Advance Auto Parts to Close Stores as Sales Pressure Persists
Advance Auto Parts said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.
Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations. The announcement came as the struggling car parts retailer posted disappointing quarterly results.
Advance Auto Parts to close 700+ locations by mid-2025. Will Massachusetts be affected?
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 parts retail chain has not yet announced which stores will be closing,
Advance Auto Parts to exit Western U.S. as it closes more than 700 locations
Shares of Advance Auto Parts Inc. pulled a sharp early U-turn to trade higher Thursday, after the company laid out its plan to return to sales growth and to boost margins, including by closing more than 700 store locations.
Advance Auto Parts to close over 700 locations by mid-2025 amid financial losses
Advance Auto Parts announced Thursday it would attempt to cut company losses with the closure of over 700 locations across the US.
Advance Auto Parts shutting 500 stores, cutting jobs as fewer opt to repair cars
Advance Auto Parts said Thursday it will close about 500 stores by mid-2025 and cut some jobs under a restructuring effort, as demand for vehicle parts takes a hit from fewer consumers opting to repair their cars, sending its shares up 4.5% in afternoon trading.
Advance Auto Parts plans to close over 700 stores. How many locations are in Iowa?
Iowa has 37 Advance Auto Parts locations. Des Moines has the largest presence of stores in the state with six locations in the capital city and stores in Ankeny and Urbandale. Other locations include Ames, Coralville, Davenport and Iowa City, among others.
Auto parts chain with Bay Area locations to close hundreds of stores
Advance Auto Parts, a major supplier of aftermarket replacement parts and accessories, announced plans to shutter over 700 stores by mid-2025.
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.
Advance Auto Parts To Close 731 Stores Amid Asset Optimization Program; Sees FY25 Revenue Below View
Following the completion of a comprehensive review of operational productivity, Advance Auto Parts on Thursday announced an Asset
Advance Auto Parts to Close Stores, Cut Jobs Amid Sluggish Demand
(Reuters) -Advance Auto Parts said on Thursday it will close about 500 stores by mid-2025 and cut some jobs as demand for vehicle parts takes a hit from fewer consumers opting to repair their cars, sending its shares up 4.5% in afternoon trading.
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Advance Auto Parts announces major closures
Advance Auto Parts plans to close more than 700 locations as part of a strategic plan to improve business performance.
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Advance Auto Parts (AAP) Reports Q3 Earnings: What Key Metrics Have to Say
Advance Auto Parts (AAP) reported $2.15 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 21%. EPS of -$0.04 for the same period compares to -$0.82 a ...
Advance Auto Parts initiates strategic objectives to improve profitability after disappointing Q3
Weighed down by the impacts from Hurricane Helene, downtime associated with the CrowdStrike outage, higher production costs, ...