Advance Auto Parts issues 'employee separations,' distribution center to close March 2025 [Yahoo! Finance]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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Source: Yahoo! Finance
Lawyers for Advance Auto Parts issued a WARN letter to Bakersfield Mayor Goh and Kern County Board of Supervisors Chairman David Couch saying a series of employee separations are on the way. Shafter Police Chief Kevin Zimmermann resigns from department The distribution center, located at 34928 Mcmurtrey Ave., will begin to layoff employees beginning Feb. 15, 2025, according to the letter issued on Nov. 14. Around 64 employees will be losing their jobs. The entire center is expected to close by March 29, 2025. Advance Auto Parts is is set to close over 700 of its more than 4,700 stores nationwide as part of “a strategic plan to improve business performance.” Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to KGET 17.
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News
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Los Angeles Times (CA)]Los Angeles Times
- More layoffs hit freight-related companies across US [Yahoo! Finance]Yahoo! Finance
- Bay Area stores among Advance Auto Parts closures: WARN notices [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts, Inc. (NYSE: AAP) had its price target raised by analysts at Evercore ISI to $45.00. They now have a "hold" rating on the stock.MarketBeat
AAP
Earnings
- 11/14/24 - Miss
AAP
Sec Filings
- 11/21/24 - Form 4
- 11/19/24 - Form 4
- 11/14/24 - Form 10-Q
- AAP's page on the SEC website