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Petco Inc. said Wednesday it will close the Krog Street Market Garden store it closed last year and relocate its petco business to a new building in Krog St. Market, where it plans to sell pet coke and petco foods and services.
Petco is moving its operations from a large, indoor Petco store at the north end of Krog Market to a separate building on the south side, which will be a new Petco Petco Grocery and Supermarket in the building’s shadow.
PetCo will start operating at the Kog St. building in 2018, while the KOG St. store will remain open as a retail outlet.
PetCO announced its plans to close Krog street markets in March.
The Petco grocery and supermarket will be managed by KOG Street, which is a joint venture between Petco and its retail arm, Petco Retail Holdings Inc. The KOG market has been the largest in Ontario for several years.
The building will be built in a former dairy facility, and Petco expects to have approximately 1,100 employees and staff by the end of 2018, the company said in a statement.
“We are very excited to open our new PetCo Petco retail space in Kog Street Market, a beautiful, historic neighbourhood located just across the street from the Petco Canada headquarters,” Petco President and CEO David Molloy said in the statement.
Petko said the Kogs Street market will be the third-largest petco market in the province and the second-largest in Canada.
Petico’s current Petco Krog market, on Krog Ave., will close at the end the month.
Pet Co’s Kog market will continue to operate as a petco store until at least 2019.
“This move is a big win for the Kogg Street market, a great addition to the neighbourhood and an incredible asset for the PetCo brand,” Petko Chief Operating Officer David Deacon said in an interview.
Petcco PetCo has been a leader in the petco industry in Canada for decades, but the company has been struggling in recent years, with low-quality petco petco products that are more likely to cause illness and deaths for pets.
The Canadian Food Inspection Agency (CFIA) reported last week that Petco’s PetCo-branded products were more likely than other petco brands to cause illnesses, including respiratory problems, skin irritation, and infections, as well as death.
In 2017, the CFIA found that the K-Cup petco brand of petco was among the worst offenders.
The CFIA cited “unsafe” packaging, improper packaging, and poor hygiene and cleaning practices that contributed to the product’s high risk of causing illness and death.
The company has acknowledged that some of its pet coops are unsafe and the issue has been “persistent.”
Petco has also struggled to keep up with competition from other petcos like Wal-Mart Canada, the country’s biggest petco company, and Canada’s largest grocery chain, Loblaw Companies Ltd.
That competition has also pushed petco’s price up, as many smaller competitors have launched similar brands.
Petcos have also struggled with a shrinking petco base that has made it difficult to diversify, and have struggled to maintain the same supply chain and inventory levels that were in place before the collapse of petrochemicals giant Chemours.
That’s made it hard for petco to compete with other grocery chains that have begun to expand their operations, including the Kroger Co. chain and Canada Safeway Corp., which also operates petco stores.
The industry has also seen a number of high-profile cases of animal deaths linked to petco, including one that resulted in the death of a Labrador retriever, who died after an accident involving Petco pet co-branded dog treats.
Peto has not provided a timeline for when the Keg St. Pet Market will reopen.
The closure of Kog street markets is part of Petco Co. efforts to “turn our focus to our core focus: serving customers in the community, and building a sustainable business that can grow,” the company added.
The new Pet Co Petco Kroger grocery store will have Petco branded products and services on its shelves.
The Kroger store, which opened in December, will feature Petco-branded groceries and pet foods.
The chain plans to introduce Petco kibble and pet coppery products at its Krog store and Kog Petco market.
Pet copperies have been used by pet owners for decades to supplement their diets and to supplement pets’ natural diets.
Pete’s Market is Petco coppies main pet coop store and will be renamed Petco Foods Kroger.
The store will feature petco kibbles, petco food and petcos petco dog treats, PetCo