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Advance Auto Parts to close over 700 stores. Here’s how many stores operate in New York
Some New York Advance Auto Parts stores could close as the company announced the shuttering of over 700 of its stores nationwide by mid-2025, according to the company’s third quarter earnings report released Thursday.
The closures are part of the company’s “strategic plan to improve business performance,” the report says, as comparable store sales decreased 2.3% in Q3 2024 and net sales are down $100 million from $2.2 billion in the third quarter of 2023.
“We are pleased to have made progress on our strategic actions, including the completion of the sale of Worldpac and a comprehensive operational productivity review of our business,” Advance Auto Parts president and CEO Shane O’Kelly said. “We are charting a clear path forward and introducing a new three-year financial plan, with a focus on executing core retail fundamentals to improve the productivity of all our assets and to create shareholder value.”
Here’s what to know.
Which Advance Auto Parts stores are closing in NY?
It’s unclear. The company didn’t specify which locations are closing in their third quarter report but said 523 corporate-owned stores, 204 independently-operated locations and four distribution centers would close.
And while Advance Auto Parts is looking to consolidate their distribution centers to operate 13 large facilities by 2026, the company is also planning to open 60 market hub locations by mid-2027. The company did not specify how many jobs would be affected as a result of the store closures when reached by the USA TODAY Network.
As of Oct. 5, 2024, the company has 4,781 stores, having closed 29 locations so far this year and opened 23, the report states.
How many Advance Auto Parts stores are there in NY?
New York has 222 Advance Auto Parts stores throughout the state with the most — eight stores — located in Rochester.
Emily Barnes reports on consumer-related issues for the USA TODAY Network’s New York Connect Team, focusing on scam and recall-related topics. Follow her on Twitter and Instagram @byemilybarnes. Get in touch at ebarnes@gannett.com.
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