After closing 700 stores, huge auto parts chain opens locations
The popular auto parts chain will open dozens of stores after closing 727 in a strategic turnaround plan.
Most retail operators dread economic downturns, which usually lead to a decline in sales and can result in financial distress.
Retail businesses will seek to implement strategic alternatives such as marketing strategies, restructurings, and divestitures to help turn around a business. In more desperate situations, companies might reorganize in a Chapter 11 bankruptcy or liquidate in a Chapter 7 filing.
