Petcetra Bankrupt!!

sunce_22 · #1 03-21-2009, 04:48 AM

You got that right Diana!

Zylumn · #2 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 · #3 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 · #4 03-21-2009, 07:54 AM

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

Zoaelite · #5 03-21-2009, 03:09 PM

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

.
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 · #6 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 · #7 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.

KingTitan · #8 03-21-2009, 08:05 PM

Quote:

Originally Posted by randallino

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

I agree with you I live in Calgary and i used to work at the old big als and i used to visit the Pet Cetera's around town to see stock and prices, but before i worked there i used to buy from them. this company treated the saltwater stock like GARBAGE, they never knew anything about the species, fish prices were 3-5 times more for a fish then our store, they tried to make it up by giving you a free fish. Fish survival rate was ~25%, tanks were very unclean and a lot of fish always looked diseased. They had a 14 day saltwater fish guarantee but it was pointless the cycle was never ending (buy fish, die, return and get new ones, die, return to get new ones) and on top of that you were also introducing the diseases and parasites from their fish/systems.

Pet Cetera is not going to be missed by me, only upside was that i got to take my dog in and sometimes the pricing was good enough to buy a couple things.

Ron99 · #9 03-21-2009, 08:37 PM

Popped in there today as I was running errands and all they are running is the same 15% off sale they have had all month. The only stuff that was 70% off was Christmas left overs. The sales guy told me that they aren't doing anything special and it was only that the company had entered creditor protection. He told me that business had been good today because people were coming in looking for big clearance prices but buying stuff anyway since they were there and it was 15% off.

So it looks like they are using the bankruptcy protection to get a little press and lure people into the store with the hopes of seeing alot of product at 70% off.

Marlin65 · #10 03-21-2009, 08:43 PM

I checked it out as well only 20% off on all their stock and since they are 20% over most stores no deals to be had.

My 2 cents