Major US car part company announces plans to close more than 700 stores nationwide
A major car parts company has announced the closure of more than 700 of its locations across the country. Advance Auto ...
Raleigh-based Advance Auto Parts to close more than 700 stores, seeks financial rebound
Advance Auto Parts currently operates 4,781 stores, most in the U.S. It relocated from Roanoke, Virginia, to Raleigh in 2018 ...
Advance Auto Parts to close over 700 stores after poor financial results
The company currently operates more than 4,780 stores and 1,125 independently owned, Carquest-branded locations.
Industry Demand Looks Healthy, but Advance Still Dealing With Bloated Costs, Part Availability Woes
While we do not foresee any immediate threats to Advance’s solvency, we acknowledge that its weakening cash flow generation and recent credit rating downgrade provides some financial uncertainty.