Advance Auto Parts News Layoffs 2024 Release Date. Shares of the company closed up less. Automotive supply retailer advance auto parts will be closing more than 700 of its 5,000 stores and cutting jobs as part of a corporate restructuring.

Advance auto parts is closing more than 700 locations to shore up the company’s finances following another dismal earnings report. Advance auto parts announced over 700 stores to close and job cuts by middle of 2025 due to financial losses as consumers continue to hold back.