S hares 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 is closing more than 500 shops nationwide. The retailer has more than 100 locations in Kentucky.

Advance Auto Parts plans to close more than 500 stores by 2025. Here's what to know about how Ohio is affected.

Advance Auto Parts executives announced Thursday that the company will be closing 523 corporate stores through 2027.

The company, which sells car batteries, motor oil and more, has seen sales slide and is closing some locations in the hopes of boosting its business.

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 announced Thursday it would attempt to cut company losses with the closure of over 700 locations across the US.

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 said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.