Fressnapf, Europe’s top pet shop chain, is set to solidify its market leadership in 2024, despite a challenging financial environment. Founder Torsten Toeller announced that Fressnapf’s estimated total turnover will reach nearly €4.8 billion, securing a 24.6% market share, including online sales. For the first time, international sales will surpass German sales, accounting for 56.2% of total revenue. The company’s expansion continues, with 2,683 stores in 15 countries, including a recent entry into Slovenia through a joint venture with Unconditional. Toeller also noted a slight industry downturn but emphasized Fressnapf’s future focus on aggressive pricing, multipacks, and better-trained, well-paid staff.
Advertisement
