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