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 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 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 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 plans to close over 700 stores. How many locations are in Iowa?
Iowa has 37 Advance Auto Parts locations. Des Moines has the largest presence of stores in the state with six locations in the capital city and stores in Ankeny and Urbandale. Other locations include Ames, Coralville, Davenport and Iowa City, among others.
Advance Auto Parts plans to close stores. Here's what we know about Michigan locations.
Advance Auto Parts announced on Thursday that it is closing at least 500 corporate stores by mid-2025, and exiting another 200 independent locations. The move comes as the company said in a release that its gross profit increased 11% in the third quarter of 2024 to $907 million compared to the same period a year ago.
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 Parks expects to close over 700 stores
(CNN)– Advance Auto Parts is closing more than 700 locations. The car parts retailer says the closures are part of its plan to improve business performance. The company recently announced another dismal earnings report and lowered its full-year outlook for the second quarter in a row.
Advance Auto Parts to exit Western U.S. as it closes more than 700 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 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.
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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 ...
Advance Auto Parts sees FY25 revenue $8.4B-$8.6B, consensus $11.34B
Advance Auto Parts sees FY25 revenue $8.4B-$8.6B, consensus $11.34B Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> ...
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Advance Auto Parts (AAP) Reports Q3 Loss, Misses Revenue Estimates
Advance Auto Parts (AAP) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.52. This compares to loss of $0.82 per share a year ago. These figures are adjusted ...