Advance Auto Parts Closing Hundreds of Stores in Turnaround Effort
More than 200 franchises will shutter, as well as more than 500 corporate stores as the chain retrenches in the face of ongoing losses.
Advance Auto Parts to close 700+ stores by 2025, cutting jobs
The company's turnaround plan states Advance Auto Parts aims to “improve business performance with a focus on core retail improvements” and show significant performance improvement by 2027.
Advance Auto Parts to close more than 500 stores, 200 independent locations
Some stores and distribution centers will be made into “market hubs,” company officials said. There were more than 4,780 corporate stores and another 1,125 independent locations in the U.S., Canada, Mexico and some Caribbean islands, the AP reported.
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 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.
Advance Auto Parts Shuttering Hundreds Of Stores, Handful Of Warehouses
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 to Close Over 700 Locations Amid Business Restructuring
Advance Auto Parts, a leading automotive parts retailer, announced a significant restructuring plan on Thursday, aimed at reviving its struggling business. The North Carolina-based company will close more than 500 corporate stores and exit 200 independent locations across the United States.
Advance Auto Parts to close over 700 stores after poor financial results
The company currently operates more than 4,780 stores and 1,125 independently owned, Carquest-branded locations.
Advance Auto Parts closing more than 700 stores across the US
A news release from Advance Auto Parts said the closures include 523 Advance corporate stores, 204 independent locations and four distribution centers.
Advance Auto Parts plans to close over 700 stores. How many locations are in Iowa?
Iowa has 37 Advance Auto Parts locations. Des Moines has the largest presence of stores in the state with six locations in the capital city and stores in Ankeny and Urbandale. Other locations include Ames, Coralville, Davenport and Iowa City, among others.
Advance Auto Parts Is Closing Hundreds of Stores in an Effort to Turn Its Business Around
Advance Auto still outlined some wider turnaround efforts in Thursday's announcement. Despite these sizeable closures, the company noted goals like an “acceleration in pace of n
Advance Auto Parts: Restructuring Risks and Ambitious Goals Amid Hold Rating
Advance Auto Parts (AAP – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst ...
Advance Auto Parts closing 700 stores
Advance Auto Parts is tightening its belt as the company's stock price continues its downward trend. Advance Auto Parts (NYSE ...