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.
Raleigh-based Advance Auto Parts to close more than 700 stores, seeks financial rebound
Advance Auto Parts operates 4,781 stores, most in the U.S. It relocated from Roanoke, Virginia, to Raleigh in 2018 after North Carolina and local governments offered the company a combined $12 million in economic incentives. As part of the deal, the maker of aftermarket auto parts pledged to create 435 new jobs at its new corporate home.
Advance Auto Parts to close more than 700 locations by mid-2025
As of October 5, 2024, Advance operated 4,781 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. According to CNN, major chain stores are on track to close the highest number of stores in 2024 than in any year since 2020, when the pandemic decimated businesses.
NC-based Advance Auto Parts to close hundreds of stores
Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations to try to revive its struggling business, The Associated Press reported.North Carolina-based Advance Auto said Thursday that it would reduce its U.
Advance Auto Parts plans to close stores: Here's what we know about Michigan locations
The company said its gross profits grew compared to 2023, but it will close hundreds of stores while opening others.
Advance Auto Parts to close hundreds of stores; stock jumps
Advance Auto Parts said Thursday that it plans to close more than 700 stores after the auto parts retailer recorded a surprise quarterly loss.
Auto parts chain with Bay Area locations to close hundreds of stores
Advance Auto Parts, a major supplier of aftermarket replacement parts and accessories, announced plans to shutter over 700 stores by mid-2025.
Advance Auto Parts to close stores, cut jobs amid sluggish demand
Advance Auto Parts said on 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.
Advance Auto Parts to Close Stores as Sales Pressure Persists
Advance Auto Parts said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.
Advance Auto Parts to exit Western U.S. as it closes more than 700 locations
Shares of Advance Auto Parts Inc. pulled a sharp early U-turn to trade higher Thursday, after the company laid out its plan to return to sales growth and to boost margins, including by closing more than 700 store locations.
Advance Auto Parts closing hundreds of locations following sluggish performance
Advance Auto Parts announced that it will close over 700 locations, including corporate stores and independently-owned locations, as part of a financial restructuring effort.
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Advance Auto Parts to layoff hundreds worldwide including jobs at Raleigh headquarters
Advance Auto Parts confirms plans to lay off hundreds, including positions at its Raleigh headquarters. Wednesday, the automotive parts giant announced the company will be making layoffs globally. A ...
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Advance Auto Parts opening new Lehigh Valley store
Colliers, a leading diversified professional services and investment management company, has announced it has facilitated the lease for a new Advance Auto Parts store at 4750 W. Tilghman Street ...
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New Advance Auto Parts store to open in Allentown
The automotive aftermarket parts chain Advance Auto Parts will open a new Allentown location by the end of the year. The roughly 7,000-square-foot store will open at 4750 Tilghman St., next to ...
Advance Auto Parts Provides Weak FY24 Outlook On Continuing Operations Basis - Update
While reporting financial results for the third quarter on Thursday, automotive aftermarket parts provider Advance Auto Parts Inc.