Raleigh-based Advance Auto Parts will close more than 700 stores
Advance Auto Parts, one of Raleigh's two Fortune 500 companies, is closing hundreds of stores nationwide by mid-2025 as the company continues to restructure its finances under new leadership. Why it matters: Advance Auto has long had a presence in Raleigh,
Advance Auto Parts Is Closing 727 Stores, 4 Distribution Centers to Stay Afloat
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.
Advance Auto Parts closing more than 700 stores across the US
A news release from Advance Auto Parts said the closures include 523 Advance corporate stores, 204 independent locations and four distribution centers.
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 after North Carolina and local governments offered the company a combined $12 million in economic incentives. As part of the deal, the maker of aftermarket auto parts pledged to create 435 new jobs at its new corporate home.
Advance Auto Parts is closing hundreds of stores amid waning sales
Advance Auto still outlined some wider turnaround efforts in Thursday’s announcement. Despite these sizeable closures, the company noted goals like an “acceleration in pace of
Advanced Auto Parts closing more than 700 across the US
A news release from Advanced Auto Parts said the closures include 523 Advance corporate stores, 204 independent locations and four distribution centers.
Advance Auto Parts to close hundreds of stores. Delaware stores' future unclear
Advance Auto Parts is closing corporate stores and leaving independent stores. It is unclear if any Delaware locations are affected.
Advance Auto Parts Faces Challenges with Disappointing Earnings, Strategic Adjustments, and Consumer Uncertainties
Robert Ohmes, an analyst from Bank of America Securities, reiterated the Sell rating on Advance Auto Parts (AAP – Research Report). The ...
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Advance Auto Parts plans to close more than 500 stores. Here's what we know
meaning they would lose the Advance Auto Parts branding and become independent. The company on Thursday reported a loss ...
Advance Auto Parts closing 700 stores
Advance Auto Parts is tightening its belt as the company's stock price continues its downward trend. Advance Auto Parts (NYSE ...
Advance Auto Parts: Navigating Turnaround Strategy Amidst Execution Challenges and Market Adjustments
TD Cowen analyst Max Rakhlenko has maintained their neutral stance on AAP stock, giving a Hold rating on November 15.Don't Miss our Black ...
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Advance Auto Parts Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Advance Auto Parts, Inc. AAP will release earnings results for its third quarter, before the opening bell on Thursday, ...
Raleigh-based Advance Auto Parts to close 700 stores
Advance Auto Parts is closing more than 700 stores and a handful of distribution centers, the Raleigh-based company disclosed ...