business
Another pet supplies store operator files Chapter 11 bankruptcy
Key takeaways
- The pet industry has shown economic strength after sales rose about 3.7% in 2025, reaching $158 billion, according to the American Pet Products Association‘s 2026 State of the Industry Report.
- Sales are projected to rise to $165 billion in 2026, with full-year growth expected to be about 4.4%, of which 2% is driven by inflation, the report said.
- Despite all of that good economic news, not every pet supplies retail operation is enjoying the financial benefits of the industry's sales growth.
Another pet supplies store operator files Chapter 11 bankruptcy Kirk O’Neil Sun, May 24, 2026 at 3:33 AM GMT+7 3 min read Economic challenges, such as rising labor and product costs driven by inflation and increasing lease rates, have impacted pet supplies retail operators, forcing several to file for bankruptcy protection, despite financial strength in the industry.
The pet industry has shown economic strength after sales rose about 3.7% in 2025, reaching $158 billion, according to the American Pet Products Association‘s 2026 State of the Industry Report.
Sales are projected to rise to $165 billion in 2026, with full-year growth expected to be about 4.4%, of which 2% is driven by inflation, the report said.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop