RESTRUCTURING · FEBRUARY 2025 · IN PROGRESS
Advance Auto Parts Overhauls Retail Footprint with Massive Store Closure Program and Targeted Expansion Strategy
In a significant strategic pivot to address financial underperformance, Advance Auto Parts announced a comprehensive restructuring plan in 2025. This involves the closure of over 700 underperforming locations, including corporate and independently owned stores and distribution centers, to be completed by mid-2025. Concurrently, the company is strategically opening new stores and 'market hubs' in key markets to enhance supply chain efficiency and product availability.