Advance Auto Parts closing all California stores, including 14 in San Diego County

[Zorro]

Advance Auto Parts is rolling out of California.

The auto supply company, with more than 150 stores in this state, is closing all California locations and hundreds of others across the Western U.S., including 14 in San Diego County.

In all, it is closing more than 700 stores and distribution centers in California, Oregon, Washington, Nevada and Arizona, a move that comes as the company aims to “improve the productivity of all our assets and to create shareholder value,” Shane O’Kelly, the company’s president and chief executive, said in a news release.

In last week’s third-quarter earnings call, O’Kelly said the company will focus on top-performing stores and ditch stores that are struggling.

“We made the decision to close certain non-performing, nonstrategic stores in the U.S. to better position our assets based for long-term sustainable growth,” he said. Instead, Advance Auto Parts will work to “improve store concentration in our strongest markets.”

https://www.sandiegouniontribune.com/2024/11/19/advance-auto-parts-closing-all-california-stores-including-14-in-san-diego-county/

I wonder if this is an effect of the increase in EVs in California.

[Historic NY]

1. More likely in advance of tariffs...

many new parts come from outside the US. including the crappy, yes crappy reconditioned stuff Mexico send north. O'Reilly is gaining a foothold in new markets.

[hlthe2b]

2. that is my guess too.

[Fullduplexxx]

3. Maybe it has something to do.With automakers preventing consumers from repairing their own vehicles

While not explicitly aiming to completely prevent consumers from performing basic car maintenance, some auto manufacturers are increasingly designing vehicles with complex systems and limited access to parts, making DIY repairs significantly more difficult and often requiring specialized tools and expertise only available at authorized dealerships, effectively discouraging at-home car maintenance by consumers; this trend is often criticized as a strategy to drive more business towards dealership service departments.

[ZonkerHarris]

4. My first car was an old 60s Mustang. You could practically stand inside the engine compartment to work on it

Straight 6 and easy.
Nowadays I open a hood and it's just like looking a computer's guts.
no clue for me

[Fullduplexxx]

5. Mine was a 66 gto . Even with a 400cu engine i could still easily

Remove the spark plugs from the side

[BlueWaveNeverEnd]

8. even I was able to change my car's light bulbs back in the 80s/90s. I don't bother to try that stuff anymore

[IbogaProject]

7. Also price discovery

Advanced Auto does free code scans too if your check engine light is on. But price discovery is going to slowly decimate these private equity retail businesses that need to turn a profit above salaries.

[Nigrum Cattus]

6. Pure Greed !

This has nothing to do with EV's. The statement notes "shareholder value".
Not market share or profit. California is the largest market for autos in the
U.S.. Also, the republicans are going to end the $7,500 tax credit for EV's.