Advance Auto Parts to Close Over 700 Stores Amid Declining Sales

Advance Auto Parts is closing over 700 stores across the U.S., including 523 corporate stores and 204 independent locations, as part of a strategic plan to improve business performance amid an uncertain macroeconomic climate. The company has also lowered its full-year outlook for the second consecutive quarter. This move is part of a broader trend in the retail sector, which has seen a significant increase in store closures this year due to economic pressures and changing consumer behavior.