Delaware
Advance Auto Parts to close hundreds of stores. Delaware stores’ future unclear
Which well-known retail stores filed for bankruptcy?
Red Lobster, Walgreens, Rite Aid and many other retailers are battling with worsening financials.
Advance Auto Parts is shuttering or leaving over 700 locations around the country by mid-2025.
The car parts store based in North Carolina announced the closures on Nov. 13. It is a part of a “restructuring” and “asset optimization plan” with the goal of increasing profits and streamlining the companies operations, according to a public filing. There will be a headcount reduction as a result.
It is closing 523 corporate stores and four distribution centers and exiting 204 independent locations. The locations of the closures have not been made public as of this writing.
“We are charting a clear path forward and introducing a new three-year financial plan, with a focus on executing core retail fundamentals to improve the productivity of all our assets and to create shareholder value,” said CEO and president Shane O’Kelly in a statement on Nov. 14.
How many Advance Auto Parts locations are in Delaware?
There are 19 locations in Delaware, with stores in all three counties. Which locations are closing, if any, has not been released to the public.
As of October, there were 4,781 locations total in the U.S., Canada, Puerto Rico and the U.S. Virgin Islands.