Retailers, consumers and prices
With foreclosures of homes on the rise, so are stories of pet abandonment, but pet food maker Del Monte says sales of dog and cat food and treats hasn’t been affected.
The New Haven Register in Connecticut reported on Nov. 23 of a dramatic rise in pet abandonment at shelters across the city, as adjustable mortgage rate resets make mortgages on many homes unaffordable, and rising food costs make paying for pet food and upkeep unrealistic.
And on Nov. 16, The Boston Globe said a record number of cats are being dropped off at local animal shelters. A Humane Society official attributed the record numbers to the faltering economy and people losing their homes.
Higher animal abandonments have hit Canada as well, according to a Nov. 7 article in the Albuquerque Journal (subscription required).