Advance Auto Parts to Close Over 700 Stores Amid Strategic Shift
TL;DR Summary
Advance Auto Parts announced plans to close over 700 locations by mid-2025 as part of a strategy to enhance business performance and focus on core retail improvements. This includes shutting down approximately 500 corporate and 200 independently-owned stores. The company, which operates nearly 4,800 stores primarily in the U.S., did not specify which locations will be affected. This move aligns with a broader trend of major chain store closures expected to peak in 2024.
Topics:business#advance-auto-parts#business#business-strategy#corporate-restructuring#retail#store-closures
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