Companies

Advance Auto Parts to Close 727 Stores Following Quarterly Loss

Car parts retailer Advance Auto Parts plans to close stores and cut jobs in a sweeping restructuring effort following a difficult quarter.
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Advance Auto Parts to Close 727 Stores Following Quarterly Loss
An Advance Auto Parts location is seen in Takoma Park, Md., on Aug. 22, 2024. Tierney L. Cross/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
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Advance Auto Parts has announced a major restructuring plan, including closing 727 stores and several distribution centers, after a challenging third quarter.

The auto parts retailer, which has more than 4,700 stores nationwide, announced the move on Nov. 14, while reporting its third-quarter 2024 financial results. The restructuring is part of a broader effort to optimize the company’s footprint and improve profitability as it reported a net loss of just more than $6 million, or $0.42 per share, for the quarter.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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