Advance Auto Parts to Shutter More Than 600 Stores, Four Distribution Centers
Advance Auto Parts is set to close 523 corporate stores and exit 204 independent locations as part of a multi-year strategy to boost profitability and streamline operations. The company revealed the closures during its quarterly investors call last week, alongside plans to consolidate its warehouse footprint and open 60 new locations by 2027.
Advance Auto Parts Is Closing 727 Stores, 4 Distribution Centers to Stay Afloat
The ubiquitous Advance Auto Parts will be less so in the next couple of years. The automotive parts retailer will shutter more than 700 locations by 2027. The move is part of an adjusted business plan following another disappointing earnings report.
Advance Auto Parts plans to close over 700 stores by next year
The North Carolina-based retailer has an extensive local footprint, with more than 110 locations in New Jersey.
Advance Auto Parts to close over 700 stores after poor financial results
Advance Auto Parts revealed in a recent earnings report that it will be closing more than 700 locations following dismal financial results.
Advance Auto Parts to close hundreds of stores, slash jobs amid sluggish demand
The company reported it will close 523 corporate stores, exit 204 independent locations and shutter 4 distribution centers by mid 2025.
Advance Auto Parts shutting 500 stores, cutting jobs as fewer opt to repair cars
Advance Auto Parts said Thursday it will close about 500 stores by mid-2025 and cut some jobs under a restructuring effort, as demand for vehicle parts takes a hit from fewer consumers opting to repair their cars, sending its shares up 4.5% in afternoon trading.
Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations. The announcement came as the struggling car parts retailer posted disappointing quarterly results.
Advance Auto Parts to close over 700 locations: How many locations does NC have?
There are 293 Advance Auto Parts locations in N.C. The 30 located in WNC: Iris Seaton is the trending news reporter for the Asheville Citizen Times, part of the USA TODAY Network. Reach her at [email protected].
Advance Auto Parts announces plan to close over 700 locations
National retailer Advance Auto Parts announced Thursday it plans to close more than 700 locations in the coming years as the company works to address ongoing financial struggles. The closure announcement was made during the company’s third quarter earnings report.
Advance Auto Parts to close more than 700 stores. Which Florida locations are closing?
Another chain is cutting back. Advance Auto Parts announced it will be closing more than 700 locations by mid-2025.
This auto parts store is closing 500 locations. Which Arizona stores will be affected?
Vehicle parts supply company Advance Auto Parts announced that it will close 500 stores across the country. How is Arizona affected? What we know
Advance Auto Parts: Undervalued Turnaround Stock With Major Margin Expansion Ahead
AAP's sale of Worldpac boosts financial stability, cost-cutting measures in place to reach 7% operating margins by 2027.
BizTimes10h
Advance Auto Parts to close 6 Milwaukee stores
Raleigh, North Carolina-based Advance Stores Company, Inc., dba Advance Auto Parts, will close six stores in ...
Advance Auto Parts: Navigating Turnaround Strategy Amidst Execution Challenges and Market Adjustments
TD Cowen analyst Max Rakhlenko has maintained their neutral stance on AAP stock, giving a Hold rating on November 15.Don't Miss our Black ...