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Petcetera Files Bankruptcy - It's Official
Well, it looks like it's official now.
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This company had it coming.
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They will not be missed. So when is Petco going out of business???
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WHOOO, glad to hear it. They gave our hobby a bad rep
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LOL, stopped by yesterday out of curiosity and seeking a deal of course - I'll stick to my local small retailers... Geeze, even pisces has better pricing day to day than they had as liquidation pricing...
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Probably not anytime soon. Their owners (2 private equity groups) have pretty deep pockets and they spent 1.8 billion to aquire the company 3 years ago, so I dont see them going away anytime soon. They expect to open their 1,000th store in 2009. Petsmart's not doing too bad either, in the first quarter '09 profits up, sales are up and revenue is up, they closed the 1st qtr with a 46.3 million US profit on revenue of 1.33 billion US which was up 9%. |
this isn't nessasarly a good thing, although they are not the best for fish, there dry goods for other animals and equipment pricing help keep LFS honest. with out the big box pet stores I would hate to see how much a tank would cost, or filters, media, ect..
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I allways found their stuf WAY over priced.
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Steve |
island?
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