Advance Auto Closing Stores, Reducing Headcount
In November 2024, Advance Auto announced its plan to shake-up its store portfolio. The company said it would close 500 corporate stores, 200 independently owned stores and four distribution centers by mid-2025.
Advance Auto Parts informed investors this week that the stores are still on track to close. There also will be a reduction in headcount among employees.
In 2024, the chain opened 42 stores while closing 40 locations. It ended the year with a total of 4,788 stores, up two stores from 2023. That total will look much different by the end of 2025 with the mass store closings in the works.
The first Advance Auto Parts locations to close have already been put up for sale. Hilco Real Estate Sales has listed the following stores are on the market:
Advance Auto Parts
Advance Auto Parts is more or less reshuffling the deck on its stores. The company announced in late 2024 that it is rolling out a “strategic plan” to reduce the number of its properties.
This includes:
- Closing 523 Advance Auto Parts corporate stores
- Exiting 204 independent locations
- Closing four distribution centers
An exact timeline for the company to enact the plan has not yet been announced. We do know Advance is targeting having its distribution centers consolidated into “13 large facilities” by 2026.