Advance Auto Parts closes hundreds of its stores | AP News

13 hours ago · NEW YORK (AP) — Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations as part of its efforts to revive its struggling …

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Advance Auto Parts Stores Closing: 731 Locations Around US To …

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17 hours ago · The Advance Auto Parts' gross profit increased 11% in the third quarter of 2024 compared to the 36.9% increase in 2023's third quarter. Executives said the extreme dip in …

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FAQs about Advance Auto Parts closes hundreds of its stores | AP News Coupon?

Why did Advance Auto Parts close hundreds of stores?

Advance Auto Parts (AAP) said Thursday that it plans to close hundreds of stores as the auto parts retailer recorded a surprise quarterly loss. The company's shares surged as much as 10% soon after the market open, as investors cheered the news, although its stock is down by over a quarter this year. ...

Where is Advance Auto Parts located?

FILE - Advance Auto Parts headquarters, in Roanoke, Va., is shown, Oct. 16, 2013. (Stephanie Klein-Davis/The Roanoke Times via AP, File) NEW YORK (AP) — Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations as part of its efforts to revive its struggling business. ...

Does Advance Auto have a US footprint?

North Carolina-based Advance Auto said Thursday that it would be reducing its U.S. footprint as part of a “strategic plan to improve business performance.” The company said it is shuttering a total of 523 of its Advance corporate stores, as well as four distribution centers,... ...

How did Advance Auto Parts perform in the third quarter?

In the third quarter, Advance reported an adjusted loss of 4 cents per share — down from a loss of $1.19 a year ago. For the full 2024 year, it said it expects earnings to be between a loss of 60 cents per share and breakeven. Advance Auto Parts completed the sale of auto parts wholesaler Worldpac on Nov. 1 for $1.5 billion. ...

Does SFGate share information about the closings of advanced auto parts?

SFGATE reached out to Advanced Auto Parts for comment on the closings, but the company said it is not currently sharing anything beyond what is publicly available in the earnings materials. The Associated Press contributed to this report. Kasia Pawlowska is the local editor at SFGATE. ...

How many Carquest stores does Advance Auto have?

As of Oct. 5, Advance Auto operated more than 4,780 stores and served 1,125 independently owned, Carquest-branded locations. Shares of the company closed up less than 1% Thursday, but the stock is down 33% year to date. ...