Pet Smart Inc.
Pet product chain PetSmart Inc. has over 1,500 stores in the United States, Canada, and Puerto Rico. They can credit their $8 million debt to the e-commerce market, and as more customers move to preferred sites like Amazon. PetSmart newly purchased an e-commerce platform, Chewy, but the high price tag of $3.35 billion just sky-rocketed its debt. Can you imagine that this is the biggest company that one has ever paid for an e-commerce site?
Pet Smart Inc
Stein Mart
Stein Mart, which is another discount department store located in Jacksonville, doesn’t seem to be performing so well lately. Regardless of their increasing volumes of business by 47% during 2017, they declared a loss to the bottom line of $23.4 million. We hope that some consultants can support them very soon!
Stein Mart
