Published: Nov. 15, 2024, 12:28 p.m.NEW YORK — Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations as part of its efforts to revive its struggling business.said Thursday that it would be reducing its U.S. footprint as part of a “strategic plan to improve business performance.
Advance Auto Parts store and mini distribution center at the Union Square Shopping Center in Susquehanna Township, 2021. Advance Auto on Thursday posted a loss of $6 million in its third quarter on revenue of $2.15 billion. The company also lowered its full-year revenue outlook for the second consecutive quarter.
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