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-   -   Petcetra Bankrupt!! (http://www.canreef.com/vbulletin/showthread.php?t=50801)

Ephraim 03-20-2009 07:56 PM

Petcetra Bankrupt!!
 
Petcetra announced bankruptcy today! they are liquidating everything with huge discounts, some stuff 75% off or more!

tgoeujon 03-20-2009 07:57 PM

all petcetera stores???? how long will this sale be goin on?

digital-audiophile 03-20-2009 07:59 PM

Really? There is one up the hill from me Ill have to go.

mseepman 03-20-2009 08:07 PM

I believe the liquidation sale starts Saturday...they are trying to generate an influx of cash to keep the chain afloat.

Hard to believe they were listed as one of Canada's hottest start-ups just a few years back.

Myka 03-20-2009 08:09 PM

Quote:

Originally Posted by mseepman (Post 401609)
Hard to believe they were listed as one of Canada's hottest start-ups just a few years back.

Until everyone realised they carry a lot of overpriced crap!! :eek:

I won't miss them, but I do feel empathy as they are humans too.

xtreme 03-20-2009 08:09 PM

Do they stock any dry goods that are saltwater related?

Leah 03-20-2009 08:16 PM

Not surprised, ours is a mess and thought the same about the one in North Van, Park
Royal. And they do not carry much in the way of salt stuff. Food, Medication little stuff.
Kinda dissapointing actually. The concept was great.

digital-audiophile 03-20-2009 08:50 PM

I'll be checking out food, test kits, tanks for QT and such.

Well and I could use some cat food and litter at a discount :)

banditpowdercoat 03-20-2009 08:52 PM

So, 65-105% markup, 75% off sale, is it really on sale? Was st the kelowna one yesterday. WAY overpriced IMO

Leah 03-20-2009 08:52 PM

Maybe another kitty-meow

Leah 03-20-2009 08:53 PM

I thought the Kelowna one turned into a petsmart?

Reefer Rob 03-20-2009 08:57 PM

Now that sucks

banditpowdercoat 03-20-2009 09:04 PM

Quote:

Originally Posted by Leah (Post 401635)
I thought the Kelowna one turned into a petsmart?

Maybe it was Petland? few blocks from Orchard Park mall. on same side of the road tho

mseepman 03-20-2009 09:07 PM

Petcetera lost their lease in Kelowna at the location beside Toys-r-us...they have since moved over to Capri Centre mall...which is usually the kiss of death for any store.

Leah 03-20-2009 09:17 PM

Oh, interesting, I see. Really have to get up there more often. Darn construction.PITA

Ephraim 03-20-2009 10:53 PM

i just went down there to scope out what i hope to nab tomorrow. Staff were putting a bunch of Hagen product in boxes, maybe they worked out a deal to sell that back to the supplier. I hope they still have exoterra uvb bulbs out to buy, i could really stock up on those, i go those at my house faster than bacon.

I went to the one in NE Calgary, on 32nd and it looks like they stopped getting in stock weeks ago, many shelves empty, but still enough stock to make it worthwhile to stop by when it goes on clearout.

brizzo 03-20-2009 11:05 PM

Quote:

Originally Posted by banditpowdercoat (Post 401639)
Maybe it was Petland? few blocks from Orchard Park mall. on same side of the road tho

That's Total Pet... They called the cops on me one time when I was in there... Long story...

Leah 03-20-2009 11:30 PM

The cops.....what you tried to steal a fish?

DBM 03-20-2009 11:59 PM

I have no sympathy for the owner, but hopefully the staff will find work quickly. Anything is better than working 12-16hr days (anyone with a manager's title) and getting paid salary for 8hrs.

michika 03-21-2009 12:23 AM

Quote:

Originally Posted by nazerine (Post 401674)
That's Total Pet... They called the cops on me one time when I was in there... Long story...

Yes, well I read fast...I totally want to hear this.



...if you're willing to share.

my2rotties 03-21-2009 12:27 AM

Dog toys for the pups... oh yeah!!!

brizzo 03-21-2009 12:35 AM

Quote:

Originally Posted by michika (Post 401695)
Yes, well I read fast...I totally want to hear this.



...if you're willing to share.

Long story short:

I lost my temper at the lady in charge of the salt water setup.

Normally I never buy anything there, but when I'm shopping at Choices (wonderful health food grocery store) next store, I'll stop in.

So I saunter my way over to the SW setup. All the pumps are off. Almost everything is dead. This is around 3pm. I feel my temperature raise to boiling.

I walk over to the front counter where three staff are laughing and chatting away. I ask them what's the deal with their tanks, do they really not care?

Lady 'acts all suprised' like 'omg whats gone wrong'. Runs over to the display tanks. What's the first thing she does instead of finding out why the pump system stopped? Cracks out the hydrometer to check the salinity.........

I said some very not nice things I somewhat regret. I had a run in with the same lady a couple months before when I asked her why they feed lettuce to their crickets in their reptile displays. I knew the answer, but I also know lettuce has almost zero nutritional benefit to reptiles....

*sigh*

Why are some businesses aloud to continue on day after day with pride in what they do?

/ RANT

tgoeujon 03-21-2009 01:50 AM

so that is all petceteras then?

i have crabs 03-21-2009 01:59 AM

http://www.petcetera.ca/page646.htm

i was once so ****ed off about thier saltwater section i called the big boss of alberta and told him id work 1 or 2 days a week,i didnt care about how much he payed me and id spend all my money in thier store if he let me run the saltwater, i only had 10 years of managing a retail store so i guess i wasnt qualified cause he didnt seem to think anything was wrong with it.
he also didnt know what the problem was when i told him you cant keep lionfish and snowflake eels in open top tanks a foot and a half off the ground

DBM 03-21-2009 02:08 AM

Anybody else here work for them at one point and time?

