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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 automotive part supply chain is downsizing due to decreasing sales.
For the record: 6:07 p.m. Nov. 21, 2024: An earlier version of this story incorrectly said the auto parts industry is a roughly $300 million industry.It should have said a roughly $300 billion ...
[19] [20] [21] Upon merger, Parts America stores were rebranded Advance Auto Parts and the website partsamerica.com became a web only store for Advance Auto Parts. With financial backing from Sears, Advance Auto Parts decided to make the partsamerica.com into a portal for web purchasing of auto parts as part of a joint venture with CSK Auto. [22]
Advance Auto Parts announced on Thursday that it is closing at least 500 corporate stores by mid-2025, and exiting another 200 independent locations.
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, slash jobs ...
Advance Auto Parts will close hundreds of stores across the country, as well as four distribution centers, due to a lower demand for vehicle parts.. The company announced the news this week with ...
The reduction will result in closing roughly 500 corporate-owned stores plus about 200 independently operated locations. The company did not immediately provide a full list of locations set to close.