After a US$1.5 billion disposal, Advance Auto Parts closes 15% of its stores

Featured image of the article After a US$1.5 billion disposal, Advance Auto Parts closes 15% of its stores

An article by Morgane Monteiro

Publication

21 November 2024 à 11h12

Updated on 25 November 2024 à 15h50

Reading time

1 minute

Publication: 21 November 2024 à 11h12, Updated on 25 November 2024 à 15h50

Reading time: 1 minute

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An article by Morgane Monteiro

Publication

21 November 2024 à 11h12

Updated on 25 November 2024 à 15h50

Reading time

1 minute

Publication: 21 November 2024 à 11h12, Updated on 25 November 2024 à 15h50

Reading time: 1 minute

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In the U.S.A., Advance Auto Parts (AAP, 69,000 employees at the end of 2023), the American auto parts specialist, announced a closure of 727 stores (523 Advance Auto Parts, 204 Carquest) and 4 distribution centres by mid-2025. 15% of the company’s stores network will close, including 71% of Carquest outlets. When asked by mind Retail about downsizing, AAP did not respond. The operation, estimated at between US$350 and US$750 million, follows the results for Q3 ended October 5, published on...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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