This popular firm channel on 100 locations
The channel will continue to seize stores in the coming months.
During the Covid-19 pandemic, countless companies have closed their doors for good, fromBeloved retail chains Tomovie theater ToPopular restaurants. And although there may be hope on the horizon of some companies, trafficking trafficking picking up and the economy bounces, all businesses will not do the storm. Now another national channel makes difficult decisions about its future, announcing closure plans of more than 100 stores. Read it to find out if a store near you can be assigned.
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Pep Boys closes stores in the northeast.
Pep Boys, a supply chain and automotive repair thatoperates more than 1,000 locations and 9,000 serving bays in the United States and Puerto Rico areClose a number of stores all over the north-east of the United States in the coming months,The Philadelphia Investigator reports.
The publication indicates that the philadelphia-based automotive supply company will beSoon Shutter New Jersey Sites In Cherry Hill, Marlton and Turnersville, following the location closures in Stratford and Audiduon at the beginning of the 2021.
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The channel will close more than 100 stores in total.
In a source forThe Philadelphia InvestigatorIn addition to recent closures in the Northeast, Pep Boys plans to close or sell 100 additional stores in the United States in the near future.
The company has already closed a number of stores in Louisiana, Michigan, New Mexico, Pennsylvania and Washington State since the beginning of 2020, publishing reports.
And 100 locations of PEP boys will be taken over by a competitor.
In March 2021, Pep Boys announced that his competitor, advance the car parts, would initially have lease, then rebentate 109 Pep Boy stores in California.
"The agreement announced today does not strengthen the position of the PEP boys' service as a leading repair and maintenance provider for consumer and fast-growing fleets of the west coast",Pep Boys CEO Brian Kaner in a report. "This year's agreement will bring us the opportunity to update our service centers locations and reinvest on the market to meet the needs of emerging clients, including the demand for electric vehicle services in the region."
KANER added that "there is a significant convenience advantage of having Pep Boys service centers near a leading parts provider such as Advance - just another way, Pep Boys continues to give our promise. To our customers: we go further to help you go further. "
This is not the first mass closure of society.
In 2003, Pep Boys had another large closing line. At the time, the company filed about 860 employees andShuttered 33 stores, according to CBS News.
"Nobody likes to do what we are going to do today, and clearly not the employees involved, but it is necessary that we can move on to the next step and return to profitability and growth," saidLawrence Stevenson, the CEO of the company at the time.
Barely three years before the 2003 closures, the chain had closed 38 stores and set up 1,500 employees.
