Why Is Pet Valu Closing All of Its U.S. Stores?

Despite an uptick in pet-related sales for some companies like PetSmart and Petco and the e-retailer Chewy, pet food and supply chain Pet Valu has suffered during the COVID-19 pandemic. The pet retailer will shut down all of its 358 U.S. stores and all of its warehouses. 

In a release, Gould said, “After a thorough review of all available alternatives, we made the difficult but necessary decision to commence this orderly wind down,” according to CNBC.

U.S. customers won’t be able to place online orders through the Pet Valu website, but stores in the U.S. will remain open while the gradual closures take place. 

Roark Capital Group, a private equity firm, owns Pet Valu. However, Pet Valu Canada, based in Ontario, is a separate company and will continue operations both in-store and online.

View more information: https://marketrealist.com/p/pet-valu-closing-stores/

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