The American pet retailer Pet Valu will close all of its 358 stores andwarehouses across the US and wind down operations at its Pennsylvanianheadquarters. The company announced on its website that the company’s onlineshop is no longer available.
Jamie Gould, Pet Valu’s appointed chief restructuring officer, said in a newsrelease that the company’s stores “have been significantly impacted by theCovid-19-related restrictions. After a thorough review of all availablealternatives, we made the difficult but necessary decision to commence thisorderly wind down.” Pet Valu is operating the most of its stores throughoutthe Northeast and the Midwest of the US.
Pet Valu said that its US shutdown plans do not affect its about 600 stores inCanada. The US stores were licensing the Pet Valu brand from the Canadianoperation.
As the pandemic fueled a pet boom across the US, many experts pointed out thatthe pet business seems to be resilient against the pandemic. The increasingdemand in pets led to higher sales for retailers like Petco, PetSmart and thee-commerce pet retailer Chewy. Obviously the pet boom was not enough to savePet Valu US, however.
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