Advance Auto Parts to exit Western U.S. as it closes more than 700 locations
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, including by closing more than 700 store locations.
Advance Auto Parts is closing more than 700 locations
Advance Auto Parts is closing more than 700 locations to shore up the company’s finances following another dismal earnings report.
Auto parts retailer to close more than 700 locations
Advance Auto Parts plans to close more than 500 locations as part of what it described as a strategic plan to improve business performance. The auto parts retailer made the announcement in its third-quarter financial report.
Advance Auto Parts plans to close over 700 stores. How many locations are in Iowa?
Advance Auto Parts plans to close more than 700 stores after a dip in profits reported in the company's most recent quarterly report. The company announced the store closure plan Thursday after gross profits increased 11% in the third quarter of 2024.
Advance Auto Parts to close more than 700 stores. Which Florida locations are closing?
Another chain is cutting back. Advance Auto Parts announced it will be closing more than 700 locations by mid-2025.
Advance Auto Parts announces plan to close over 700 locations
Advance Auto Parts says it is on track to do $9 billion in revenue for the year. While a full list of locations that will be closed was not released by the company, it is confirmed that 523 Advance corporate stores and 204 independent locations will be closing in the coming years.
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