Advance Auto Parts To Shutter Over 700 Locations

The Associated Press reports:

North Carolina-based Advance Auto Parts said Thursday that it would be reducing its U.S. footprint as part of a “strategic plan to improve business performance.” The company said it is shuttering a total of 523 of its Advance corporate stores, as well as four distribution centers, and exiting 204 independent locations by the middle of next year.

Specific locations and the number of employees expected to be impacted was not immediately disclosed. Advance Auto on Thursday posted a loss of $6 million in its third quarter on revenue of $2.15 billion. The company also lowered its full-year revenue outlook for the second consecutive quarter.

Read the full article. The company, which has 69,000 employees, was recently targeted by the cult for its diversity policies.

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