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 will close more than 700 stores
Advance Auto Parts, one of Raleigh's two Fortune 500 companies, is closing hundreds of stores nationwide by mid-2025 as the company continues to restructure its finances under new leadership. Why it matters: Advance Auto has long had a presence in Raleigh,
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.
Raleigh-based Advance Auto Parts to close more than 700 stores, seeks financial rebound
Advance Auto Parts currently 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.
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 will close 700-plus stores as the list of struggling retailers grows
The auto-parts provider is the latest U.S. chain to downsize as consumers spend less due to rising prices. Advance Auto Parts, a leading automotive aftermarket-parts provider in North America that serves both professional installers and do-it-yourself customers,
Advance Auto Parts to close over 700 locations: How many locations does NC have?
Advance Auto Parts will close hundreds of stores across the country, as well as four distribution centers, due to a lower demand for vehicle parts. The company announced the news this week with the release of its third-quarter report on Thursday,
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 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 more than 500 stores. Will Kentucky shops be affected?
Advance Auto Parts is closing more than 500 shops nationwide. The retailer has more than 100 locations in Kentucky.
WSOC-TV3d
NC-based Advance Auto Parts to close hundreds of stores
RALEIGH — Advance Auto Parts is closing more than 500 stores ... Advance Auto, with its headquarters in Raleigh, still outlined some wider turnaround efforts in Thursday’s announcement.
The Hill3d
Advance Auto Parts to close more than 700 locations
(NEXSTAR) — A national auto parts retailer plans to close more than 700 locations as part of “a strategic plan to improve business performance.” Advance Auto Parts, which has more than 4,700 ...