National chain of car parts stores to shutter more than 700 locations across the country

Advance Auto Parts, a national auto parts retailer, has announced its plan to close over 700 stores nationwide by mid-2025, as detailed in the company’s earnings report from November 2024. This decision includes the closure of 523 corporate stores, 204 independent franchises, and four distribution centers. Known for its DIY approach, Advance Auto Parts has a significant presence in Massachusetts, with 87 stores in the state and over 200 locations throughout New England. According to the company’s website, there are currently 4,781 Advance Auto Parts stores operating in the United States as of October 5, 2024.

While the exact timing and specific locations of the closures have not been disclosed by Advance Auto Parts, they are part of the company’s broader strategy to enhance its retail stores and accelerate the opening of new ones. In the company’s earnings report, President and CEO Shane O’Kelly emphasized the importance of implementing core retail fundamentals to boost the productivity of assets and create shareholder value. This approach is reflected in the introduction of a new three-year financial plan to guide Advance Auto Parts’ future endeavors.

The decision to close more than 700 locations comes at a critical time for the company as it seeks to streamline its operations and improve overall efficiency. By consolidating resources and focusing on core retail principles, Advance Auto Parts aims to position itself for sustainable growth and success in the competitive auto parts industry. As the retail landscape continues to evolve, companies like Advance Auto Parts must adapt and innovate to remain relevant and meet the changing needs of customers.

Amidst these closures, Advance Auto Parts remains committed to its customers and plans to continue providing exceptional service and quality products to automotive enthusiasts across the country. While the closures may result in changes for some loyal customers, the company’s overarching goal is to enhance the overall customer experience and drive long-term value for shareholders.

In conclusion, Advance Auto Parts’ decision to close over 700 stores nationwide reflects the company’s proactive approach to optimizing its operations and fortifying its position in the market. By focusing on core retail fundamentals and strategic growth initiatives, Advance Auto Parts is poised to navigate the evolving retail landscape and emerge stronger than ever. While closures may bring some challenges, they are ultimately intended to pave the way for a more efficient and customer-centric future for the company.