Legendary auto retailer to close all of its stores in US after 75 years and everything is 50% of

Publish date: 2024-05-19

A LONG-time auto retailer has confirmed that it will close all of its stores – and fans will want to take advantage of deals before it's too late.

Knecht's Auto Parts will be closing all eight of its stores in Oregon after more than 75 years in business.

Kevin Sabbato, chief executive officer of the company told local news outlet The Register-Guard that Knecht's is "no longer sustainable" after losing market share and seeing increased competition in the auto retail part space.

He added: “We've been involved in the community for 75 years and we've had great support through our customers and our employees, and we couldn't have done it without them."

Knecht's, which sells a range of auto parts from engines to tires, is set to fully shut down on May 31, with the company employing roughly 35 people.

The bulk of its locations are located in Eugene and Springfield.

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Here is the full list of Oregon addresses that the company has listed online:

A store employee at the 2290 West 11th Avenue location in Eugene confirmed to The U.S. Sun that everything in that particular shop is 50 percent off.

But that number will move up to 70 percent on May 1.

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Keep in mind that liquidation deals can vary by location – so it's worth calling ahead of time.

Most of Knecht's locations operate 9am to 6pm on Sunday, except for the store on 248 North 9th Street, which is open only until 5pm.

During the week and Saturdays, most of the stores operate anywhere from 8am to 8pm each day.

The U.S. Sun reached out to Knecht's for comment.

MORE LONG-TIME RETAILERS SHUTTERING

The store closure comes as brick-and-mortar locations have struggled to operate amid the rise of online sales.

Some experts have dubbed this trend as the "retail apocalypse."

And it's been affecting long-time retailers in addition to Knecht's.

Another is Lowell Holloway Furniture in Longview, Texas.

While no exact shutdown date has been provided, shoppers in the area can take advantage of sales worth up to 70 percent off until Monday.

Also, Herman Brothers in Lyons, New York, has decided to close after 78 years.

This is due to age and a lack of family members wanting to run the business.

But perhaps the biggest news comes from Bed Bath & Beyond, which has filed for bankruptcy after more than 50 years in business.

All 360 locations, as well as 120 buybuy Baby stores, are set to shut down by June 30 unless the company can find a buyer in the next couple of months.

Additionally, keep in mind that even stores selling groceries have not been immune to the retail apocalypse.

For example, Walmart has announced a string of closures this month alone.

Read More on The US Sun

For more news in the retail space, Walmart debuts two new improved stores.

And Aldi announces the debut of 11 new products and the return of fan favorites

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