(NEXSTAR) – Monro, the auto-service giant with locations spanning the U.S., has announced that it will be closing 145 locations.

Peter Fitzsimmons, Monro's president and CEO, said in a May 28 earnings report that the move comes after leadership identified four key areas of potential improvement.

"These include closing 145 underperforming stores, improving our customer experience and selling effectiveness, driving profitable customer acquisition and activation, and increasing merchandising productivity, including mitigating tariff risk," according to Fitzsimmons, who was named CEO on March 31.

Fitzsimmons, partner and managing director of global consulting firm AlixPartners, replaced the former CEO Mike Broderick.

The announcement comes after the Fairport, New York-based company reporte

See Full Page