PETM Profile
PetSmart, Inc. (PETM) was a publicly traded American company that operated a chain of pet supply stores offering a wide range of pet products and services. As of my knowledge, the company sold pet food, toys, bedding, grooming products, and other supplies, as well as offering pet grooming, training, and adoption services.
In March 2015, PetSmart was acquired by a private equity consortium led by BC Partners for approximately $8.7 billion. Following the acquisition, PetSmart became a privately held company and its shares no longer traded on any public stock exchange.
Prior to the acquisition, PetSmart faced challenges in the highly competitive pet supply industry, including increasing competition from online retailers and discount stores. The company attempted to address these challenges through a variety of initiatives, including store renovations, expanded product offerings, and enhanced customer service.
It is important to note that investing in a pet supply company like PetSmart carries risks, including the potential for changes in consumer preferences, economic conditions, and competition that could impact the company's financial performance.
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