Advance Auto Parts to close over 700 stores

Advance Auto Parts shutting 500 stores, cutting jobs as fewer opt to repair cars
Advance Auto Parts said Thursday it will close about 500 stores by mid-2025 and cut some jobs under a restructuring effort, 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.
Advance Auto Parts Closing Hundreds of Stores in Turnaround Effort
More than 200 franchises will shutter, as well as more than 500 corporate stores as the chain retrenches in the face of ongoing losses.
Advance Auto Parts to close hundreds of stores, slash jobs amid sluggish demand
The company reported it will close 523 corporate stores, exit 204 independent locations and shutter 4 distribution centers by mid 2025.
Advance Auto Parts to close hundreds of stores; stock jumps
Advance Auto Parts said Thursday that it plans to close more than 700 stores after the auto parts retailer recorded a surprise quarterly loss.
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.
Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
North Carolina-based Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations. The announcement came as the struggling car parts retailer posted disappointing quarterly results.
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