20+ Stores That Are Closing Up Shop In 2020

PetSmart Inc.

Pet product retailer PetSmart Inc. has over 1,500 stores across the U.S., Canada, and Puerto Rico. They’re $8 million in debt can be attributed to the e-commerce market and more consumers turning to sites like Amazon. PetSmart did recently buy an e-commerce site, Chewy, but the hefty $3.35 billion price tag only made their debt sky-rocket even more. Can you believe that’s the highest a company has ever paid for an e-commerce site?

PetSmart

BKH Acquisition Corp.

BKH Acquisition Corp. is in charge of over 100 Burger King chains in Puerto Rico. But, they were unfortunately placed on a list called the Distressed Company Alert. Their current crisis is due to their ongoing credit struggles, as well as the economic weakness of the country.

BKH Acquisition Corp.