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Most retail operators fear economic shrinkage, which usually leads to a decrease in sales and can lead to financial distress.
Retailing companies will seek to implement strategic alternatives such as marketing strategies, restructuring, and abstraction to help operate business. In despair, companies may be reorganized in Chapter 11 of bankruptcy or liquidation in Chapter 7 File.
In some cases, companies can benefit during economic decline. The post -sales sector of cars has sometimes witnessed the opposite impact on economic shrinkage, as some companies had an increase in sales during difficult times, according to the 2022 report of KPMG.
Related: More than 700 stores are closed
Car owners often buy auto parts to repair and maintain their cars during the economic decline instead of taking a larger account to buy a new car, which nourishes the post -sales sector in auto parts.
Many retailers have already taken action spare parts last year to enhance their business by launching a restructuring.
Wheel Pros, which works as the Honigan Vehicle Spare Spare Parts distributor, has applied for the bankruptcy of Chapter 11, packed on September 9, 2024, where it handed over 85 % of the new shares interests to the holders of the first claims and the remaining 15 % survival of the new lenders who will succeed the debtors loan.
The restructuring plan will spend $ 1.2 billion of debt and save about $ 570 million in the new capital through an exit facility.
Accuride Corp. , Which also manufactures wheels and final wheels for commercial trucks and trailers, provided for bankruptcy protection Chapter 11 on October 9, 2024, seeks to restructure its affiliated with their debts to continue working as a continuous tenth.
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Advance Auto offers new stores
Now, advanced automatic parts ((Aap)) The post -sales provider in American car parts revealed that he moves from the store closing stage for the strategic transformation plan and entering a period of growth by opening 30 new stores in 2025.
Related: The troubled retail chain closes more than 100 stores
She said in a statement on March 26 that the auto parts retail chain plans to expand the growth phase and open at least 100 new additional sites until 2027.
More closure:
- The popular retail chain to close unbelieving stores sites
- Diabetic retail series, rental, major assets, main assets
- Divide deduction files, closing all stores
RaleIight, NC, auto parts retail dealer, which runs 4,788 Auto stores and 934 Carquest stores that carry Carquest independently from December 28, 2024, in November 2024 that it will close 727 company owned by and independent, in addition to four West Coast distribution centers by the end of March 2025.
She said in the statement that the company completed the phase of closing the store and returned to the growth stage.
The company said that 75 % of the company’s stores are on the market, as it is located in the number 1 or No. 2 on the basis of the density of the store.
Advanced auto parts open new sites
In 2025, Advance Auto has so far opened six stores in Florida, New Jersey, Tennessee and Virginia. During the next few months, you plan to open more sites in Florida, Ilinoi, Maryland, Ouhayu, Virio, and Wisconsin.
Advance Auto has previously announced a gradual capital expenses plan that includes additional investments in current stores related to information technology infrastructure, equipment, store repair, improving stock and delivery. Advance also provides additional training for team members to enhance customer experience, according to the statement.
Related: After bankruptcy, the retail chain re -launches operations
