Richmond’s Petcetera is closing or selling all of its remaining locations.
Of the 18 stores the company owns, nine are being sold and nine are being closed. These stores employ about 300 staff.
The pet store chain had filed for creditor protection on March 17. On April 1, it had announced it was closing its Abbotsford location, as well as another store in Ontario. A few weeks later it announced the closure of six more stores, including one in Penticton.
“As we developed our restructuring plan it became evident the only viable options available to us were to either close or sell the stores,” said Dan Urbani, president and CEO of Petcetera.
“While we have been forced to close 9 stores we are pleased that 9 stores have been sold and will continue operating as pet stores.”
In 2009, Petcetera downsized its operations from 50 stores across the country to 18.
The chain is liquidating all its merchandise with discounts of up to 90%.
