Advance Auto Parts is set to close 523 corporate stores and exit 204 independent locations as part of a multi-year strategy to boost profitability and streamline operations. The company revealed the closures during its quarterly investors call last week, alongside plans to consolidate its warehouse footprint and open 60 new locations by 2027.
The auto parts retailer also disclosed plans to shutter four distribution centers and consolidate its warehouse operations into 13 facilities by 2026, aiming to reduce costs and improve efficiencies.
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