Advance Auto Parts announced on November 14 that it will permanently close 136 stores across California, as well as one distribution center in San Bernardino County. This decision will result in the layoff of 1,617 employees.
While Advance Auto Parts operates more than 4,700 stores across the United States, Canada, Puerto Rico, and the U.S. Virgin Islands, the closure of all its California locations is part of a broader trend of retail closures in the state. Other major chains, such as Rite Aid, Big Lots, and Macy’s, have also shuttered multiple locations due to financial difficulties and changing consumer habits.
Nationwide Closures and Layoffs
The move to close stores in California is part of a larger strategy to restructure the company. Advance Auto Parts plans to close a total of 523 corporate stores nationwide, exit 204 independent locations, and shut down four distribution centers. This follows disappointing third-quarter earnings, with the company reporting a net profit of $2.1 billion, a $100 million decrease compared to the same period in 2023.
To improve its financial position, the company aims to enhance its merchandising strategies and supply chain management.
WARN Act Compliance
Advance Auto Parts has complied with the Worker Adjustment and Retraining Notification (WARN) Act, which requires employers with 100 or more employees to give a 60-day notice before any mass layoffs or plant closures. The company notified the California Employment Development Department (EDD) about the closures, providing workers and their families with time to prepare for the job losses.
- Kim Kardashian Embraces Single Life While Exploring New Relationships - December 12, 2024
- 11-Year-Old Girl Survives 3 Days at Sea Clinging to Inner Tubes After Shipwreck - December 12, 2024
- Who will receive a $1,800 Social Security payment this December 2024 - December 11, 2024
