• Home
  • keyboard_arrow_right News
  • keyboard_arrow_right Pet Valu U.S. to Wind Down Operations Due to COVID-19

News

Pet Valu U.S. to Wind Down Operations Due to COVID-19

admin November 9, 2020 6


Background
share close



Pet Valu, a specialty retailer of pet food and supplies in the United States, announced plans to commence a wind down of its operations due to severe impact from COVID-19. The Company expects that all of its 358 stores and warehouses in the Northeastern and Midwestern U.S., as well as its corporate office in Wayne, PA, will close by the end of the wind-down process.

Pet Valu U.S. licenses its name and contracts for certain services from Pet Valu Canada, which is a separate company based in Markham, Ontario that is not impacted by this wind down. Pet Valu Canada is a market leading, highly profitable and growing business with a tremendous history and a very bright future. Pet Valu Canada will continue to serve customers across Canada through its approximately 600 stores, franchise locations and e-commerce site at www.petvalu.com/ca/, offering its usual assortment of thousands of pet products and supplies and in-store services such as dog washes and grooming.
All Pet Valu stores in the U.S. are currently open and ready to serve their devoted pet lover customers through the wind-down process. Customers in the U.S. can continue to use Pet Valu gift cards and loyalty rewards for purchases. Effective immediately, U.S. customers will no longer be able to place orders on the Pet Valu U.S. e-commerce site at www.petvalu.com/us/.

"The Pet Valu U.S. team is proud to have met the needs of our devoted pet lover customers in the U.S. for more than 25 years,” says Jamie Gould, Pet Valu, Inc.'s recently appointed Chief Restructuring Officer.

“However, the Company's stores have been significantly impacted by the protracted COVID-19-related restrictions. After a thorough review of all available alternatives, we made the difficult but necessary decision to commence this orderly wind down."
 



Source link

Subscribe Now, it's FREE

Receive each new podcast episode directly to your email.

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Rate it
Previous post