Petsmart 2001 Annual Report Download - page 56

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PETsMART, Inc. and Subsidiaries
Notes to Consolidated Financial Statements Ì (Continued)
warehousing and corporate functions that support them. The PETsMART Direct segment represents the
Company's direct marketing operations, including its separate corporate and warehousing functions. The
PETsMART.com segment represents the Company's e-commerce operations, and information reÖected
relates to the period beginning December 20, 2000, when the Company acquired a controlling interest in
PETsMART.com (see Note 2). During Ñscal year 1998, the PETsMART U.K. subsidiary was also a
reportable business segment. The U.K. segment included all retail stores in the United Kingdom, including
the warehousing and corporate functions speciÑc to the U.K. operations, and was disposed of during Ñscal
1999 (see Note 6). This segmentation is consistent with the format reviewed by the Company's management.
F-27