King Sooper’s Pet Pharmacy will be closing its doors after nearly 40 years in business.
The pharmacy chain was founded in Los Angeles in 1963 and has a history of founding and operating new pharmacies in the area.
In its 20-year history, King Soop has opened more than 500 new stores and is expanding its business across the country.
The chain’s parent company, King Enterprises, announced this morning that the company is ending its operations.
The company is expected to announce the closing of the stores in mid-January.
The Los Angeles Times reports that the closing will impact approximately 30 employees, as well as the stores’ remaining employees.
The news comes as King Soops Pet Pharmacies has faced a number of setbacks over the past few years, including its acquisition of several local pet food companies and its inability to maintain its position as the nation’s largest pet food retailer.
The pet food industry is undergoing an evolution in terms of what is offered in its stores.
As of November, the nation was home to more than 1,100 pet food businesses, according to PetFood.com, with pet food prices starting at $0.99 per ounce.
However, some local pet stores are struggling to compete with online retailers like Walmart and Target, as they struggle to compete against the increasingly affordable pet food from pet food manufacturers.
Pet Food Matters estimates that in 2018, there were about 6,300 pet food retailers and more than 200 pet food brands in the U.S. According to the company, pet food sales were $1.25 billion in the first half of 2018, up 11.7 percent from the same time last year.
Pet food prices have also increased for pet owners over the last several years.
While the retail industry has faced increasing competition from online and other retailers, pet owners are also struggling to make ends meet and maintain their pet’s health.
In 2017, pet owner Michael McManus, a pet food shopper from North Carolina, told Forbes he made $50,000 per year, which was well below the $70,000 he made in 2014.
“It’s really sad that a company like King Soopy can’t do the right thing and do the same thing,” he said.
“I think that it’s sad that the world can’t see what the world needs to see.”
According to a statement from the company in November, King was planning to open a new pet food store, which would include its existing pharmacy and an additional two additional stores.
However the company did not say if this new location would be in Los Feliz, or if this would be an all-new pet food retail location.
In the past, King has announced plans to expand its pharmacy and add another new store.
For more on the pet food and pet food pharmacy closures, read Fortune’s interview with King SoOP CEO Mark Mathers.