Advance Auto Parts to exit Western U.S. as it closes more than 700 ...

10 hours ago · Shares of Advance Auto Parts Inc. pulled a sharp early U-turn to trade higher Thursday, after the company laid out its plan to return to sales growth and to boost margins, …

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Advance Auto Parts To Close Over 700 Locations By Mid-2025 Amid …

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9 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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Breaking News: Advance Auto Parts Selling Worldpac For $1.5 Billion

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Aug 22, 2024 · Advance Auto Parts announced the sale of Worldpac, Inc., an automotive parts wholesale distribution business that generated $2.1 billion in revenue and approximately $100 …

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Advance Auto Parts To Cut Costs By $150M, Sell 2 Business Units, …

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Nov 15, 2023 · Advance Auto Parts expects full-year earnings to be $1.40 to $1.80 per share, with revenue in the range of $11.25 billion to $11.3 billion. ... who is 46, the company said he …

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Advance Auto Parts To Sell Distributor Worldpac To PE Firm For $1.5B

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The transaction is expected to close before the end of the year. Newark, CA-based Worldpac — an equipment and quality aftermarket replacement parts importer and distributor — generated …

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Advance Auto To Cut $150 Million In Costs, Sell Two Subsidiaries

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By Chris Roush. 11/15/2023. Raleigh-based Advance Auto Parts said Wednesday it is initiating a plan to cut $150 million in costs and that it would try to sell its Canadian business and its …

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FAQs about Advance Auto Parts to exit Western U.S. as it closes more than 700 ... Coupon?

Will Advance Auto Parts close 500 stores by mid-2025?

(Reuters) -Advance Auto Parts said on Thursday it will close about 500 stores by mid-2025 and cut some jobs 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. ...

Why did Advance Auto Parts pull a sharp U-turn?

S hares of Advance Auto Parts Inc. pulled a sharp early U-turn to trade higher Thursday, after the company laid out its plan to return to sales growth and to boost margins, including by closing more than 700 store locations. ...

Will Advance Auto leave western states?

The company will leave entire markets in Western states over the next few months while reducing its footprint in the eastern United States. During an earnings call Thursday, Advance Auto CEO Shane O’Kelly said profitability was a key metric driving which locations would remain open. ...

Why did a dvance auto parts close 523 stores?

A dvance Auto Parts is the latest chain to announce store closures in an effort to restructure into profitability. The car parts retailer announced on Thursday that it plans to close 523 corporate stores. exit 204 independent locations and close four distribution centers, according to Reuters. ...

How many Advance Auto Parts stores are in Florida?

There are over 520 Advance Auto Parts stores currently in operation in Florida. That total includes 30 in Miami, 26 in Jacksonville, 23 in Orlando, 20 in Tampa, 11 in Fort Myers, and seemingly at least one in most Florida cities. You can find your closest Advance Auto Parts location using the store locator on the chain's website. ...

Why did Advance Auto Parts Move to Raleigh?

“We’re willing to do the things that we need to do to be successful,” he said. Advance Auto Parts 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. ...