Case Study
Petco: Rebounding Through Trust
The business need Petco, a specialty retailer of premium pet food, supplies, and services, enjoyed leading the market for years. In 2006, when competition intensified, Petco lost share and was acquired by private equity investors. CEO Jim Myers set the goal to regain the top spot in the market. To do this, he had to gain the trust of the entire company so they could see that his goal was not only possible, but that all associates had a big pa