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Advance Auto Parts is opening 30 new stores in 2025 despite Trump tariff threats
Despite swirling economic uncertainty—and tariffs that could hit the auto parts industry particularly hard—one large auto parts retailer is gearing up for expansion. Advance Auto Parts is going to open 30 new locations across the United States by the end of 2025, and aims to open “at least an additional 100 new locations through 2027,” according to a company announcement released on Tuesday. That includes opening new stores in larger “market hubs.” Fast Company reached out to Advance Auto Parts to get a complete list of new store locations, but the company declined to provide additional information. The announcement may come as a surprise, as Advance Auto Parts said several months ago that it was closing more than 700 stores. The company operated nearly 4,800 stores across the U.S. and Canada as of the end of 2024. According to the company, the closure of those stores, and subsequent expansion plans, are a part of a plan to optimize Advance’s retail footprint. Per the company’s release, “now, more than 75% of the Company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.” “Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said Shane O’Kelly, president and chief executive officer, in comments included with the company’s release. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.” Advance Auto Parts is battling it out in the competitive auto parts retail industry, and in terms of foot traffic, is tied with O’Reilly Auto Parts in securing around 18% of overall visits. According to industry data, AutoZone, the market leader, gobbled up more than 32%. The news of the expansion was met with a tepid response from the markets. Advance Auto Parts’ stock was trading at $37.50 per share when markets opened on Wednesday morning, and by midday, was up only around 1% or so. Shares are down more than 21% year to date, and down 55% over the past calendar year. Meanwhile, O’Reilly Automotive’s stock is up 16% year to date, and 21.5% over the past year. AutoZone shares are up 13.2% year to date and 15.3% over the past year.
Despite swirling economic uncertainty—and tariffs that could hit the auto parts industry particularly hard—one large auto parts retailer is gearing up for expansion. Advance Auto Parts is going to open 30 new locations across the United States by the end of 2025, and aims to open “at least an additional 100 new locations through 2027,” according to a company announcement released on Tuesday.
That includes opening new stores in larger “market hubs.” Fast Company reached out to Advance Auto Parts to get a complete list of new store locations, but the company declined to provide additional information.
The announcement may come as a surprise, as Advance Auto Parts said several months ago that it was closing more than 700 stores. The company operated nearly 4,800 stores across the U.S. and Canada as of the end of 2024.
According to the company, the closure of those stores, and subsequent expansion plans, are a part of a plan to optimize Advance’s retail footprint. Per the company’s release, “now, more than 75% of the Company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.”
“Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said Shane O’Kelly, president and chief executive officer, in comments included with the company’s release. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.”
Advance Auto Parts is battling it out in the competitive auto parts retail industry, and in terms of foot traffic, is tied with O’Reilly Auto Parts in securing around 18% of overall visits. According to industry data, AutoZone, the market leader, gobbled up more than 32%.
The news of the expansion was met with a tepid response from the markets. Advance Auto Parts’ stock was trading at $37.50 per share when markets opened on Wednesday morning, and by midday, was up only around 1% or so. Shares are down more than 21% year to date, and down 55% over the past calendar year.
Meanwhile, O’Reilly Automotive’s stock is up 16% year to date, and 21.5% over the past year. AutoZone shares are up 13.2% year to date and 15.3% over the past year.
