Shares of Advance Auto Parts collapsed more than 30% following a "downright horrible" earnings report after it was forced to slash prices. Foot Locker and Autozone are among retailers facing similar headwinds.
Jonathan Ponciano is a Senior Reporter for Forbes, specializing in finance and business news. With a background in business administration and a keen interest in technology and investments, Jonathan covers a wide range of topics including fintech, market trends, labor market analysis, and notable business figures. His work has also been featured on Flipboard.