(NEXSTAR) — After closing roughly 700 shops nationwide, Advance Auto Components is getting ready to open dozens of recent shops by means of 2027.
As a part of a three-year monetary plan, Advance Auto Components introduced in November that it will close about 700 of its more than 4,700 stores within the U.S.
On the time, the corporate stated it aimed to standardize its “retailer working mannequin” and enhance “labor productiveness” whereas accelerating the “tempo of recent retailer openings.” Officers additional mentioned plans to open 60 market hub places by mid-2027.
On Wednesday, Advance Auto Components confirmed it expects to open 30 new places this yr after finishing “the shop closure part of its transformation plan.” As a part of its “returning to development part, the corporate plans to open at the least an extra 100 new places by means of 2027, together with the aforementioned market hubs.
Six new shops have already opened this yr in Florida, New Jersey, Tennessee and Virginia. Further shops are anticipated to open in Florida and Virginia, in addition to Illinois, Maryland, Ohio and Wisconsin, Advance Auto Components stated in a launch shared with Nexstar.
An inventory of these precise retailer places was not instantly out there.
Advance Auto Components did, nevertheless, word that market hubs are on monitor to open within the Midwest quickly. The bigger shops are meant to “enhance availability of elements” — whereas normal shops have 20,000 to 25,000 gadgets, these hubs could have between 75,000 and 85,000, the corporate defined.
“Advance Auto Components is on the trail to speed up retailer development and targeted on the basics of promoting auto elements,” Shane O’Kelly, president and CEO of Advance Auto Components, stated in Wednesday’s launch. “We’re enthusiastic about what’s to return for Advance. Our staff members are dedicated to offering the proper elements and the proper service for our PRO and DIY clients of their communities.”
