Advance Auto Parts’ stock falls after a quarterly loss, and release of a plan to close more than 500 company stores and four distribution centers.

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

Advance Auto Parts is closing at least 500 corporate stores by mid-2025 and exiting another 200 independent locations, the company announced Thursday. Advance Auto Parts serves both professional installers and do-it-yourself customers, according to its ...

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.

Amid a year of sagging sales, Advance Auto Parts said it plans on closing more than 700 locations by mid-2025. The company said it will shut down 727 of its 4,492 stores. Of those 727 stores to close, 523 are corporate owned while the other 204 are independently owned. A list of closing locations was not immediately available.

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,

The company reported it will close 523 corporate stores, exit 204 independent locations and shutter 4 distribution centers by mid 2025.

More than 200 franchises will shutter, as well as more than 500 corporate stores as the chain retrenches in the face of ongoing losses.