cover of episode Auto Parts Industry Warns Consumer Behavior Is Changing RAPIDLY

Auto Parts Industry Warns Consumer Behavior Is Changing RAPIDLY

2024/11/18
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Eurodollar University

Chapters

The chapter discusses the decline in Advanced Auto Parts' business, attributing it to a shift in consumer behavior and lack of disposable income, leading to store closures and layoffs.
  • Advanced Auto Parts' stock plummeted by 85%.
  • Negative same-store sales and declining customer demand.
  • Planned closure of 700 stores affecting numerous workers.

Shownotes Transcript

Another retailer finds out the 2021 "recovery" was mostly an illusion. Prices may have soared and revenues looking good, it didn't last because it couldn't. As the company closes hundreds of stores and prepares to lay off an unknown number of workers, more stats show this is no isolated case. The cycle continues and continues to take its toll on businesses and workers alike. 

Eurodollar University's conversation w/Steve Van Metre