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About Advance Auto Parts
Advance Auto Parts, headquartered in Roanoke, Virginia, and is now the largest retailer of automotive replacement parts and accessories in the United States by a window after getting CARQUEST in October 2013. AAP was established in 1932 and had 2011 revenues of approximately $ 6.2 billion. AAP operates over 3,800 stores in forty US states and has more than 55,000 employees.
In 2005, Advance Auto Parts purchased Autopart International, Inc. which operates 202 stores along the Atlantic Seaboard. As of 2014, Autopart International still operates as a separate division of First Auto.
In 2013 AAP General Parts Inc Buy include CARQUEST, CARQUEST Canada and WorldPac for $ 2.04 billion.
In 1932 Arthur Taubman purchased from Pep Boys, Advance Shop, with two stores in Roanoke and one in Lynchburg.
The first major expansion Advance Auto Parts was in 1998 when the company acquired the remaining activities of Western Auto, an auto parts and retail in general. Most of the activities of Western Auto has been taken over by Sears, Roebuck and Co. in 1987.
In April 2001, Advance Auto Parts buy Carport Auto Parts, a retail chain with 29 stores area in Alabama and Mississippi. November 28, Advance Discount Auto Parts 671 purchase, Inc., an auto parts chain in the area of Florida, Alabama, Georgia, South Carolina, and Louisiana. After completion of this merger, Advance Auto Parts has become a publicly traded company, listed as a common stock on the New York stock market under the symbol AAP. Year ends with 2,484 stores in 38 states.
In July 2002, Advance Auto Parts received the approval of the bankruptcy court to acquire 57 stores in northern Virginia Trak Auto, Washington, DC, Maryland and east.
In September 2006, Advance Auto Parts (NYSE: AAP) has announced an agreement with ADMMicro, a VA-based company, to retrofit some existing stores and equip the new shop with a energy management system (EMS).
Before now operates 4,000 locations in 40 countries, including Puerto Rico and the Virgin Islands use the following brand names: Advance Auto Parts, Discount Auto Parts before, and Western Auto (Puerto Rico and the Virgin Islands).
In 2010, Advance Auto Parts announced an agreement with Monster Jam to become major donors. The company sponsored a truck on circuit Advance Auto Parts Grinder called. As of the close of fiscal year 2013, Advance has chosen not to renew the relationship with Monster Jam, and Organization Feld.
In December 2012, Advance Auto Parts buy BWP distribution, a Carquest franchise for the New England region, including the transfer of 124 company-owned retail locations plus 2 distribution centers. Responsibility for the 92 positions independently owned but is serviced by BWP was transferred to General Parts, Inc., the franchise's biggest Carquest along with a distribution center to serve the location.
October 16, 2013, Advance Auto Parts entered into a definitive agreement to acquire for General Parts International, Inc. (GPI), a leading organization and provide private distribution equipment and aftermarket replacement products Initial commercial markets operating under brands CARQUEST and WORLDPAC. The transaction has been approved by the Board of Directors of both companies. This agreement will create the parts supplier's largest automotive aftermarket in North America, with annual sales of more than $ 9200000000 and 70,000 employees.
General Parts International, with corporate headquarters in Raleigh, NC, has seen a significant increase in personnel since it was acquired by Advance. Most of the work has more employees from Roanoke, Minnesota, or between the hours of redundant positions GPI moved to Raleigh. It is hoped that the net result between GPI former position and the new position respectively before the increase. However, as already announced on 10/08/2015 local NPR radio station, WUNC, Advance Auto is in the process of layoffs at least 100 employees from both offices to eliminate duplicate positions.
Auto Parts in 2014 before starting a loyalty program for customers DIY, SpeedPerks name. When participating in the loyalty program, members will receive a discount off purchases without a card or points system. When a customer spent $ 30 at the store before tax, $ 5 coupons will be sent to their email, for once bought $ 100 before taxes $ 20 coupon will be emailed to members.
September 30, 2015, Starboard Value LP, an investment company operation revealed a 3.7 percent stake in Advance Auto Parts. Through a letter to the CEO Darren Jackson and important introduction is published on the website of Starboard, Starboard believe value stocks advance Auto Parts has the potential to reach $ 350 each when companies move steps to improve profitability. The presentation also stated that "Advance Auto Parts has significantly less than peers on almost any measure, including operating profit, sales growth, and total shareholder returns." Before the vending of Roanoke-based missed market expectations in four of the last six quarters. Starboard Value LP is behind the overthrow of the entire board of restaurant operator Darden Restaurants Inc last year, the owner of the restaurant Red Lobster / Olive Garden.
Advance Auto Parts is the automotive aftermarket retailer in the US largest based on sales and store count. The company premiered on the Fortune 500 list of companies in 2003 at number 466 and remained on the list since that time. As of June 2014, it was ranked at No. 1412 on Forbes' largest public company in the world "list.
Prior has received much recognition for charitable contributions. The company has been recognized nationally for fundraising for the Juvenile Diabetes Research Foundation (JDRF), has donated more than $ 20 million since 1994.  Before the operation as a general for the largest share of the contributions to JDRF, collect money from both walk in customer and commercial business through the sale of paper shoes, which a customer purchases is displayed on shop windows.