Advance Auto Parts will close hundreds of stores across the country, as well as four distribution centers, due to a lower demand for vehicle parts.
The company announced the news this week with the release of its third-quarter report on Thursday, Nov. 14, which also reported an adjusted loss of 4 cents per share, compared to a loss of $1.19 a year ago.
Here’s what else to know.
How many Advance Auto Parts stores are closing?
Though executives haven’t yet announced which stores are closing, we know from a regulatory filing that the company plans to close 523 corporate stores, leave 204 independent locations and shut down four distribution centers.
The car part supplier’s gross profit increased 11% in the third quarter this year, a drop from the nearly 37% increase in last year’s third quarter. Due to this, these closures are set to be complete by the middle of 2025.
More:Clean water may return to Asheville in coming days; 1st time since Helene
How many Advance Auto Parts stores are there in NC?
There are 293 Advance Auto Parts locations in N.C. The 30 located in WNC:
- Arden – 1
- Asheville – 7
- Black Mtn – 1
- Boone – 2
- Brevard – 1
- Bryson City – 1
- Burnsville – 1
- Candler – 1
- Canton – 2
- Columbus – 1
- Fletcher – 1
- Franklin – 1
- Hendersonville – 3
- Marion – 1
- Murphy – 1
- Rutherfordton – 1
- Spruce Pine – 1
- Sylva – 1
- Waynesville – 1
- Weaverville – 1
Iris Seaton is the trending news reporter for the Asheville Citizen Times, part of the USA TODAY Network. Reach her at iseaton@citizentimes.com.
