Advance Auto Parts to exit Western U.S. as it closes more than 700 locations
Shares of Advance Auto Parts Inc. pulled a sharp early U-turn to trade higher Thursday, after the company laid out its plan to return to sales growth and to boost margins, including by closing more than 700 store locations.
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 is closing hundreds of stores in an effort to turn its business around
Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations. The announcement came as the struggling car parts retailer posted disappointing quarterly results.
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 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 Hundreds of Stores; Stock Jumps
Advance Auto Parts said Thursday that it plans to close more than 700 stores after the auto parts retailer recorded a surprise quarterly loss.
Advance Auto Parts to close stores, cut jobs amid sluggish demand
Advance Auto Parts 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
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 700+ locations by mid-2025. How it could impact Vermont
Advance Auto Parts is closing over 700 locations nationwide by mid-2025 due to underperforming sales, according to the company's third quarter earnings report released on Nov. 14.
Advance Auto Parts closing more than 700 stores across the US
A news release from Advance Auto Parts said the closures include 523 Advance corporate stores, 204 independent locations and four distribution centers.
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.
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Advance Auto Parts Stock Rises. Closing Stores Matters More Than a Bad Quarter.
Advance Auto Parts stock was higher on Thursday despite a tough earnings report. “We are charting a clear path forward ...
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Advance Auto Parts to close over 700 stores. Here's how many stores operate in New York
Some New York Advance Auto Parts stores could close as the company announced the shuttering of over 700 of its stores ...
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>> ...
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Advance Auto Parts (AAP) Reports Q3 Earnings: What Key Metrics Have to Say
Advance Auto Parts (AAP) reported $2.15 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 21%. EPS of -$0.04 for the same period compares to -$0.82 a ...
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, ...