(WDNews) — Advance Auto Parts has announced plans to close 523 corporate stores and end partnerships with 204 independent locations as part of a major restructuring effort aimed at improving business performance. The company shared the decision in its third-quarter financial report.
The closures will involve market exits in some Western states and consolidations in higher-density markets in the East. Additionally, four distribution centers will be closed. Despite the reductions, the retailer plans to accelerate new store openings in other areas as part of its strategy to focus on store operations, merchandising, and supply chain improvements.
“This reduction consists of complete market exits in certain Western states, coupled with the optimization of our footprint in other markets, including eastern states where we have higher density,” said Shane O’Kelly, Advance Auto Parts CEO, during the post-earnings call, according to Market Watch.
The list of affected locations has not been released. Alabama has more than 130 Advance Auto Parts stores, but it is unclear how many, if any, will be impacted.
