Advance Auto Parts said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.

The ubiquitous Advance Auto Parts will be less so in the next couple of years. The automotive parts retailer will shutter more than 700 locations by 2027. The move is part of an adjusted business plan following another disappointing earnings report.

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.