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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.
The company reported it will close 523 corporate stores, exit 204 independent locations and shutter 4 distribution centers by mid 2025.
Advance Auto Parts announced on Thursday that it is closing at least 500 corporate stores by mid-2025, and exiting another 200 independent locations.
From 2009 to 2013, Advance Auto Parts was a title sponsor of Monster Jam and sponsored a truck on the circuit called the Advance Auto Parts Grinder. 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 ...
In December 2019, Transformco sold the DieHard brand to Advance Auto Parts for $200 million. [29] Under this agreement, Sears and Kmart can continue to sell DieHard branded batteries through their stores while Advance Auto Parts has exclusive rights to the DieHard brand in the automotive and vehicular supplies and service industries. [30]
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He also supervised Best Buy Financial Services, Best Buy for Business, Magnolia Audio Video and Pacific Sales. In 2007 Jackson began transitioning to become the president and CEO of Advance Auto Parts, Inc. [4] Jackson was president and chief executive officer of Advance Auto Parts from January 2008 until current.
As of Oct. 5, Advance Auto operated more than 4,780 stores and served 1,125 independently owned, Carquest-branded locations. Shares of the company closed up less than 1% Thursday, but the stock is ...