Advance Auto Parts plans closures of more than 500 stores - WWL …

19 hours ago · Advance Auto Parts plans to close more than 500 stores. Here's what we know The plan was announced during an earnings call where the company posted disappointing …

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Advance Auto Parts To Exit Western U.S. As It Closes More Than

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S hares of Advance Auto Parts Inc. pulled a sharp early U-turn to trade higher Thursday, ... including by closing more than 700 store locations. ... while the S&P 500 index has rallied 25.4%.

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FAQs about Advance Auto Parts plans closures of more than 500 stores - WWL … Coupon?

Why did Advance Auto Parts close more than 700 stores?

(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 stores across nearly every state, announced the decision as part of its third-quarter update to investors. ...

How many dvance Auto Parts stores will restructure by 2025?

A dvance Auto Parts announced on Thursday that it would cut jobs and close more than 500 stores by mid-2025 to restructure, according to Reuters. The car care chain plans to close 523 corporate stores and exit 204 independent locations and close four distribution centers as part of its restructuring effort, Reuters reports. ...

How many Advance Auto Parts stores are in Florida?

The company’s footprint is expected to be cut by 523 Advance Auto Parts corporate stores, 204 independent locations and four distribution centers, the press release noted. A list of stores expected to shutter was not immediately available. Advance Auto Parts has more than 500 locations in Florida, more than in any other state. ...

When will Advance Auto Parts open a market hub?

According to Thursday’s update, the company plans to open 60 market hub locations by mid-2027. CNN reports that Advance Auto Parts lowered its full-year outlook again after previously citing “the weight of an uncertain macroeconomic climate” consumers “continue to feel.” ...

Why does Advance Auto Parts have high labor costs?

The company also said it incurred high labor-related expenses due to wage investments in frontline team members that were partially offset by a reduction in marketing expenses, the release said. Advance Auto Parts serves both professional installers and do-it-yourself customers, its website says. ...

How many Advance Auto & Carquest stores are there?

As of Oct. 5, Advance operated 4,781 Advance Auto (4,492) and Carquest (289) branded stores, primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. It's largest market is Florida, where it operates 522 stores. In 2024, through Oct. 5, the company said it opened 23 stores and closed 29. ...