Petco Health and Wellness Company has announced plans to close 25 stores across the United States by the end of 2025, marking the second consecutive year of retail reductions for the pet supply chain.
The closures come as part of a broader strategy to streamline operations and improve financial performance. Net sales fell 2.3 per cent year-on-year to $1.5 billion in the second quarter of 2025, matching the company's projections.
Thirteen locations across 11 states and the District of Columbia have already shut. Petco declined to provide a full list of stores slated for closure but confirmed the existing closures to Fast Company.
Petco's stock has dropped nearly 16 per cent so far this year and almost 26 per cent over the past 12 months. The company operates more than 1,500 stores in the US, Mexico and Puerto Rico.
Chief executive Joel Anderson said in August that the first half of the year had established a solid foundation for transformation, and that the company would continue targeted investments to return to sustainable profitable growth.
