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Petco will close 25 stores in 2025 due to declining sales and rising costs.
Petco plans to close 25 stores in 2025, the same number as in 2024, due to declining sales, rising costs, inflation, and increased competition.
The company reported a 2.3% drop in net sales to $1.5 billion for the second quarter, with comparable sales down 1.4%.
While specific locations haven't been disclosed, closures are expected before year-end.
Petco, which operates about 1,400 stores nationwide, remains committed to strategic growth despite challenges.
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Petco cerrará 25 tiendas en 2025 debido a la disminución de las ventas y al aumento de los costes.