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Old 03-23-2021, 04:34 PM
 
Location: Los Angeles
7,048 posts, read 8,737,499 times
Reputation: 8814

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For the last few months, I have noticed some changes in the petco stores that signal to me, they are in trouble.
I notice some brands of dog food are out of stock, and it is not because they are selling more of these brands, but their suppliers are not getting paid, so they are not restocking some brands.

Two weeks ago I was in the Pasadena store, and all I could see were four shopping carts, when normally there are dozens.
Matter of fact a customer followed me out to my car so he could have my cart when I was through with it.
Today, I was at the same store, and no carts at all.
This tells me their supplier took them back because petco is not paying for them.
These problems tell me petco is in trouble, and may well go out of business.

I heard a rumor a year ago that petsmart wanted to buy petco.
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Old 03-23-2021, 09:14 PM
 
Location: SoCal, Idaho
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One of the big issues with big box pet stores during the pandemic is their grooming services were not essential for many months, which really hurt. Amazon and Chewy gained big market share w/ food and toy deliveries. That petco is also in a tough little shopping center w/ bevmo ... tough parking and hard to get in/out of.
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Old 03-23-2021, 09:56 PM
 
Location: Los Angeles
7,048 posts, read 8,737,499 times
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Quote:
Originally Posted by 1200RT View Post
One of the big issues with big box pet stores during the pandemic is their grooming services were not essential for many months, which really hurt. Amazon and Chewy gained big market share w/ food and toy deliveries. That petco is also in a tough little shopping center w/ bevmo ... tough parking and hard to get in/out of.
I noticed the same brand shortages this past weekend in the Glendale petco.
Something is in the works, and I doubt it is good.
Meanwhile, petsmart has raised the prices recently on many brands of dog food.
Just as a source of information, the online company Chewy, is owned by petsmart.
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Old 03-23-2021, 10:51 PM
 
4,445 posts, read 3,338,104 times
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Not sure why this is relevant specifically to California, but I'd have to concur. I've been shopping almost exclusively at PetSmart lately, but walked into a Petco today because it shared a shopping plaza with the Whole Foods I went to (this was in Illinois, West Chicago suburb of Elmhurst). It was dire. The store looked cramped, poorly organized and stocked, badly lit and overall just in shambles. I've never seen a PetSmart in that kind of condition.
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Old 03-24-2021, 11:26 AM
 
Location: California
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Nope. Petco had an IPO a couple of months ago and the stock has done very well. Their results the past year were their best ever in history
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Old 03-24-2021, 02:40 PM
 
10,662 posts, read 8,772,194 times
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You can order everything from Amzn or go to the brand itself, and order direct from their own website.

But eventually porch pirating will become more and more of a problem, and or fuel and vehicle maintenance will become more expensive. Seller and buyer will then be forced into a brick and mortar concept completing the cycle. And then they will begin to specialize and separate into stores like BBB, Petco, Radioshacks all over again.
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Old 03-24-2021, 02:50 PM
 
Location: Los Angeles
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Many times in business, especially big businesses, with many execs, the right hand doesn't know what the left hand is doing.
Expenditures are made without all parties being informed.
This could be the case concerning the stadium in San Diego, especially when city government is involved.

I still believe I am seeing broad signs, the company is in trouble.
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Old 03-24-2021, 02:54 PM
 
Location: San Diego CA>Tijuana, BC>San Antonio, TX
5,090 posts, read 5,140,328 times
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Quote:
Originally Posted by HappyinCali View Post
Nope. Petco had an IPO a couple of months ago and the stock has done very well. Their results the past year were their best ever in history
Yup, they also just renewed their naming rights with the baseball stadium in San Diego. It will be Petco Park until 2027, why would they squander these funds if they were financially in trouble.

Quote:
Originally Posted by NJ Brazen_3133 View Post
You can order everything from Amzn or go to the brand itself, and order direct from their own website.
They also run kennels, pet clinics/hospitals and pet grooming all of which cannot be done by Amazon.
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Old 03-24-2021, 10:23 PM
 
10,662 posts, read 8,772,194 times
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Quote:
Originally Posted by malcorub16 View Post
Yup, they also just renewed their naming rights with the baseball stadium in San Diego. It will be Petco Park until 2027, why would they squander these funds if they were financially in trouble.



They also run kennels, pet clinics/hospitals and pet grooming all of which cannot be done by Amazon.
The kennels, pet clinics/hospitals, and grooming are more individual skill dependent. The employees doing that portion of the business may as well strike out on their own, especially medical, and grooming side.
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Old 03-24-2021, 10:26 PM
 
Location: West Los Angeles and Rancho Palos Verdes
12,191 posts, read 11,794,155 times
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Short squeeze time!

Apes like Petco! Hold the line! To the moon!

https://www.marketwatch.com/investin...od=over_search
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