The automotive aftermarket parts provider Advance Auto Parts announced on Thursday that it will close more than 500 stores by mid-2025, while also cutting jobs in an effort to save money.
Categories: adjusted lossAdvance Auto Partsaffordable vehiclesannual sales forecastAptiv PLCautomobilesautomotive storeBorgWarnerBusinesscarsChinese automakersconsumer demandcorporate storesdistribution centersEarningsindependent locationsinflationJames Meyersjob cutsOAN Newsroomoperating income marginrestructuringstore closingsTodays HeadlinesU.S.vehicle partsVehicle production