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Advance Auto Parts is closing more than 700 locations

  • Advance Auto Parts is closing over 700 stores to stabilize its finances after posting another disappointing earnings report, according to a new report from CNN Business.
  • The company plans to shut down approximately 500 corporate-owned stores and about 200 independently operated locations.
  • The CEO emphasized that the closures were part of the "strategic plan to improve business performance.
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