Home Brexit Pets at Home warns of more stockpiling over no-deal Brexit

Pets at Home warns of more stockpiling over no-deal Brexit

by LLB Reporter
28th May 19 11:05 am

Pets at Home has revealed they will consider further Brexit stockpiling of their products ahead of the new Brexit deadline if a no-deal were to remain on the cards.

Peter Pritchard, chief executive told the Press Association they have already run down the £4m of stock they stockpiled ahead of the original 29 March exit date.

Pritchard said, “We will always protect customer availability. Our focus is on making sure our customers can buy the things they want.”

Businesses are facing more Brexit uncertainty as there is little to no sign of a deal on the horizon. Stockpiling in the first three months of 2019 pushed up UK economic growth by 0.5% however, companies are expected to wind down their inventories during the second quarter.

The retailer previously warned that 17% of their products come from outside the UK and stock supplies may be disrupted in the event of a no-deal Brexit over delays at ports and borders.

Pritchard said the company has been protected from some Brexit uncertainties that are hitting other businesses.

He said, “Pets are part of the family and we can see even through these challenging times that people continue to spend on their pet.”

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