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Tractor Supply to close 75 Petsense stores around the country
Fox Business • • business
Key Points:
- Tractor Supply announced plans to close approximately 75 underperforming Petsense pet stores out of 209 locations nationwide to improve profitability and focus on higher-return opportunities.
- The closed Petsense stores were generating negative cash flow, failing to cover local costs such as rent, labor, and inventory, prompting the company to reinvest savings into its core business.
- CEO Hal Lawton stated that after closures, Petsense will remain a strong and profitable part of Tractor Supply's integrated pet ecosystem, which also includes Allivet and VIP Petcare.
- Despite the Petsense closures, Tractor Supply does not expect any impact on the growth of pet products within its core business, which operates independently from Petsense.
- The company plans to open 85 to 90 new stores in 2027, fewer than the previously expected 100, with savings redirected toward remodeling existing stores through Project Fusion to enhance performance.
