Is PetSmart Next? Its Bonds Are Melting Down
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The PE-firm-owned retailer has $8 billion in debt and grapples with its fate. PetSmart, the largest brick-and-mortar pet supply and services retailer in the US and Canada, with 55,000 employees, 1,600 big-box stores, 200 pet boarding …