Advance Auto Parts opening 30 new stores this year

Advanced car parts are now planning to expand.

“Enter the next stage of returning to growth” with plans to launch 30 new stores in the United States this year.

In the long run until 2027, Advance Auto Parts seeks to add 100 additional sites including the largest “market Hub” stores, according to the company.

Shinandoa, Pennsylvania, United States – 01/22/25/29: an external view of the prior car parts store in Shinandou, Pennsylvania. Advance Auto Parts, Inc. It is an equipment for post -sales spare parts that run more than 4,700 stores. (Photo by Po (Paul Weaver/SOPA Images/Lightrockket via Getty Images/Getty Images)

“The advanced car parts are on the road to accelerate the growth of stores and focus on the basics of selling auto parts,” CEO, CEO, said in a statement. “We are excited when it will come to progress.”

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The expansion parts of the expansion said that the expansion comes after successfully completed the “phase of closing the store for its transformation plan.”

In November, the company had said that it would close more than 700 sites – more than 500 of which were companies stores – and closed four distribution centers. This step arose from a three -year “strategic plan” aimed at “improving business performance” for advanced auto parts.

Advanced auto parts offer hundreds of sites after slow performance

The measures in the strategic plan of the company include “unifying the store operating model” and “strategic sources to improve the first costs and bring spare parts to the market faster”, among other things, according to the company.

Advance Auto Parts said on Wednesday that more than 75 % of its sites are now “in the markets where the company owns the number 1 or No. 2 based on the density of the store, which enhances its presence in strategic societies.”

The company said that it will appear for the first time new stores in Florida, Illinois, Maryland, Ouheyu and Virginia Weskonsen in the coming months “several”. Six new cars stores have launched in Florida, New Jersey, Tennessee and Virginia since the beginning of 2025.

The capture truck is reflected in the Advance Auto Parts Inc. In Phoenix, Arizona, United States, on Monday, February 19, 2018. (Caitlin O’Hara / Bloomberg via Getty Images / Getty Images)

As part of the expansion, the new “market centers” is scheduled to come to the Middle West “soon”, according to Advance Auto Parts. Kelly said previously during the company’s profit call in February February, that the company wants to obtain 60 new “market centers” by mid 2027.

“Market Centers” is much larger than their regular stores. The company said that “it increases the availability of spare parts by placing approximately 75,000 to 85,000 SKU from customers and other local advanced stores, as well as improving the speed of the Advance service with the delivery of parts on the same day.”

Washington, DC, August 22: A car spare parts location was seen on August 22, 2024 in Takoma Park, Maryland. Advance Auto Parts has announced the sale of the Carlyle Group for 1.5 billion dollars in cash, as part of communication (Tierney L. Cross / Getty Images / Getty Images)

Advanced auto parts sell car parts, batteries, accessories, chemicals and engine maintenance elements.

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Over the course of 2024, the company produced $ 9.09 billion in net sales. Meanwhile, the sales of similar stores recorded a 0.7 % decrease of financial director Ryan Gremmended that “driven by the dispute in the second half of the year and is attributed to the comprehensive softness in the consumer spending environment, including postponement and spending on maintenance elements as shown throughout the industry in 2024”.

The net annual loss of 2024 was 335.79 million dollars.