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On November 28, Advance acquired Discount Auto Parts, Inc., a regional auto parts chain with 671 stores in Florida, Alabama, Georgia, South Carolina, and Louisiana. [12] [13] Upon completion of this merger, Advance Auto Parts became a publicly traded company, listed as a common stock on the New York Stock Exchange under the symbol AAP. The year ...
The automotive part supply chain is downsizing due to decreasing sales.
Advance Auto Parts announced on Thursday that it is closing at least 500 corporate stores by mid-2025, and exiting another 200 independent locations.
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.. The automotive ...
[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]
Carquest Corporation is an American automotive parts distribution network that was sold and currently owned and operated by Advance Auto Parts via independent retailers associated with the network as "Carquest Auto Parts". As of October 4, 2014 Advance operated 5,305 stores, 109 Worldpac branches. Advance Auto Parts and Carquest Auto Parts ...