Overview

• Advance Auto Parts has completed the closure phase of its transformation plan, shutting down approximately 700 stores nationwide.
• The company plans to open 30 new U.S. locations in 2025 and at least 100 additional stores by 2027 as part of its growth strategy.
• A key focus of the expansion includes larger 'market hub' stores with 75,000–85,000 SKUs, significantly increasing parts availability and enabling same-day delivery.
• Six new stores have already launched in early 2025 across Florida, New Jersey, Tennessee, and Virginia, with more planned in Illinois, Maryland, Ohio, and Wisconsin.
• Recent financial results show stabilization, with fourth-quarter 2024 sales exceeding expectations at $2 billion, indicating progress in the company’s recovery efforts.