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CARQUEST Independent Stores Being Spun Off?
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By Counterman
Advance Auto Parts announced it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth. The company said optimization of the retail footprint was key to Advance’s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.
With that phase complete, Advance said it now expects to open 30 new locations in the United States in 2025 and at least an additional 100 new locations through 2027, including larger “market hubs.”
Since the beginning of this year,
link hidden, please login to view has opened six new stores in Florida, New Jersey, Tennessee and Virginia. Over the next several months, the company said it expects to open additional stores to serve customers across communities in Florida, Illinois, Maryland, Ohio, Virginia and Wisconsin. Advance added it is also continuing the expansion of market hubs with new openings soon in the Midwest. These larger stores will increase availability of parts by placing approximately 75,000 to 85,000 SKUs closer to customers and other local Advance stores, as well as improve Advance’s speed of service with same-day delivery of parts. By comparison, typical Advance stores carry between 20,000 to 25,000 SKUs.
“Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said
link hidden, please login to view. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.” In addition to new store openings, Advance said it is creating a better customer experience. The company’s previously announced incremental capital expenditure plan includes additional investments in existing stores related to IT infrastructure, equipment, store repairs, and improved inventory and delivery. The company said it is also providing additional training to team members to enhance customer experience.
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By Advance Auto Parts
Leading automotive aftermarket parts provider also investing to improve customer experience, increase parts availability and speed of service with same-day delivery
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth.
Optimization of the retail footprint was key to Advance’s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the Company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.
With that phase complete, the Company now expects to open 30 new locations in the United States in 2025 and at least an additional 100 new locations through 2027, including larger “market hubs.”
Since the beginning of this year, Advance has opened six new stores in Florida, New Jersey, Tennessee and Virginia. Over the next several months, the company expects to open additional stores to serve customers across communities in Florida, Illinois, Maryland, Ohio, Virginia and Wisconsin.
Advance is also continuing the expansion of market hubs with new openings soon in the Midwest. These larger stores will increase availability of parts by placing approximately 75,000 to 85,000 SKUs closer to customers and other local Advance stores, as well as improve Advance’s speed of service with same-day delivery of parts. By comparison, typical Advance stores carry between 20,000 to 25,000 SKUs.
“Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said Shane O’Kelly, president and chief executive officer. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.”
In addition to new store openings, Advance is creating a better customer experience. The Company’s previously announced incremental capital expenditure plan includes additional investments in existing stores related to IT infrastructure, equipment, store repairs and improved inventory and delivery. Advance is also providing additional training to team members to enhance customer experience.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The company also served 934 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at
link hidden, please login to view. Forward-Looking Statements
Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast, “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “target,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about the Company’s strategic initiatives, restructuring and asset optimization plans, store and location opening plans, operational plans and objectives, and statements regarding expectations for future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the Company’s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the Company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the Company’s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, risks associated with the Company’s restructuring and asset optimization plans, deterioration of general macroeconomic conditions, geopolitical factors including increased tariffs and trade restrictions, the highly competitive nature of the industry, demand for the Company’s products and services, risks relating to the impairment of assets, including intangible assets such as goodwill, access to financing on favorable terms, complexities in the Company’s inventory and supply chain and challenges with transforming and growing its business. Please refer to “Item 1A. Risk Factors” of the company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by the company’s subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.
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By Counterman
Auto Value and Bumper to Bumper are gearing up for an adrenaline-packed experience with the launch of the 2025 Road Warrior Weekend Sweepstakes. The promotion gives 20 lucky grand-prize winners and their guests the chance to embark on an ultimate driving adventure at the prestigious Radford Racing Performance Driving School in Chandler, Arizona, this October.
All grand-prize packages include a thrilling two-day driving experience, where the 40 attendees will have the opportunity to unlock their driving potential in a fleet of high-performance vehicles, the
link hidden, please login to view explained. In addition, the all-inclusive package covers accommodation, travel, exclusive meals and receptions, and VIP access to the state-of-the-art Radford Racing school’s elite facilities and driving instructors. Beginning on March 1, 2025, and running through April 30, 2025, this high-octane sweepstake offers participants a chance to win not only the grand prize, but Auto Value and Bumper to Bumper are also giving away a total of $25,000 to 150 lucky gift card winners. Entries are simple and automatic: all qualifying invoices of $150 on MyPlace4Parts earn professional technicians an entry, and then bonus entries are awarded at the end of the day for every $150 increment.
“Once again, another exciting sweepstakes from Auto Value & Bumper to Bumper,” said Jim Holik, director of marketing, at the
link hidden, please login to view “These types of promotions aren’t possible without the support of our manufacturing channel partners. Our goal is to give these customers an experience they won’t soon forget, and there is no better way to do that than behind the wheel with some high-performance driving in the desert.” For more details on how to enter and the official sweepstakes rules, visit
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By Counterman
Applications for the Art Fisher Memorial Scholarships are now being accepted at
link hidden, please login to view. Thirteen scholarships for the 2025-26 academic year, in memory of the late founder of Federated Auto Parts, will be awarded to students preparing for automotive aftermarket careers. The deadline to enter is March 31, 2025.
The
link hidden, please login to view are administered by the University of the Aftermarket Foundation ( link hidden, please login to view) and are awarded to students attending a two- or four-year accredited college, an ASE certified post-secondary automotive, heavy-duty or collision technician training program or any licensed and accredited vocational school. Students graduating from high school in 2024 and heading to any of these post-secondary programs are also eligible. “It brings immense pride to everyone at Federated to provide these scholarships to exceptional applicants each year,” said Bo Fisher, chairman of
link hidden, please login to view. “Awarding the Art Fisher Memorial Scholarships is a way to give back, help deserving young students and honor my father’s memory.” Federated is one of more than 30 organizations that award scholarships on the UAF Automotive Aftermarket Scholarship Central
link hidden, please login to view. As an added benefit for students who apply at AutomotiveScholarships.com, each completed application will be considered for every scholarship opportunity where the candidate meets the qualifications. The post
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By Counterman
Applications for the Art Fisher Memorial Scholarships are now being accepted at
link hidden, please login to view. Thirteen scholarships for the 2025-26 academic year, in memory of the late founder of Federated Auto Parts, will be awarded to students preparing for automotive aftermarket careers. The deadline to enter is March 31, 2025.
The
link hidden, please login to view are administered by the University of the Aftermarket Foundation ( link hidden, please login to view) and are awarded to students attending a two- or four-year accredited college, an ASE certified post-secondary automotive, heavy-duty or collision technician training program or any licensed and accredited vocational school. Students graduating from high school in 2024 and heading to any of these post-secondary programs are also eligible. “It brings immense pride to everyone at Federated to provide these scholarships to exceptional applicants each year,” said Bo Fisher, chairman of
link hidden, please login to view. “Awarding the Art Fisher Memorial Scholarships is a way to give back, help deserving young students and honor my father’s memory.” Federated is one of more than 30 organizations that award scholarships on the UAF Automotive Aftermarket Scholarship Central
link hidden, please login to view. As an added benefit for students who apply at AutomotiveScholarships.com, each completed application will be considered for every scholarship opportunity where the candidate meets the qualifications. The post
link hidden, please login to view appeared first on link hidden, please login to view.
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