Troubled specialty retailer Petcetera says it plans to close its Ottawa location by the end of June as part of the company‚Äôs move to divest itself of all its retail locations.
The Richmond, B.C.-based pet food and products retailer, which filed for creditor protection in March, currently plans to close nine of its 18 stores across Canada, while the remainder will be sold to competitors.
"As we developed our restructuring plan, it became evident the only viable options available to us were to either close or sell the stores." Dan Urbani, president and CEO of Petcetera, said in a news release.
"We have now rationalized the prospects of every store and have concluded that our stores in Kamloops, Regina, and Ottawa cannot be sold and will be closed by the end of June.‚ÄĚ
The company has begun liquidating inventory chain-wide in an effort to generate cash. The company says it will also liquidate fixtures and equipment at the Ottawa location at 2055 Tenth Line Rd. in Orleans and other stores that are shutting down.