50 Companies At Risk of Bankruptcy in 2020

Published on November 26, 2019
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Petco

The original mail-order business is Petco. Founded in 1965, it presently has over 1,500 stores between Mexico and the United States. Included within those 1,500 stores are its 85 “Unleased by Petco,” which are its smaller and more community-based pet stores. Based on the philosophy of “Think Adoption First,” Petco found themselves in a legal spat in 2010. It paid nearly $1.75 million consumer protection lawsuit. The lawsuit was a result of customers filing a complaint that they were being overcharged, but also their pets were receiving improper pet care.

Petco

Petco

Pier 1 Imports

Specializing in imported home furnishings and décor, Pier 1 Imports was founded in 1962 in San Mateo, California. This popular store offered many American households an alternative to modern and often dull furniture. With Pier 1, families could bring pieces from around the world into their home. Unfortunately, Pier 1’s unique home furniture would not be enough to keep them afloat. Presently operating 973 stores between Canada and the US, the company is planning to close another 145 before the end of 2019. Currently, it has already closed 30 stores.

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Pier 1 Sales

Pier 1 Sales