PetSmart unlikely to be acquired, says Oppenheimer After activist investor Longview revealed a large stake in PetSmart, Oppenheimer thinks the company is unlikely to be acquired and expects intensifying competitive pressures to continue to weigh on its traffic. The firm thinks competition could also undermine its margins, and recommends that investors stay on the sidelines on the stock.
PetSmart appoints Helen Wallace as Chief Accounting Officer PetSmart appointed Helen Wallace as Chief Accounting Officer and principal accounting officer. Ms. Wallace is expected to assume her responsibilities on or about October 6. Prior to joining the company, Ms. Wallace served as Senior Vice President, Finance / Principal Accounting Officer of Designer Shoe Warehouse.