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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.
Advance Auto Parts is closing over 700 locations nationwide by mid-2025 due to underperforming sales, according to the company's third quarter earnings report released on Nov. 14.
Advance Auto Parts plans to close more than 725 locations around the country as well as four distribution centers on the West Coast. (Tierney L. Cross / Getty Images)
NEW YORK (AP) — Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations as part of its efforts to revive its struggling business. North Carolina-based Advance Auto said Thursday that it would be reducing its U.S. footprint as part of a “strategic plan to improve business performance.”
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] Advance became the title sponsor of the NASCAR Advance Auto Parts Weekly Series in 2020. [37]
Trak Auto – Mid-Atlantic, Midwest, and West Coast; founded by Robert Haft (Crown Books) in 1981; purchased and rebranded by Advance Auto Parts in 2002 [26] [27] Western Auto – nationwide, once had 1,800 locations, purchased by Sears in 1987 [28] [29] and sold to and rebranded by Advance Auto Parts in 1998 [30] [31]
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.
On April 20, 2017, Business Insider reported that the company was "quietly closing" more stores than it had initially announced and compiled a list of ten additional Sears and Kmart locations that were closing. [266] On April 22, Sears also announced plans to close 50 of its auto centers and 92 pharmacies within Kmart locations. [267]