PetSmart Inc.
This retailer is a giant in the field of pet products, although it has a debt problem of $8 billion. Reuters said none of them will mature before 2022. Its problems have to do with e-commerce, just like the other retailers we talked about. It has bought its own e-commerce site by the name of Chewy. The company paid $3.35 billion, which is the highest amount any company has spent on e-commerce.
PetSmart
Payless
In 2017, Payless filed for bankruptcy, laid off employees, and shut down 600 stores. It managed to make a comeback after reorganization in August 2017. While it closed down a lot of stores, it still has 3,500 of them in operation. The CEO said, “We have accomplished our goals of strengthening our balance sheet and restructuring our debt load, positioning Payless to create substantial value for our stakeholders.”
Payless
