After a few weeks of an earnings season marked by cautionary optimism about the state of the U.S. consumer, CarParts.com said the quiet part out loud Tuesday (May 7) as it showed a significant drop in revenue and profit for the first quarter. “Our performance...
CarParts.com is leaning heavily on its new mobile app and its revamped content marketing efforts as it looks to boost its gross profit. These initiatives around commerce experience and marketing are paying off in higher sales volume and lower customer acquisition costs, David Meniane, CEO of Carparts.com,...
As consumers struggle to make ends meet, the burden of unexpected car repairs can be overwhelming. David Meniane, CEO CarParts.com, said in a recent interview that, though it’s tough to gauge where we are in the macro-economic cycle, there are some longstanding trends in place. ...
When the CV joint on your used car finally breaks, your first thought isn’t how data science and optimized supply chain figure into that repair. But they do, by ensuring that part is readily available and affordable, as the calculus of pouring money into used...
May 13, 2024
As shoppers increasingly purchase auto parts from third-party online marketplaces such as Amazon and eBay, retailers and eCommerce merchants specializing in the category are seeing sales declines. In Q1 of this year, CarParts.com’s net sales dropped 5% year over year, and the company’s net loss of $6.5 million marked a significant drop from the $1.1 […]
May 04, 2023
When the CV joint on your used car finally breaks, your first thought isn’t how data science and optimized supply chain figure into that repair. But they do, by ensuring...
March 07, 2024
CarParts.com is leaning heavily on its new mobile app and its revamped content marketing efforts as it looks to boost its gross profit. These initiatives around commerce experience and marketing are paying off in higher sales volume and lower customer acquisition costs, David Meniane, CEO of Carparts.com, said Thursday (March 7) during a quarterly earnings call. The […]
August 03, 2022
More drivers are keeping their cars longer due to increasing interest rates and a precipitous drop in the stock of new cars, which is helping auto parts eCommerce retailer CarParts.com....
March 09, 2021
CarParts.com, Inc., an eCommerce automotive company, reported as part of its financial results that net sales jumped 90 percent year over year in the fourth quarter of 2020, which included an...
March 02, 2021
AutoZone, Inc., an automotive parts and accessories retailer, reported that net sales jumped 15.8 percent in the second quarter of fiscal 2021 as it expanded its store count, according to...
