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Another chain store announced it is closing locations.
A week after JoAnne Fabrics announced it was closing stores;
Advance Auto Parts is continuing in its plan to shutter hundreds of stores and
four distribution centers in 2025.
The company made the announcement in a mid week earnings call after initially announcing
the closures in November 2024.
In releasing its fourth-quarter report Wednesday, the
company reiterated its plans to close approximately 500 corporate stores, 200
independent locations and four distribution centers by mid-2025 as part of a
"restructuring plan" initially laid out in 2024.
The company said it hopes to improve business performance by
focusing on "core retail improvements" with hopes of achieving
"consistent profitable growth."
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The plan includes the consolidation of distribution centers
to operate 12 large facilities by the end of 2026, the opening of 60 market hub
locations by mid-2027, and speeding up the pace of new store openings,
according to the news release.
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Advance Auto Parts' stock plummeted by roughly 18% Wednesday
afternoon as investors reacted to the company's 2025 sales guidance, The Motley
Fool reported.
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How many Advance Auto Parts stores are there? How many are
closing?
Headquartered in Raleigh, North Carolina, Advance Auto Parts
operates more than 4,700 stores in the United States, Canada, Puerto Rico and
the U.S. Virgin Islands. According to its website, the company also serves
1,125 independently owned Carquest-branded stores across these locations, in
addition to Mexico and some Caribbean islands.
In a regulatory filing, the company reported
it plans to close 523 corporate stores, leave 204 independent locations,
and shut down four distribution centers.
How many Advance Auto Parts stores are in Pennsylvania?
There are 255 Advanced Auto Parts stores in Pennsylvania.
Here's a list of Advanced Auto Parts stores and Carquest stores in Bucks County
and Eastern Monaco. It is not clear at this time if any of these area locations
are closing.
Advanced Auto Parts
56 W Lincoln Hwy, Penndel
1971 Street Road, Bensalem
30 W St Road, Feasterville Trevose
403 S Oxford Valley Road, Fairless Hills
197 Kenwood Drive N Ste A, Levittown
833 W Trenton Ave, Morrisville
4939 W Swamp Road, Doylestown
55 S West End Blvd, Quakertown
420 York Road, Warminster
1509 Easton Road, Willow Grove
462 N Easton Road, Glenside
788 PA-113, Souderton
100 N Wales Road, North Wales
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