Monro, Inc. has announced an amendment to its consulting agreement with AlixPartners, LLP, marking the entry into a material definitive agreement. The amendment, signed on May 30, 2025, formalizes the engagement of AlixPartners for the initial phase of implementation services, with a total fee of $5.85 million to be paid by the end of July 2025. These services include executing a store closure plan, enhancing customer experience and selling effectiveness, driving profitable customer acquisition and activation, and boosting merchandising productivity while mitigating tariff risks. The terms of the original consulting agreement remain largely unchanged, and the amendment reflects a strategic move by Monro, Inc. to strengthen its business operations under the leadership of President and CEO Peter Fitzsimmons, who also holds a position with AlixPartners.
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