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 closing hundreds of locations following sluggish performance
Advance Auto Parts announced that it will close over 700 locations, including corporate stores and independently-owned locations, as part of a financial restructuring effort.
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 announces plan to close over 700 locations
National retailer Advance Auto Parts announced Thursday it plans to close more than 700 locations in the coming years as the company works to address ongoing financial struggles. The closure announcement was made during the company’s third quarter earnings report.
Advance Auto Parts to close more than 500 stores, exit 200 other locations
Advance Auto Parts’ stock falls after a quarterly loss, and release of a plan to close more than 500 company stores and four distribution centers.
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 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 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 700+ locations by mid-2025. Will Rhode Island 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.
Advance Auto Parts is closing more than 700 locations
Advance Auto Parts is closing more than 700 locations to shore up the company’s finances following another dismal earnings report.
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Advance Auto Parts Stock Rises. Closing Stores Matters More Than a Bad Quarter.
Advance Auto Parts stock was higher on Thursday despite a tough earnings report. “We are charting a clear path forward ...
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Advance Auto-Parts To Close More Than 700 Stores
Advance Auto Parts executives announced Thursday that the company planned to close hundreds of stores over the next several ...
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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, ...