I heard the local to me store was closing but didn’t know they were going down.
Online ordering is killing all the brick and mortar stores.
Translation:It sounds like the restructuring agreement is to liquidate 59 stores, leaving approximate 200 stores still operating in 23 states. Debt will be restructured with the goal of retaining operations and long term sustainability. All warranties will still be honored.
At least these are the stated goals of the Chapter 11.
Yeah I get it. I’m from a small community and try my best to support my local economy in hopes that people can continue to make a living.Well when you can order online for a cheaper price and have it in 2 days vs going to a store and they have to order the part you need and wait 3 days to get it.