Advance Auto Parts Puts Foot On Turnaround Gas With 200 Store Closures

1. Advance Auto Parts plans to close over 200 locations to downsize. 2. The company expects closure costs between $350 million to $750 million. 3. Recent sales fell short of expectations, with a 3.2% decline. 4. Advance sold its Worldpac subsidiary for $1.5 billion to Carlyle Group. 5. The turnaround plan focuses on optimizing operations and reducing underperforming stores.