Advance Auto Parts store closures: What to know as 700 locations are set to shutter by mid-2025 [USA TODAY]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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Source: USA TODAY
In releasing its fourth-quarter report Wednesday , the company reiterated its plans to close approximately 500 corporate stores, 200 independent locations and four distribution centers by mid-2025 as part of a "restructuring plan" initially laid out in 2024. "During 2024, we initiated transformative actions to reposition Advance for long-term success and value creation," said Shane O'Kelly, president and chief executive officer, in a news release Wednesday. The company said it hopes to improve business performance by focusing on "core retail improvements" with hopes of achieving "consistent profitable growth." The plan includes the consolidation of distribution centers to operate 12 large facilities by the end of 2026, the opening of 60 market hub locations by mid-2027, and speeding up the pace of new store openings, according to the news release. Need a break? Play the USA TODAY Daily Crossword Puzzle. Advance Auto Parts' stock had plummeted by roughly 18% Wednesday aftern
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AAP
Earnings
- 10/30/25 - Beat
AAP
Sec Filings
- 12/5/25 - Form 4
- 11/14/25 - Form 4
- 11/14/25 - Form 144
- AAP's page on the SEC website