors, who pulled their products because they didn't want to be associated with Petsmart. 

And the IPO preparations may have more to do with Petsmart than Chewy. In the filing, Petsmart says it will use the proceeds for working capital and general corporate purposes. 






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