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 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 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.
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 to Close Hundreds of Stores; Stock Jumps
KEY TAKEAWAYS Advance Auto Parts shares surged after the auto retailer announced plans Thursday to close hundreds of stores as it posted a surprise quarterly loss. As part of a new three-year turnaround plan,
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 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 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 years,
Advance Auto Parts plans to close more than 500 stores. Here's what we know
At the start of 2024, Advance Auto Parts had 4,786 stores across the U.S. Representatives declined to provide a list of stores that would be part of the mass closings, pointing instead to the publicly available investor data released as part of the earnings call.
Advance Auto Parts to close more than 700 locations
Advance Auto Parts is currently the fourth-largest chain of auto parts stores in the U.S., with dozens of locations in the Miami Valley.
Advance Auto Parts to close more than 700 locations by mid-2025
As of October 5, 2024, Advance operated 4,781 stores primarily within the United States, with additional locations in Canada, ...
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>> ...
Advance Auto Parts (NYSE:AAP) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops 13.2%
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Advance Auto Parts initiates strategic objectives to improve profitability after disappointing Q3
Weighed down by the impacts from Hurricane Helene, downtime associated with the CrowdStrike outage, higher production costs, ...