Advance Auto Parts Closing Several Stores

Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations as part of its efforts to revive its struggling business.

North Carolina-based Advance Auto said last week that it would be reducing its U.S. footprint as part of a strategic plan to improve business performance. The company said it is shuttering a total of 523 of its Advance corporate stores, as well as 4 distribution centers, and exiting 204 independent locations by the middle of next year.

Specific locations and the number of employees expected to be impacted was not immediately disclosed. But, it’s been rumored that the Pulaski location will close in January of 2025.

Advance Auto posted a loss of $6 million in its third quarter on revenue of $2.15 billion. The company also lowered its full-year revenue outlook for the second consecutive quarter.

The company has seen waning sales since the start of the year, and is making efforts to boost its balance sheet.

Advance Auto primarily operates in the U.S., but also has some corporate stores and independent locations in Canada, Mexico and various Caribbean islands.