Petcetera

Petcetera was a pet specialty supply retailer founded in Richmond, British Columbia in 1997 by Dan Urbani.

[1] The chain had expanded to 49 stores and 1,600 employees across Canada, before filing for bankruptcy in 2009.

[3] On March 20, 2009, Petcetera announced that, due to the recession, it was filing for creditor protection, and would start offering discounts on products in order to generate cash flow.

[6] On June 16, 2009, Petcetera officially filed for bankruptcy; however, Urbani announced on September 1, 2009 that he had bought 20 of Petcetera's most profitable locations out of liquidation, reopening them under the new corporate name of New Petcetera Retail Ltd.[1][7] In May 2014, the company announced that it would close all of its Canadian stores.

"As we developed our restructuring plan it became evident the only viable options available to us were to either close or sell the stores."