Industry Demand Looks Healthy, but Advance Still Dealing With Bloated Costs, Part Availability Woes
While we do not foresee any immediate threats to Advance’s solvency, we acknowledge that its weakening cash flow generation and recent credit rating downgrade provides some financial uncertainty.
Auto parts chain with Bay Area locations to close hundreds of stores
Advance Auto Parts, a major supplier of aftermarket replacement parts and accessories, announced plans to shutter over 700 ...
Advance Auto Parts shutting 500 stores, cutting jobs as fewer opt to repair cars
Advance Auto Parts said Thursday it will close about 500 stores by mid-2025 and cut some jobs under a restructuring effort, ...
Advance Auto Parts to close stores, cut jobs amid sluggish demand
Advance Auto Parts said on Thursday it will close about 500 stores by mid-2025 and cut some jobs under a restructuring effort, as demand for vehicle parts takes a hit from fewer consumers opting to ...