Advance Auto Parts to Close 523 Corporate Stores And Exit 200 Independent Locations

Retail
Written By Rick Watson

Advance Auto Parts is a leading automotive parts retailer focused on enhancing profitability and reversing declining sales through strategic closures, asset optimization, and operational improvements across its retail network.

Advance Auto Parts, an automotive parts retailer, is set to close over 700 locations and four distribution centers as part of a restructuring by mid-2025. The company estimates total costs of $350 million to $750 million from the closures. Earlier this month, Advance Auto Parts completed the sale of automotive parts wholesaler Worldpac to global investment firm Carlyle for $1.5 billion. Advance Auto Part believes it is on a journey to improve its adjusted operating income margin by more than 500 basis points through fiscal 2027.

Chain Store Age: Advance Auto Parts to close 523 corporate stores, exit 200 independent locations

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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