Additionally, shares of AAP have also cratered amid a broader market sell-off owing to concerns over economic slowdown because of sky-high inflation and rising interest rates. While the firm’s expansion and optimization of its footprint by opening new stores, widening its online presence and strategic collaborations may strain near-term financials, it augurs well for AAP’s growth. The company has enhanced the front-end user experience of its online platform, which is leading to stronger traffic and higher conversion rates while in-store execution is resulting in notable gains in units per transaction.