Pet lovers create business boom
Tuesday, June 17, 2008/
Australians spend thousands of dollars each year on presents, clothing and jewellery for their pets, a new Sensis Consumer Report says.
According to the report, Australians spend an average of $1083 a year taking care of their pets, with 20% spending more than $1000, and 1% spending over $5000.
With half of all Australian households owning a pet, that means businesses such as specialist pet-goods stores, grooming services, exercise programs and in-home pet minding are booming.
Sensis says families with children are much more likely to keep their pet inside, while only 25% of pet owners keep their animals outside all the time.
The report also finds Australians are increasingly treating their pets like a member of the family, with 40% of owners buying their pets presents at Christmas or for birthdays.
Read more on the business of pets
You've stuffed up, now what? Why the power of a genuine apology can move mountains Sue Parker DARE Group founder
Is your business old and dusty? Take this quiz to find out Ian Whitworth Scene Change co-founder
‘Don’t give up’ is easy to say: How to keep going when you hit rock bottom Yemi Penn Penny Consulting director
Five business lessons from elite sport Steve Stanley The CEO Institute director
Leaders might be advancing women in the workplace, but are employees on board? Stella Petrou Concha Reo Group co-founder
You can’t have success without failure: What business owners can learn from Walt Disney, Steve Jobs and JK Rowling Sabri Suby King Kong founder