Vancouver, Canada-based petfood retailer Petcetera will close six more stores in six cities by May 31, 2014, as part of an ongoing restructuring by the company, according to reports.
Stores in Penticton B.C., Edmonton, Calgary, Saskatoon, Winnipeg and Dartmouth, N.S., are the latest closures, on top of two in Abbotsford B.C., and Niagara Falls, Ont., that were announced in March.
The company said in March that it planned to file for creditor protection. This is the second major downsizing for Petcetera since 2009, when the number of stores in its retail network was cut to 18 from 50. It said Monday that it currently employs more than 300 employees in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia locations.
As an industry, are we missing a huge opportunity to take advantage of another aspect of the human-pet bond?
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
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