Advance Auto Parts to Close Stores

Advance Auto Parts to Close Stores as Sales Outlook Misses Views
Advance Auto Parts AAP2.58%increase; green up pointing triangle said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations, sending shares lower in premarket trading.
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. The car parts retailer, which has about 5,000 stores, said Thursday that the closures are part of its “strategic plan to ...
Advance Auto Parts to close stores, cut jobs amid sluggish demand
Nov 14 (Reuters) - Advance Auto Parts (AAP.N), opens new tab said on 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.
Advance Auto Parts Closes on Sale of Worldpac to Carlyle
Advance Auto Parts, Inc. announced the close of the sale of Worldpac, Inc. to global investment firm Carlyle on November 4. The sale agreement was announced on Aug. 22, 2024 with a transaction value of $1.5 billion. The company said it estimates net proceeds of approximately $1.2 billion after taxes and transaction costs.
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.
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