Store closures have emerged as an ominous through line across the retail business landscape this year, with decades-old chains trimming their physical footprints, seeking Chapter 11 bankruptcy protection—sometimes twice in one year—and even winding down operations altogether in some cases.
Petco Health and Wellness Company is not facing such dramatic dire straits yet, but the beloved pet retailer has been reevaluating the size of its brick-and-mortar fleet as it struggles to lift its bottom line.
Shares of Petco (Nasdaq: WOOF) are down almost 16% year to date and almost 26% over the last 12 months as of this writing.
How many stores is Petco closing?
In an earnings release last month, the company said it expected to close 25 locations in 2025, the same number of stores it closed in 202