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 to close over 700 locations. How could Wisconsin be affected?
Advance Auto Parts announced it will be closing more than 700 locations across the U.S. in its third quarter earnings report. The chain will close 523 corporate stores, exit 204 independent locations and close four distribution centers as part of a restructuring effort,
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
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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 ...