{"id":829824,"date":"2025-03-26T06:03:01","date_gmt":"2025-03-26T10:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/advance-auto-parts-opening-new-stores-after-completing-strategic-optimization-of-u-s-retail-footprint\/"},"modified":"2025-03-26T06:03:01","modified_gmt":"2025-03-26T10:03:01","slug":"advance-auto-parts-opening-new-stores-after-completing-strategic-optimization-of-u-s-retail-footprint","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/advance-auto-parts-opening-new-stores-after-completing-strategic-optimization-of-u-s-retail-footprint\/","title":{"rendered":"Advance Auto Parts Opening New Stores After Completing Strategic Optimization of U.S. Retail Footprint"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Advance Auto Parts Opening New Stores After Completing Strategic Optimization of U.S. Retail Footprint<\/b><\/p>\n<p class=\"bwalignc\"><i>Leading automotive aftermarket parts provider also investing to improve customer experience, increase parts availability and speed of service with same-day delivery<\/i><\/p>\n<p>RALEIGH, N.C.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAdvance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth.\n<\/p>\n<p>\nOptimization of the retail footprint was key to Advance\u2019s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the Company\u2019s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.\n<\/p>\n<p>\nWith that phase complete, the Company now expects to open 30 new locations in the United States in 2025 and at least an additional 100 new locations through 2027, including larger \u201cmarket hubs.\u201d\n<\/p>\n<p>\nSince the beginning of this year, Advance has opened six new stores in Florida, New Jersey, Tennessee and Virginia. Over the next several months, the company expects to open additional stores to serve customers across communities in Florida, Illinois, Maryland, Ohio, Virginia and Wisconsin.\n<\/p>\n<p>\nAdvance is also continuing the expansion of market hubs with new openings soon in the Midwest. These larger stores will increase availability of parts by placing approximately 75,000 to 85,000 SKUs closer to customers and other local Advance stores, as well as improve Advance\u2019s speed of service with same-day delivery of parts. By comparison, typical Advance stores carry between 20,000 to 25,000 SKUs.\n<\/p>\n<p>\n\u201cAdvance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,\u201d said Shane O\u2019Kelly, president and chief executive officer. \u201cWe are excited about what\u2019s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.\u201d\n<\/p>\n<p>\nIn addition to new store openings, Advance is creating a better customer experience. The Company\u2019s previously announced incremental capital expenditure plan includes additional investments in existing stores related to IT infrastructure, equipment, store repairs and improved inventory and delivery. Advance is also providing additional training to team members to enhance customer experience.\n<\/p>\n<p><b>About Advance Auto Parts<\/b><\/p>\n<p>\nAdvance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The company also served 934 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.AdvanceAutoParts.com&amp;esheet=54228572&amp;newsitemid=20250326356302&amp;lan=en-US&amp;anchor=www.AdvanceAutoParts.com&amp;index=1&amp;md5=f03a9abed3678856d9e484c1403a9eb4\">www.AdvanceAutoParts.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nCertain statements herein are \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast, \u201cguidance,\u201d \u201cintend,\u201d \u201clikely,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cposition,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cprobable,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201cstrategy,\u201d \u201ctarget,\u201d \u201cwill,\u201d or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about the Company\u2019s strategic initiatives, restructuring and asset optimization plans, store and location opening plans, operational plans and objectives, and statements regarding expectations for future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the Company\u2019s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the Company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the Company\u2019s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, risks associated with the Company\u2019s restructuring and asset optimization plans, deterioration of general macroeconomic conditions, geopolitical factors including increased tariffs and trade restrictions, the highly competitive nature of the industry, demand for the Company\u2019s products and services, risks relating to the impairment of assets, including intangible assets such as goodwill, access to financing on favorable terms, complexities in the Company\u2019s inventory and supply chain and challenges with transforming and growing its business. Please refer to \u201cItem 1A. Risk Factors\u201d of the company\u2019s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (\u201cSEC\u201d), as updated by the company\u2019s subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250326356302r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250326356302\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250326356302\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>Lavesh Hemnani<br \/>\n<br \/>T: (919) 227-5466<br \/>\n<br \/>E: <a rel=\"nofollow\" href=\"mailto:invrelations@advanceautoparts.com\">invrelations@advanceautoparts.com<\/a><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Nicole Ducouer<br \/>\n<br \/>T: (984) 389-7207<br \/>\n<br \/>E: <a rel=\"nofollow\" href=\"mailto:Nicole.Ducouer@advance-auto.com\">Nicole.Ducouer@advance-auto.com<\/a><\/p>\n<p>\n\u00a0\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Canada West Virginia Virginia North Carolina New York Florida District of Columbia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Retail Aftermarket Automotive Specialty Automotive Manufacturing General Automotive Manufacturing Retail<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250326356302\/en\/2419593\/3\/AAP_Primary_HZ_RGB_Rev.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Advance Auto Parts Opening New Stores After Completing Strategic Optimization of U.S. Retail Footprint Leading automotive aftermarket parts provider also investing to improve customer experience, increase parts availability and speed of service with same-day delivery RALEIGH, N.C.&#8211;(BUSINESS WIRE)&#8211; Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth. Optimization of the retail footprint was key to Advance\u2019s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the Company\u2019s stores are in markets where the company has the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/advance-auto-parts-opening-new-stores-after-completing-strategic-optimization-of-u-s-retail-footprint\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Advance Auto Parts Opening New Stores After Completing Strategic Optimization of U.S. Retail Footprint&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-829824","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Advance Auto Parts Opening New Stores After Completing Strategic Optimization of U.S. Retail Footprint - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/advance-auto-parts-opening-new-stores-after-completing-strategic-optimization-of-u-s-retail-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advance Auto Parts Opening New Stores After Completing Strategic Optimization of U.S. Retail Footprint - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Advance Auto Parts Opening New Stores After Completing Strategic Optimization of U.S. Retail Footprint Leading automotive aftermarket parts provider also investing to improve customer experience, increase parts availability and speed of service with same-day delivery RALEIGH, N.C.&#8211;(BUSINESS WIRE)&#8211; Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth. Optimization of the retail footprint was key to Advance\u2019s broader transformation plan to reposition the company for long-term success. 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(NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth. Optimization of the retail footprint was key to Advance\u2019s broader transformation plan to reposition the company for long-term success. 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