The Ukrainian language is added to the translation by neural networks.

Advance Auto Parts is planning to expand. The auto parts retailer announced that it has 'entered the next phase of development' and plans to open 30 new stores in the U.S. this year. Under long-term plans by 2027, Advance Auto Parts intends to open an additional 100 stores, including larger 'market centers,' the company stated.

'Advance Auto Parts is on the path to accelerated store network growth and is focused on the core principles of auto parts sales,' said CEO Shane O'Kelly in his statement. 'We look forward to further news from Advance.'

The expansion has been made possible after the successful 'completion of the store closure phase as part of the transformation plan' - reports Advance Auto Parts.

In November, the company announced the closure of over 700 stores, of which more than 500 were corporate, as well as the closure of four distribution centers. This move was part of a three-year 'strategic plan' aimed at 'improving the performance of Advance Auto Parts.'

The company plans to standardize store operations and employ a strategic approach to inventory selection, which will improve the cost of parts and speed up their delivery to the market. More than 75% of Advance Auto Parts stores are located in 'strategic communities' where the company holds a leading position in terms of store count.

In the coming 'few months', new stores are set to open in Florida, Illinois, Maryland, Ohio, Virginia, and Wisconsin, reports the company. Since the beginning of 2025, six new Advance Auto Parts stores have already opened in Florida, New Jersey, Tennessee, and Virginia.

As part of the expansion, new 'market centers' are planned to open in the Midwest region of the U.S. CEO Kelly already noted during the quarterly press conference in February that the company plans to have 60 new 'market centers' by mid-2027. They will be significantly larger than standard stores.

Advance Auto Parts sells a variety of parts, batteries, accessories, chemicals, and vehicle maintenance products.

For 2024, the company reported $9.09 billion in net income. At the same Time, there was a 0.7% decline in same-store sales, which financial chief Ryan Grimmsland attributes to a 'slowdown in the second half of the year and an overall crisis in the consumer environment, including delays in purchases and maintenance expenses, which became a general trend in the market in 2024.' The company's net loss for 2024 was $335.79 million.