Another auto supply chain closing most stores, no bankruptcy filed
The chain has been operating since 1958, but it has made the tough decision to close 90% of its locations.
The internet has hurt some businesses more than others.
Clothing retailers, for example, have proven resilient because people like trying on clothes. Yes, you can buy anything from a suit to underwear online, but sending it back when it doesn't fit is a hassle.
Related: Huge auto parts brand files for bankruptcy liquidation
Grocery chains have also done well, although traditional supermarkets have faced significant pressure from warehouse clubs as well as Walmart and Target's expansion into those spaces. That's because while having groceries delivered is convenient, it means giving up quality control.
People like to look at their produce before they buy it and size up their meat and fish before making a decision. They also like the immediacy of going to a store, putting items in their cart, paying for them, and then having them ready to go.
Brick-and-mortar chains that support do-it-yourself hobbies and activities, however, have suffered. Joann, the fabric chain, went bankrupt twice and is currently in the process of going out of business.
