Marketing

Advance Auto Parts closing 700 stores by mid year

Photo: Refrina - stock.adobe.com

March 21, 2025

Advance Auto Parks plans to shutter 700 locations by mid year as well as four distribution centers in 2025.

The plans to close about 500 corporate stores and 200 independent locations were announced in the brand's fourth quarter report, according to a press release, and described as a "restructuring plan."

The retailer's fourth quarter 2024 net sales totaled $2 billion, a decrease of 0.9% compared with the prior year. Comparable store sales for the fourth quarter 2024 decreased 1%.

"During 2024, we initiated transformative actions to reposition Advance for long-term success and value creation," Shane O'Kelly, president and CEO, said in the release.