Goodbye to this famous chain in the U.S.: permanent closure of over 100 stores

Changes in the U.S. retail market aren't stopping, this time affecting a very well-known company. The closing of stores and the restructuring of major chains has become a growing trend over the past year in the country. Now, a renowned automotive services firm has made a drastic decision to face the future with greater strength.

Monro Inc., a company with a nationwide presence, has announced that it will close 145 of its stores. This measure comes after a challenging fiscal year in which its sales dropped significantly. The company's new CEO, Peter Fitzsimmons, confirmed that this decision is part of a plan to restore the brand's profitability.

A cut that impacts nationwide

During the fiscal year that ended in March 2025, Monro Inc. reported a 4.9% drop in its revenue. This decrease, which equals $5.2 million, represents a sharp decline compared to the $37 million in earnings recorded just a year earlier. As a result, the company decided to close the stores that weren't meeting performance targets.

The company operates more than 1,300 locations across the United States, of which more than 1,200 are company-owned and 48 operate under franchise. Even so, it hasn't revealed which stores will close, which has caused concern among employees and customers. Many communities rely on these establishments for their vehicle maintenance.

Peter Fitzsimmons took over the leadership of Monro Inc. at the end of March, after a career at the consulting firm AlixPartners. Since his arrival, he has insisted that the closures are part of a broader strategy. The goal is to strengthen the company's finances, improve the customer experience, increase productivity, and reduce risks such as tariffs, according to Mundo Deportivo.

A bet on the future and efficiency

The company has made it clear that these changes aren't temporary or improvised. The plan aims to achieve a more efficient operation, with better results for both customers and investors. In addition, new ways to attract customers and make better use of available resources are being studied.

Fitzsimmons explained that part of the restructuring includes updating internal processes. This covers everything from inventory use to the way each sale is made. According to the CEO, the impact of these decisions will become apparent progressively over the next year.

Although the closing of 145 stores represents a significant reduction in its physical presence, Monro Inc. expects this to help build a stronger foundation in the U.S. sector. Meanwhile, the company will continue to evaluate other areas that could be optimized. The ultimate goal is to return to sustainable growth in the coming years.