Next LBO Victim—PetSmart Heading Toward Meltdown

PetSmart, the largest brick-and-mortar pet supply and services retailer in the US and Canada, with 55,000 employees, 1,600 big-box stores, 200 pet boarding facilities, and $8.7 billion in revenues in fiscal 2017, has a little problem: $8.1 billion in debt.

 

https://wolfstreet.com/2018/05/25/is-petsmart-next/