These Brands Are Closing Down And We Are Not Ready For It

Published on 04/14/2020
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Pet Smart Inc.

Pet product chain PetSmart Inc. has more than 1,500 stores in the United States, Canada, and Puerto Rico. They can attribute their $8 million debt to the e-commerce market, and more customers migrate to sites like Amazon. PetSmart recently acquired an e-commerce platform, Chewy, but the high price tag of $3.35 billion just boosted its debt sky-rocket. Can you imagine that this is the biggest one a company has ever paid for an e-commerce site?

PetSmart

Pet Smart Inc

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Stein Mart

Stein Mart, which is a discount department store located in Jacksonville, doesn’t seem to do well as of late. Even though raising their revenue by 47 percent in 2017, they posted a loss to the bottom line of $23.4 million. We hope that some consultants can support you quickly.

Stein Mart

Stein Mart

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