Monro sales climb but closing of 145 stores results in $8.1M loss
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Monro has reported a loss of $8.1 million due to the closure of 145 stores, despite an increase in sales. The store closures are part of a plan to boost profits, which involves closing about 10% of locations. The company is also undergoing other changes, including the sale of its Rochester headquarters building, as it works to enhance profits and shareholder returns under new leadership.