Advance Auto Parts Aims to Boost Productivity by Closing Stores
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Advance Auto Parts plans to close 523 corporate stores, exit 204 independently owned locations, and close four distribution centers in the US by mid-2025 to enhance operational productivity.
November 15, 2024 | 4:00 pm
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Advance Auto Parts is closing 523 corporate stores, exiting 204 independently owned locations, and shutting down four distribution centers in the US by mid-2025 to improve productivity.
The decision to close a significant number of stores and distribution centers is aimed at boosting productivity, which could lead to cost savings and improved financial performance. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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