Advance Auto Parts, one of the largest auto parts retailers in the U.S., has announced a massive restructuring plan that includes closing approximately 700 stores nationwide. The shutdown will impact 500 corporate-owned locations, 200 independently operated stores, and four distribution centers.
This decision comes as the company faces declining sales and financial losses, prompting a shift in strategy to improve profitability and streamline operations. First disclosed in November 2023, the restructuring aims to optimize resources, enhance efficiency, and increase shareholder value.
Store Closures Hit New York—What You Need to Know
Advance Auto Parts currently operates 4,700 stores across the country, including over 200 locations in New York state. While a full list of closures has not been released, the company has already shut down at least seven stores in New York, affecting cities like Buffalo, Rochester, Schenectady, and Staten Island.
According USATODAY, the financial impact of these closures is significant. In Q4 2024, the company reported $2.0 billion in net sales, reflecting a 0.9% decline compared to the previous year. Meanwhile, comparable store sales dropped 1%, excluding the locations slated for closure under this restructuring plan.
Confirmed Store Closures in New York
According to the company’s website, these Advance Auto Parts locations in New York have already closed:
- Buffalo: 1833 Elmwood Ave
- Port Chester: 10 Mill St
- Rochester: 1028 N Clinton Ave
- Rochester: 1460 W Ridge Rd
- Schenectady: 1225 Curry Rd
- Staten Island: 2060 Forest Ave
Shane O’Kelly, President and CEO of Advance Auto Parts, emphasized that these strategic moves are essential for the company’s long-term sustainability. “We are charting a clear path forward with a new three-year financial plan focused on improving productivity, enhancing core retail operations, and delivering greater value to shareholders,” O’Kelly stated.
As the company navigates this major transition, customers and employees alike face uncertainty. For shoppers relying on Advance Auto Parts for batteries, motor oil, and vehicle essentials, these closures may mean longer drives to the nearest store—or seeking alternatives.