Ephraim 03-21-2009 02:20 AM

i havent worked for them but i have some friends and co workers work for them in management. Slave drivers, definately not an exageration that you are expected to work 12-16 hr days on a 8 hr salary. Petcetra management is the worst job in retail, period.

Diana 03-21-2009 04:31 AM

yay! PetCemetary is gone!

sunce_22 03-21-2009 04:48 AM

You got that right Diana!

Zylumn 03-21-2009 06:10 AM

Just think of all the marine life we could take off the endangered species list if a few more mega stores would drop salt water livestock.

Raf 03-21-2009 07:17 AM

Thank god that hell hole of a store is going under, there will be a fishy party in the ocean tonight!

randallino 03-21-2009 07:54 AM

I was so happy when they stopped caring saltwater fish.
Good Bye!

Zoaelite 03-21-2009 03:09 PM

Yup
 
Coming from a past Petcetera employee, this is not a surprise. The head office of the company is about as us less as the lint in my pocket and any profits they make are swindled away by the constant turn over of managers trying to stay alive on the $24,000 Salary (for 60-90 Hours a week). Good to see them declare bankruptcy, no longer will Petcetera provide dismal service/ animal husbandry to the masses of Canada. Rest in peace Dan Urbani:twised:.
Levi

BTW. I worked there for a year and a half and I saw over 24 managers and around 15 staff members come and leave, most of the time I was in the store by myself and the amount of work load put onto the employee's was STUPID. At the age of 16 I did payroll, staff scheduling, inventory, stock, store cleaning, doggy daycare, REP scheduling, care for all small/ large animals, birds, fish walls and the CHS Dogs/Cats, Cash, Cash checkout/ bank deposit/ change, pricing and garbage (plus ever other responsibility you could think of) and I was paid a massive $10.00 an hour!!!

mseepman 03-21-2009 03:17 PM

Hmm...never happy to see people out of work or a Canadian company go down. The most local store for me (Kelowna) never really carried SW and otherwise the store seemed reasonably clean and far better than the local Walmart for how they treat their FW fish.

We can't really count this chain as gone...they only declared chapter 11...so they are still going to try to make a run of it....maybe just a smaller run.

Ephraim 03-21-2009 04:25 PM

I doubt they will be able to make even a small run at it, they are in debt to thier suppliers over 25 mil(no way they can generate a decent portion of that with this 60 day liquidation). They were put on a cash only basis by pretty much every wholesaler over a year ago when they stopped paying thier bills. Hell they werent even keeping up the rent payments on many of the stores, thats why the Poco location closed recently.

Thier only chance is a bailout or buyout by someone else in the industry. Truth be told, as much as they are in debt they are quite valuable to some of thier suppliers who stand to lose over 40 stores that were purchasing product from them.

Zoaelite 03-21-2009 04:41 PM

Quote:

Originally Posted by Ephraim (Post 401904)
I doubt they will be able to make even a small run at it, they are in debt to thier suppliers over 25 mil(no way they can generate a decent portion of that with this 60 day liquidation). They were put on a cash only basis by pretty much every wholesaler over a year ago when they stopped paying thier bills. Hell they werent even keeping up the rent payments on many of the stores, thats why the Poco location closed recently.

Thier only chance is a bailout or buyout by someone else in the industry. Truth be told, as much as they are in debt they are quite valuable to some of thier suppliers who stand to lose over 40 stores that were purchasing product from them.

Great, all we need now is 40 PetCetera locations owned by Hagen :lol:. Add insult to injury why don't ya?
Levi

Ephraim 03-21-2009 04:54 PM

Quote:

Originally Posted by zoaElite (Post 401918)
Great, all we need now is 40 PetCetera locations owned by Hagen :lol:. Add insult to injury why don't ya?
Levi

You hit the nail on the head, that is the exact rumor that I am hearing right now. They are in deep with hagen for 1.95 mil.

Purple 03-21-2009 05:34 PM

So I went to Petcetera today for the big sales. Didn't find them, all they had was 15% off the whole store. BUMMER!

DBM 03-21-2009 05:49 PM

Quote:

Originally Posted by Ephraim (Post 401926)
You hit the nail on the head, that is the exact rumor that I am hearing right now. They are in deep with hagen for 1.95 mil.

Can't see Hagen picking them up. Hagen knows how to run a business, why pick up a company that can't come even close to turning a profit, and is so poorly structured?

Zoaelite 03-21-2009 07:17 PM

Quote:

Originally Posted by DBM (Post 401951)
Can't see Hagen picking them up. Hagen knows how to run a business, why pick up a company that can't come even close to turning a profit, and is so poorly structured?

You would be suprised, Hagen owns a STUPID amount of Petcetera already through shares in the company. Appx 80% of the product they sell in there locations is Hagen (From Nutrience to ExoTerra). A complete take over would have Hagen taking a retail step into the pet buisness, this should be fun to watch.
Levi

digital-audiophile 03-21-2009 07:18 PM

I was in this morning. Basically everything is just 20% with a few higher discounts here and there. Got some food and litter for the kitty.. we also picked up a bigger bird cage.. they were 50% off so not a bad deal.


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