Advance Auto Parts shutting 500 stores, cutting jobs as fewer opt to...

By New York Post   |   2 years ago
Advance Auto Parts shutting 500 stores, cutting jobs as fewer opt to...

Advance Auto Parts will close 500 stores and cut jobs by mid-2025 due to decreased demand for vehicle parts. The restructuring aims to improve operating income margin by 500 basis points by 2027, incurring $350-750 million in costs.

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