Search results
Results from the WOW.Com Content Network
The nearly century-old auto parts retail giant announced on Thursday that it plans to close over 700 of its nearly 5,000 stores by mid-2025. Advance Auto Parts Is Closing 700 Locations Across the U.S.
Advance Auto Parts announced on Thursday that it is closing at least 500 corporate stores by mid-2025, and exiting another 200 independent locations. ... merchandise excellence and supply chain ...
The national auto supply chain plans to close more than 725 locations around the country as well as four distribution centers on the West Coast, Chief Executive Shane O’Kelly said in an earnings ...
And it pointed to supply-chain consolidation plans, noting that it expected to incur costs related to converting certain stores and distribution centers into “market hubs.” Advance Auto on Thursday posted a loss of $6 million in its third quarter on revenue of $2.15 billion.
In 2023, Advance Auto Parts took over as the official sponsor of the checkered flag in IndyCar. [36] Advance Auto Parts has served as a sponsor in NASCAR, where it is the official auto parts retailer of the sanctioning body. [37] The company sponsored the 2017 Advance Auto Parts Clash exhibition race at Daytona International Speedway. [38]
The automotive part supply chain is downsizing due to decreasing sales.
Advance also owns the name Western Auto Supply Company which is registered in Virginia. [citation needed] The Western Auto name was used by Advance Auto Parts in the Commonwealth of Puerto Rico and the Virgin Islands, where it was the largest such chain, until 2006 when the last company-owned store in St. Croix was closed. [24]
Carquest Corporation is an American automotive parts distribution network that was sold and currently owned and operated by Advance Auto Parts via independent retailers associated with the network as "Carquest Auto Parts". As of October 4, 2014 Advance operated 5,305 stores, 109 Worldpac branches. Advance Auto Parts and Carquest Auto Parts ...