Advance Auto Parts said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.

Advance Auto Parts, a major supplier of aftermarket replacement parts and accessories, announced plans to shutter over 700 stores by mid-2025.

NEW YORK — Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations as part of its efforts to revive its struggling business.