Retail Bankruptcy and Closures

Shopping and Retail News

Advance Auto Parts is closing more than 700 stores

The announcement follows a disappointing third quarter

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Despite government data showing a strong economy, many retailers are struggling, just like their customers. The latest retailer to announce plans to shutter some of its stores is Advance Auto Parts.

As it reported third quarter earnings, the company said it would close more than 700 of its stores. Among those targeted for closing are 523 company-owned stores and 204 that are owned by franchisees.

The retail auto parts sector has plenty of competition and the third quarter...

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