Major pet supplies store franchisee files Chapter 11 bankruptcy

The favored manufacture has shown economical spot aft income roseate astir 3.7% successful 2025, reaching $158 billion, according to the American Pet Products Association's 2026 State of the Industry Report.

Sales are projected to emergence to $165 cardinal successful 2026, with full-year maturation expected to beryllium astir 4.4%, of which 2% is driven by inflation, the study said.

Despite the fiscal spot successful the industry, favored supplies retailers are inactive having difficulties, forcing definite establishments to record for bankruptcy protection.

Pet store concatenation franchisee files bankruptcy

Florida-based Pet Supplies Plus franchisee PSP TS LLC filed for Chapter 11 bankruptcy protection, seeking to reorganize its concern affairs, according to tribunal papers.

The Holiday, Fla., favored supplies retail franchisee filed its petition successful the U.S. Bankruptcy Court for the Middle District of Florida successful Tampa connected May 12, listing $100,000 to $500,000 successful assets and $1 cardinal to $10 cardinal successful liabilities, according to PacerMonitor.

The debtor's largest unsecured creditors see Banesco USA, owed implicit $920,000; Pinacle Bank, owed implicit $275,000; and American Express, owed implicit $8,000.

The debtor did not bespeak a circumstantial crushed for filing for bankruptcy, and the franchisee's lone Pet Supplies Plus store remains open.

The Pet Supplies Plus franchisor has not filed for bankruptcy.

The Livonia, Mich.-based favored supplies chain, which was founded successful 1988, operates 725 Pet Supplies Plus locations successful 44 states, arsenic good arsenic 26 Wag N' Wash full-service grooming and self-wash facilities nationwide.

The favored supplies chain, which has implicit 10,000 products from implicit 400 brands, besides offers online buying with same-day transportation and one-hour curbside pickup.

Chain ranked No. 1 Best Customer Service

Forbes, for the 3rd consecutive year, ranked Pet Supplies Plus arsenic the No. 1 favored store for champion lawsuit work successful February 2026.

The erstwhile genitor institution of the Pet Supplies Plus corporation, Franchise Group Inc., filed for Chapter 11 extortion connected Nov. 3, 2024, to restructure its business, according to tribunal papers.

The erstwhile genitor company, however, was not progressive successful the concern operations of Pet Supplies Plus and Wag N' Wash.

Pet Supplies Plus sold successful bankruptcy

Franchise Group emerged from bankruptcy connected June 6, 2025, aft confirmation of its program of reorganization, which included the merchantability of Pet Supplies Plus to Fusion Parent LLC.

Pet Supplies Plus and Wag N' Wash presently run arsenic their ain autarkic entity.

"Even though we were already operating arsenic an autarkic business, this determination allows america to formally illustration our ain course," Chris Rowland, CEO of Pet Supplies Plus and Wag N' Wash, said astir separating from Franchise Group successful a connection astatine the time.