Walmart Adds a Fresh Service Lineup for Customers' Four-Footed Friends

Retail giant Walmart (NYSE: WMT) continues to branch out into new markets with its latest announced offerings, which include selling pet insurance for customers' cats and dogs and several other services related to people's animal companions. According to the company's announcement, these services will fall under the umbrella of the Walmart Pet Care business segment.

Melody Richard, merchandising vice president for Walmart's pets segment, noted the impetus for pet services expansion comes from the coronavirus, saying adoption rates have risen "as a result of the pandemic." According to the company, 98% of America's pets are still uninsured; Walmart said it provides an affordable coverage option.

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Source Fool.com