Advance Auto Parts is closing over 700 stores and four distribution centers as part of a major restructuring plan announced during its third-quarter earnings report. The company, based in Raleigh, North Carolina, reported a drop in net sales to $2.1 billion from $2.2 billion last year, with a 2.3% decline in comparable store sales. The closures include 523 corporate stores and 204 independent locations, totaling 727, with completion expected by mid-2025. The retailer will exit the West Coast entirely to focus on stronger markets, resulting in a projected revenue loss of $500 million to $800 million. As of October, Advance Auto operated 4,781 stores.
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