AutoZone Confirms It's Keeping Stores Open as It Deploys Coronavirus Contingency Plans
In an SEC filing on Thursday, auto parts retailer AutoZone (NYSE: AZO) informed investors that the duration of the COVID-19 pandemic remains a significant unknown impacting its business. The nationwide auto maintenance brand also stated that it has created contingency plans surrounding merchandise categories management deems to be at risk of supply disruption, including items sourced from China and other coronavirus-affected areas.
AutoZone provided clarity on its current store status following a wave of temporary store closures across the retail spectrum in recent days, stating: "Currently, substantially all of our stores, including stores located in jurisdictions where travel restrictions and 'stay-at-home' orders have been imposed, remain open, with most traditional non-hub stores temporarily operating on limited hours. Our online sales channel continues to operate as normal."
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Source Fool.com
