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 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 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 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 could Wisconsin be affected?
Advance Auto Parts announced it will be closing more than 700 locations across the U.S. in its third quarter earnings report. The chain will close 523 corporate stores, exit 204 independent locations and close four distribution centers as part of a restructuring effort, according to its Nov. 14 earnings report.
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 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 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 more than 500 stores. Will Indiana shops be affected?
Advance Auto Parts is closing more than 500 shops nationwide. The retailer has more than 100 locations in Indiana.
Advance Auto Parts to close 6 stores in Milwaukee
Advance Auto Parts Co. announced last week it closing more than 700 stores nationwide, including six in Milwaukee. Each of the stores is expected to close between January and the beginning of March. The other stores in the Milwaukee and area suburbs will remain open.
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.
Advance Auto Parts: Undervalued Turnaround Stock With Major Margin Expansion Ahead
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Advance Auto Parts targets unproductive SKUs
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Advance Auto Parts: Navigating Turnaround Strategy Amidst Execution Challenges and Market Adjustments
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