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Tractor Supply Co. announces closure of 75 Petsense locations
Tractor Supply Co., the United States’ largest rural‑lifestyle retailer, said it will shut down about 75 underperforming Petsense stores, roughly one‑third of the chain’s 209 locations in 23 states. The company did not release a specific list of closures, but employees at the Vidalia, Louisiana store reported they are likely to be affected as early as this fall.
The retailer, which bought Petsense for $145 million in 2016, expects the closures to generate approximately $71.7 million in impairment and other charges, including a $5.9 million inventory write‑down. CEO Hal Lawton said the moves will improve returns, simplify the business and free capital for higher‑growth opportunities.
Despite the cuts, Tractor Supply plans to open between 85 and 90 new stores in 2027, down from an earlier target of 100, and will redirect investment to initiatives such as store remodels and final‑mile delivery.
Customers of the affected Petsense stores have expressed disappointment on social media, describing the closures as a loss of valuable community pet‑care services.
Entities
Hal Lawton · Petsense · Tractor Supply Co. · Vidalia, Louisiana
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Tractor Supply expects $71.7 million in impairment and other charges, including a $5.9 million inventory write‑down. www.natchezdemocrat.com
- [○ 1 SOURCE] Comparable sales fell 1.5% for the quarter and adjusted net income declined to $423.5 million from $430 million a year earlier. www.natchezdemocrat.com
- [● 2 SOURCES] Tractor Supply acquired Petsense for $145 million in 2016. www.natchezdemocrat.com · nypost.com
- [● 2 SOURCES] Petsense operates 209 locations across 23 states. www.natchezdemocrat.com · nypost.com
- [● 3 SOURCES] Tractor Supply Co. will close approximately 75 Petsense stores. kicks105.com · www.natchezdemocrat.com · nypost.com
- [● 2 SOURCES] CEO Hal Lawton said the closures will improve returns, simplify the business and allow resources to be redirected to higher‑growth opportunities. www.natchezdemocrat.com · nypost.com
- [● 2 SOURCES] Tractor Supply plans to open approximately 85‑90 new stores in 2027, down from a previous target of 100. www.natchezdemocrat.com · nypost.com
- [● 2 SOURCES] The closures represent roughly one‑third of Petsense’s total locations. www.natchezdemocrat.com · nypost.com