Huge auto parts chain closes over 700 stores sooner than expected
The auto parts retailer has accelerated its store-closing plans.
The retail sector has faced economic challenges since the Covid-19 pandemic impacted the sector beginning in 2020.
Retailers have already faced rising inflation, increased interest rates, and consumers who are cautious with discretionary spending that has prompted out-of-court restructurings, bankruptcy filings, and store closings.
