Hm I wonder if more folks are buying online.
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Look at the prices in store and the prices on line. I hardly ever buy anything at the store anymore.
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We continue to hear consumers are squeezed by inflation and spending less. Cutting costs, closing under performing stores fits right in.
But AAP seems a weak player in the industry. Both Autozone and O’Reily have better numbers.
Auto parts tend to be countercyclical in a recession. People keep their cars longer and have more time to work on them when business slows and there is less overtime etc.
So could be a response to strong economy and investors going elsewhere. Less fear of recession.