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Stock impact report

After widespread closures, Advance Auto Parts to open dozens of new locations [Yahoo! Finance]

Advance Auto Parts Inc. (AAP) 
Last advance auto parts inc. earnings: 2/18 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
As part of a three-year financial plan, Advance Auto Parts announced in November that it would close about 700 of its more than 4,700 stores in the U.S. At the time, the company said it aimed to standardize its “store operating model” and improve “labor productivity” while accelerating the “pace of new store openings.” Officials further discussed plans to open 60 market hub locations by mid-2027. On Wednesday, Advance Auto Parts confirmed it expects to open 30 new locations this year after completing “the store closure phase of its transformation plan.” As part of its “returning to growth phase, the company plans to open at least an additional 100 new locations through 2027, including the aforementioned market hubs. Mega Millions is changing: 7 thi Read more
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