Major auto repair chain to close 145 stores nationwide
(NEXSTAR) – Monro, the auto-service giant with locations spanning the U.S., has announced that it will be closing 145 locations.
Peter Fitzsimmons, Monro's president and CEO, said in a May 28 earnings report that the move comes after leadership identified four key areas of potential improvement.
"These include closing 145 underperforming stores, improving our customer experience and selling effectiveness, driving profitable customer acquisition and activation, and increasing merchandising productivity, including mitigating tariff risk," according to Fitzsimmons, who was named CEO on March 31.
Fitzsimmons, partner and managing director of global consulting firm AlixPartners, replaced the former CEO Mike Broderick.
The announcement comes after the Fairport, New York-based company reported that fourth quarter sales had fallen 4.9% to $295 million.
Monro has more than 1,250 auto repair shops and tire dealers across 32 states, according to the company website. Along with its auto service and tire centers, Monro's brands consist of: Tire Barn Warehouse, Tire Warehouse, Ken Towery's Tire & AutoCare, Allen Tire Company, Monro Commercial Solutions, Car-X Tire and Auto, Tire Choice Auto Service Centers, Free Service Tire Company, Inc., Mountain View Tire & Auto Service, Skip's Tire, Lloyd's Tire, Calabasas Car Care and Bud's Tires.
Monro did not identify which locations are slated for closure. Nexstar has reached out for additional information.